Cloud economics are working in Codec’s favour.
Irish tech company Codec is planning to acquire two new companies – one in infosec and the other in enterprise resource planning (ERP) – and hire 100 people in the year ahead.
The company, previously known as Codec DSS, is expanding fast. In June, it announced 50 new jobs in Galway as part of a €2.5m investment after acquiring Vulcan Solutions a year earlier.
‘We are extremely ambitious and, while we continue to grow organically, we are looking [into] acquiring one or two businesses, either Northern Ireland, UK or here in Dublin’
– JOHN RODDY
Codec, recently named Microsoft Country Partner of the Year, already employs more than 180 people across seven offices in Dublin, Belfast, Cork, Galway, London, Poland and Germany.
Ambitious growth plans
Codec is planning to recruit a further 80 employees across the Republic of Ireland, which it will ramp up in the first quarter of 2018, as well as an additional 20 members of staff for its Northern Ireland office. It hopes to have these new hires by the end of January 2018.
Codec was founded in 1985 by Tony Stafford and the business is now run by his son, Ronan.
In the past quarter, accumulated sales generated more than €10.2m, with the company gaining business in areas such as banking, insurance, pharmaceuticals, e-tail, and with government agencies in Northern Ireland and the Republic of Ireland.
Codec is driving a lot of business towards the cloud, and sales for the Q3 period are in excess of 350pc, mainly due to new business wins in the e-tail sector.
According to Codec’s commercial director, John Roddy, the company is on an aggressive acquisition course.
“We are looking to acquire two companies: one in infosec, and another company which is compatible to us specialising in Microsoft ERP.
“As talks are at an advanced stage with one firm, we hope to land an infosec company within the final quarter of the year.”
Roddy continued: “We are extremely ambitious and, while we continue to grow organically, we are looking [into] acquiring one or two businesses, either Northern Ireland, UK or here in Dublin.”