Welltel forecasts revenues of €38m following acquisition
By Maurice Garvey
BALLYMOUNT-based Welltel, has acquired Irish secure connectivity and cloud solutions specialist, Strencom, and the enlarged company forecasts revenues of €38m this year.
The acquisition, which is the latest deal in Welltel’s ‘buy-and-build’ strategy - the company has further acquisitions planned this year across Ireland, the UK and Europe.
Ross Murray, CEO, Welltel; John Quinn, Executive Chairman, Welltel and Tim Murphy, CEO, Strencom
Strencom’s highly-skilled 30 employees across connectivity, cloud, sales, and operations will bring the total headcount at Welltel to 180, making it Ireland’s largest business communications company.
Dublin and Cork-based Strencom will continue to trade as a standalone brand in the interim.
The deal will enhance Welltel’s product suite with the addition of Strencom’s secure data connectivity, cloud infrastructure and managed hosting solutions. The company can also leverage Strencom’s nationwide network.
Welltel will cross-sell to both customer bases following the acquisition.
Its customers can access Strencom’s secure managed connectivity and cloud services such as online backup and storage-as-a-service, and Strencom customers can benefit from the addition of voice solutions with Welltel’s end-to-end communications, telephony, and managed IT services.
Strencom’s UK-based customers will also increase Welltel’s UC capabilities in the UK market, with two points of presence there.
Welltel plans to leverage Strencom’s infrastructure to grow its channel relationships, and build on its partnerships with Cisco, Fortinet and Pao Alto.
Strencom’s platform is also the only VMware cloud-certified platform in Ireland.
Ross Murray, CEO, Welltel said the acquisition will create a “one-stop provider for business customers”.
“It drives our secure connectivity proposition and offers a natural migration path to the secure cloud. This is especially important with the acceleration of the digital workplace, and in securing the hybrid workforce of the future,” he said.
“As a company headquartered in Ireland, Strencom is fully in control of all customer information with worldclass data centre facilities in Dublin and Cork.
“This base in Cork also bolsters our regional presence and builds on our existing locations in Cork and Kildare.”
