Arkphire acquires Singapore’s Generic Technologies

28 Apr 2020620 Views

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Chris Ambler, head of Arkphire's Asia Pacific business. Image: Arkphire

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With the acquisition, Arkphire hopes to scale its IT services to meet the needs of more customers in Singapore and the Asia Pacific market.

Ireland-headquartered IT firm Arkphire has announced that it acquired Singapore-based IT solutions and services company Generic Technologies.

Arkphire said that the deal is a “landmark acquisition” for the company, supporting its expansion into the Asia Pacific market. The Irish company opened a regional office in Singapore last year.

The move comes just months after Arkphire acquired Irish firm Trilogy Technologies to consolidate its ICT managed services offerings.

With an annual turnover of €5.85m, Generic Technologies is a specialist Apple Authorised Reseller and an Adobe Gold Partner, supporting a network of partners and customers in south-east Asia.

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The Singapore company was set up in 1992 to meet the growing demand from businesses requiring Apple and Adobe technology and support services. Generic Technologies now works with a number of multinational firms, as well as businesses in the digital and creative sector.

The acquisition

With the resources it has acquired from Generic Technologies, Arkphire hopes to scale its service delivery model to meet the needs of customers in the Singapore and Asia Pacific markets with a “stronger and more comprehensive” IT solution offering. Terms of the deal were not disclosed.

Chris Ambler, head of Arkphire’s Asia Pacific business, said: “This latest development will allow us to better support the global requirements of our customers and will enable us to leverage Generic’s existing customer and partner relationships.

“The current global pandemic has regrettably created unprecedented business disruption challenges for all of us. Arkphire is working hard to play our part in supporting our customers in this difficult time by using our expertise to provide secure and effective technology solutions and services to enable and empower their workforces to work remotely as required.”

Following the acquisition of Trilogy Technologies, Arkphire said that its newly enlarged group had a combined employee headcount of 220, with €150m in annual revenue.

Kelly Earley is a journalist with Siliconrepublic.com

editorial@siliconrepublic.com