Merger will create a €30m Irish technology powerhouse

24 Nov 2008

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The merger today between Hibernia Technology Group and Evros – The Computer Centre will create a new company with a combined turnover of over €30m and 80 employees countrywide.

The new company, Hibernia Evros Technology Group (HETG), will be in a position to offer high-end solutions to major enterprises, as well as providing flexible solutions for SMEs.

HETG will relocate its new head quarters to the state-of-the-art corporate offices in Cherrywood. Only newly opened in 2008, the original Hibernia Dublin offices will easily accommodate the influx of Evros professionals.

The new company will employ 80 people at nationwide offices, and in Dublin, Waterford, Cork, Kildare and Limerick.

As a result of the merger, HETG will boast more than 50 engineers, allowing the new company to offer services to larger Irish and multinational enterprises within Ireland, and also to enter into the UK marketplace and further abroad.

The new joint managing directors are Bob Murray, previously managing director of Hibernia, and Caroline Godsil, previously managing director of Evros. In addition, Brian Larkin and John Kennedy, both previously directors of Hibernia Technology Group, are now operations and sales director respectively of the new combined entity.

“Hibernia and Evros came together largely because of a commonality of business ethics and determination to provide the best ICT solutions available in Ireland today,” Caroline Godsil explained.

“The synergies between the two companies are remarkable, and will allow the new company to capitalise on the existing attributes of both companies, and to carve out new niches in this competitive market.

“The merger of Hibernia and Evros comes at a challenging time in our economic development in Ireland. As the economy slows down, companies seek better quality, faster services, improved efficiencies – and all at a competitive price. We believe we are better placed to offer those improvements through our new company,” Godsil said.

Hibernia was founded in 1990, and has offices in Dublin, Limerick and Kildare. Hibernia Technology Group is a privately owned Irish company with a combined turnover in excess of €18m per annum, and employs 40 people. Evros was formed in 1988, and has offices in Waterford, Cork and Dublin, as well as engineers strategically located in other areas.

“The synergy between the two companies is perhaps best illustrated by the fact that our customer bases do not overlap, and that we will be actively hiring new staff to fill in the few remaining gaps in the two companies,” Bob Murray explained. “This is very much a constructive merger, with positive benefits for clients, staff and partners.

“We have a superb opportunity to offer consistent, quality services to a broader range of customers, yet still maintain our combined ambition of offering large corporate services in a small, flexible account manner,” Murray added.

By John Kennedy

 

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com