-Second acquisition in 2023 –
Ireland’s largest, Irish owned Managed IT Services Provider, Nostra has recently acquired Dublin based IT firm, Definitive Solutions. This is the second acquisition made by Nostra in 2023 and the sixth firm it has acquired since the company embarked on its expansion and growth strategy.
Just two weeks ago, Nostra announced that it had acquired Galway based, Passax, a company with expertise in telecoms and cloud-based PBX solutions. It is the second of a number of strategic acquisitions which Nostra hopes to complete in 2023 and which are aligned with Nostra’s long term expansion and growth.
The latest acquisition of Definitive Solutions will now join the string of companies Nostra has purchased and will add an additional €5 million to Nostra’s annual turnover
which is expected to reach €50 million by the end of 2023.
Definitive Solutions was founded in 1999 by Peter Meade, the company delivers IT managed services, cloud and security solutions to its SMB and Enterprise clients throughout Ireland and internationally. Peter Meade will stay on with the business in order to continue to service clients. The acquisition now brings Nostra’s headcount to 290.
Nostra acquired Brandon in 2020 and over the last number of years has been strategically acquiring IT and MSP businesses which add value and expertise to its own offering. The acquisition of Definitive Solutions is the second firm Nostra has bought this year and it has planned several more acquisitions by the end of 2023. To date Nostra has acquired Tech Department, Emit, Brandon, Enclave, Passax and now Definitive Solutions.
Kevin O’Loughlin, CEO of Nostra said, “Definitive Solutions is an exceptional company which boasts an impressive client retention record of 98%. Nostra has long been an admirer of the business, it has a fantastic team of hard-working seasoned IT professionals and we are looking forward to working with our new colleagues and to adding even more value and expertise to your clients,”
He went on to say, “Our business strategy is based on organic growth and expansion through acquisitions. We will continue to acquire businesses which will widen our customer base, expand on our expertise, and add to our technical prowess. Very early on we identified businesses which we had ambitions to acquire in order for us to grow and to deliver further expertise to our clients. We are working on closing a number of other acquisition deals and also have several job openings available across all departments included engineering, sales and marketing among others.”
Nostra’s headquarters is based in Parkwest Business Park in Dublin and it also has satellite offices in Galway, South Africa and in Bulgaria. For more see www.nostra.ie
Nostra’s advisors were Gareth Cosgrove in Grant Thornton with legals conducted by Rory O’Malley from McCann Fitzgerald and banking by Bank of Ireland. Definitive Solutions was advised by Michael Hussey in Davy’s while Flynn O’Driscoll handled the legals.