Latest News
International business conference to harness the power of the Irish female diaspora
€62 million invested in Irish based companies by Irish venture capital firms
Nationwide search continues for Ireland’s Best Young Entrepreneur
Student from Limerick Institute of Technology scoops top prize at Enterprise Ireland Student Entrepreneur Awards 2015
Client Spotlight
Irish Distillers to invest €17m in Dublin bottling plant
Tricel announces creation of 100 jobs in Kerry
Blue Insurance to create 100 new jobs in Dublin
iSite acquisition triggers new phase of Ergo expansion
Research & Innovation
€5 million Connected Health Centre opened at UCD
More Irish companies use academic research to grow their business
Ireland rises to eighth place in EU innovation scoreboard
Startup Zone
DIGIT Game Studios to triple in size
East Coast Bakehouse to create 100 jobs in the opening of a new biscuit factory
IASC first Irish company to win ‘Oscar’ of the seafood industry
International Activities
Successful trade mission to Poland and the Czech Republic
€12 million in contracts signed in South Africa
Irish Agri companies exhibit at the New Zealand’s Fieldays
Funding Offer
€250k fund now open to design-led start-up companies
Enterprise Ireland launches a competitive investment fund for overseas entrepreneurs
Fund managers can apply for €65m seed fund targeting high growth companies

Upcoming Events
NYNOW Irish Showcase
Baltic Ports Market Study Visit
Low Carbon Vehicle Show - LCV2015 - Irish Pavilion
Useful Links
Contact Us  Follow Us
Client Spotlight

iSite acquisition triggers new phase of Ergo expansion

Pictured (L-R) are: iSite Founder Dave Muldoon and Ergo Chief Executive John Purdy

Ergo has acquired leading Customer Relationship Management (CRM) specialist and IT resource provider iSite for an undisclosed sum, consolidating its position as one of Ireland’s leading IT services companies and providing building blocks for a new phase of growth.

The acquisition will see Ergo grow its revenue by 30 per cent in the next year and increase employee numbers from 200 to 330. On top of this, Ergo plans to create 120 extra jobs within two years through additional growth. A new spin-off firm, Ergo Resourcing Ltd, will be launched, headed up by former CEO of iSite Dave Muldoon, and targeted to become a €20m turnover company within the next three years.

The acquisition fulfils two strategic ambitions for Ergo: to expand its Microsoft Dynamics CRM practice, and to provide more resources to companies looking to outsource IT positions in the face of ongoing skills shortages.

The acquisition comes at a time when the 2015 release of Microsoft Dynamics CRM is expected to become a significant addition to Office 365, the Microsoft suite of cloud-based applications. Ergo has been a leading player in the success of Office 365, responsible for around 60 per cent of the seats sold on the island.

John Purdy, who won the prestigious EY Industry Entrepreneur of The Year 2014 award, is focused on aligning Ergo services to the modern needs of modern businesses. “At a time when companies are emerging out of recession, the demands are on Chief Information Officers to deliver more value. Complementing IT skills with companies like Ergo will be part of that agenda, along with a move to more managed services and cloud solutions like Office 365,” he said.

Ergo is also focused on expanding its business outside of Ireland. The firm already provides Managed Print and Managed Services for clients in the UK and its FlowForma workflow product has a growing footprint in the UK public sector. “Nearly 100 per cent of our revenue was generated in Ireland in 2008; that has now fallen to 70 per cent and it’s a trend we are looking to accelerate over the coming years,” said Purdy.

Facebook Twitter LinkedIn
Newsletter Marketing Powered by Newsweaver