MBO at Maxima Ireland, becomes part of Zinopy

15 May 2012

Virtualisation and cloud computing firm Maxima Ireland’s management team have led a management buyout of the company in a deal supported by security firm Zinopy. Maxima Ireland will trade under the Zinopy brand.

Maxima’s Aidan McEvoy and Brendan Matthews will assume the roles of sales director and operations director respectively, joining John Ryan, CEO, and Ger Coakley, finance director, on the Zinopy Board.

The two divisions of Zinopy will continue to focus on their core competencies, one focused on virtualisation and cloud computing and one focused on security.

“This transaction gives us significant scale in the Irish market and positions the combined entity competitively in two of the fastest-growing IT sectors in Ireland – virtualisation/cloud computing and security,” Ryan said.

The combined entity will have revenues in excess of €7m and a combined staff of more than 30 people based in the Dublin offices in Blanchardstown.

“We can see only positive outcome for our customers, who will continue to receive normal service from Maxima Ireland, with the added benefit of scale and the ability to address our customers’ concerns regarding security,” added McEvoy.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years