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Asystec Asystec managing director Les Byrne and Ergo chief executive Paul McCann Asystec Asystec managing director Les Byrne and Ergo chief executive Paul McCann

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Limerick computer support company Asystec joins Ergo in a €25m deal

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2 years ago

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Asystec managing director Les Byrne and Ergo chief executive Paul McCann

Limerick computer support company Asystec joins Ergo in a €25m deal

By I Love Limerick Correspondent Ann Mc Donald

Asystec Pictured above is Les Byrne of Asystec.

Pictured above is Les Byrne of Asystec.


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Limerick computer support company Asystec has been acquired by information technology services firm Ergo in a €25m deal.

Asystec was established in 2011 by Les Byrne and took less than a decade to grow into a €40m company. The company provides multinational customers with market-leading expertise in VMware, Amazon Web Services (AWS), and Dell Technologies. 

Les Byrne, Managing Director of Asystec, will be joining the board of Ergo, alongside Sales Director Aonghus O’Neill. 

By targeting an acquisition that complements existing expertise in Microsoft and HP technologies, Ergo is scaling up and expanding its role as an enterprise-class service provider of cloud and managed services.

Les Byrne said, “We are hugely excited to be taking our business on the next stage of its journey, becoming part of Ergo at such a pivotal moment in the evolution of the IT services sector. Together we will be able to map and deliver future-proof IT strategies for fast-changing markets, creating new opportunities for our customers and our people.”

The acquisition, which is subject to Competition and Consumer Protection Commission clearance, will create one of the largest privately-owned Irish IT services company in the country, with over 500 employees across Ireland, the UK and North America, and annual revenues in excess of €150 million. 

Paul McCann, CEO of Ergo, said, “This is a transformative deal for the Irish market, the coming together of complementary skills and services from two key players in the Irish IT sector. We welcome Asystec on board, knowing that natural synergies in our customer-centric focus will make for a perfect cultural as well as technical fit.”

The acquisition aligns with Ergo’s strategy to build on public, private, and hybrid cloud capabilities. Combining its knowledge of Microsoft Azure with Asystec’s expertise in AWS will enhance the assessment, design, and deployment of hyper-converged cloud platforms, data analytics solutions, and a suite of transformation services.

Graham Fagan, Group Director of Enterprise Technology & Cloud Engineering at AIB said “As a long-standing Asystec partner I’d like to congratulate Asystec and Ergo on what I have no doubt will be a very successful venture at an important time for the Irish technology industry. We look forward to working with them in the future.” 

Asystec’s headquarters in Limerick and offices in the UK and US will extend Ergo’s geographic footprint internationally, as well as across the island of Ireland.

For more about Ergo go HERE 

For more stories about business go HERE 

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