Welltel acquires service provider Novi for €3m

Welltel acquires service provider Novi for €3m

By Maurice Garvey

BALLYMOUNT business Welltel recently acquired Kildare-based IT service provider Novi, in a €3 million deal.

Communications provider Welltel will retain Novi as a standalone brand in the interim. Adding Novi’s 15 employees, it will bring the total headcount to 115 and its SME and enterprise customer base to more than 3,000.

Welltell acquires Novi 1 compressor

At the announcement that Welltel has acquired IT service provider Novi are (L-R): George O’Dowd, Managing Director, Novi and Ross Murray, CEO, Welltel

The deal is the latest in Welltel’s wider acquisition strategy for growth, which saw it acquire ICT provider Invisitech at the beginning of this year.

The acquisition will enable Welltel to expand and enhance its cyber security and managed service offering.

Novi is a cybersecurity company that has launched several security services and products in recent times, including Novi PatchGuard, Novi AirGap and Novi CyberView.

Established in 1999, Novi has recently reported several consecutive years of significant revenue growth based on its ability to attract and retain high profile clients across a range of industries.

Its customers include CarePlus Pharmacy, Flynn, Irish Funds, O’Brien’s Fine Foods and Expert Electrical.

Ross Murray, CEO, Welltel, said: “The Welltel and Novi teams share a very similar vision of enabling growth for businesses which made this acquisition a natural fit.

We were deeply impressed with the strength of Novi’s client base and recurring revenue growth, as well as its proactive approach. Novi’s consistent revenue growth is founded on its ability to acquire and retain high profile customers.”

George O’Dowd, Managing Director, Novi, said: “We’re excited to leverage the synergies between our two brands to provide mid-sized Irish businesses with a unique combination of managed IT, security and communications expertise.

“Simplicity will be the new watchword as customers can benefit from a single provider for IT and communications.

Our united offering gives us a unique ability to facilitate today’s flexible working needs and make it easy for customers to manage their ICT.”

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