The expansion will help PFH meet rising demand in its cloud and managed services division prompted by Covid-19.
Irish ICT group PFH has announced the acquisition of Dublin tech company TerraAlto and the creation 100 new jobs in Dublin, Cork and Galway.
TerraAlto is an Amazon Web Services (AWS) partner in advanced consulting and managed services. It helps clients across Ireland, Europe and Asia with digital transformation by providing AWS services to bring IT platforms and applications to the cloud.
The new jobs will help PFH meet rising demand in its cloud and managed services division. With bases in Cork, Dublin and Galway, PFH has 700 employees, 600 of whom work in technical positions across managed and consulting services.
“This acquisition by PFH further strengthens our service propositions across the ICT spectrum as digital transformation accelerates,” said Paul Hourican, chair of PFH. “We are building on our existing cloud capabilities to offer a more comprehensive public and multi-cloud strategy to our clients.”
Hourican, who founded PFH in 1985 and is the former CEO, said that the market for private, hybrid and public cloud infrastructure “is expanding exponentially”, with PFH poised to meet that demand with the acquisition of TerraAlto.
“Demand has also been fuelled by Covid-19, with many enterprises deciding they no longer want to manage their own technology infrastructure, preferring instead to move to the cloud,” he said.
This year, PFH has seen a 41pc increase in revenue over the previous year and it is forecasting revenues of more than €160m for 2022. Partnered with leading tech companies in Ireland such as Dell, HP and Microsoft, PFH has clients including Government and semi-State organisations, as well as pharma, finance and multinational companies.
“This is a great opportunity for TerraAlto, as part of the PFH technology group, to become the number one Amazon Web Service provider in Ireland and Europe,” said Cormac Hogan, founder of TerraAlto. “We will continue to provide fast and flexible delivery of AWS solutions with the additional scale and experience that PFH brings.”
The acquisition and new jobs are part of a three-year plan by PFH to expand its offerings with a focus on increasing revenue share per customer, with more targeted acquisitions in Ireland and the UK in the pipeline.
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