Bahrain’s Investicorp backed Calligo acquires Ireland-based IT firm Itomic

The acquisition along with a recent deal with Dublin-based DC Networks will further establish the firm’s global footprint.

By Rahul Vaimal, Associate Editor
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Bahrain-based manager of alternative investments Investcorp has declared that Calligo, a firm in which it has a stake acquired Itomic Voice & Data, an Ireland-based IT managed services provider.

Founded in 2012, Jersey-based Calligo puts data and its privacy at the heart of a customized collection of managed data services for SMEs and enterprises, including IT managed services, managed cloud services, data privacy services and privacy-by-design machine learning services. Meanwhile, Itomic specializes in IT solutions and maintenance and managed Microsoft 365 and Azure services.

Investcorp Technology Partners via Investcorp Technology Fund IV financed Calligo in 2016 and has infused more than $20 million into the firm since its investment to help expedite its product innovation and international expansion plans, both organically and through targeted acquisitions.

Calligo’s acquisition of Itomic represents its seventh international managed service provider procurement in the past three years and follows its most recent addition of Dublin-based DC Networks in January of 2020. These two purchases unite to make Calligo one of the largest IT managed service providers in Ireland, further establishing the firm’s global footprint.

Gilbert Kamieniecky, MD and Head
Private Equity Technology Business
Investcorp

“We invested in Calligo because of its strong position in the attractive and growing data privacy and managed services market. We are pleased with how the talented team at Calligo has established the company as one of the global leaders in managed services, even forging a new area in privacy-focused managed data services, with a successful history of acquiring and integrating complementary businesses. We look forward to continuing to work together seeking to capitalize on the many organic and inorganic growth opportunities in the current environment.”

Julian Box, Founder and CEO of Calligo, appended: “With the addition of Itomic Voice & Data, we are now one of the largest IT service providers in Ireland, with a sizeable presence in both Cork and Dublin – Ireland’s two largest economic regions – and the capability to serve businesses throughout the country. We focused our current expansion strategy on Ireland because of its growing number of innovative businesses developing new data-reliant tools and services. We believe Irish businesses stand to gain enormously from our services and expertise, particularly in international data privacy.”


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