Cyber security firm Conscia have entered the Irish market by acquiring PlanNet21 Group.
The Irish firm is a well established technology solutions and service provider in the domestic market.
It has like Conscia , which operates in the UK and Europe, been operating in both the public and private sector.
The two companies have been working with cybersecurity, secure networking, IT infrastructure and hybrid cloud solutions for more than 20 years.
“I am very pleased to welcome customers and the highly competent people from PlanNet21 Group to Conscia and we look forward to working together in Ireland and on all our combined markets.
"There is a commercial and cultural fit that will create a very compelling customer proposition,” said Group CEO Erik Bertman, Conscia.
PlanNet21 Group has revenues of close to €70m in 2022/23.
The company is headquartered in Dublin, Ireland, with regional offices in Cork, Galway, Belfast and Edinburgh in Scotland.
The PlanNet21 Group has approximately 300 customers in the public sector and enterprises, primarily within the technology, media, telecom and government sectors.
Conscia designs, implements, and manages secure cybersecurity and networking services and solutions.
The company supports more than 1,000 customers across Europe in finance, healthcare, manufacturing, utilities, retail, and the public sector.
It is represented in Denmark, Germany, Norway, Slovenia, Sweden, the Netherlands, and the UK and is owned by a leading sector-specialised private equity.
Conscia has shown remarkable growth organically and through acquisitions over the years, and the combined current business including PlanNet21 Group generate revenue in excess of €700m in 2022/23.
“With Conscia we can accelerate our development through enhanced customer offerings and a pan-European presence.
"They bring financial strength and scale in networking competencies, and their edge as a cybersecurity leader with award-winning services and solutions coupled with data insights through their platforms for Managed Detection and Response and Security Information and Event Management makes them an attractive owner for us,” says CEO Peter Carroll,PlanNet21 Group.
PlanNet21 Group works across enterprise networks, security, cloud, data centre, unified communications and collaboration as well as contact centre services and bespoke software development solutions.
“Nordic Capital is delighted to be part of Conscia’s growth journey and its continued international expansion strategy.
"The perfect fit of PlanNet21 Group, in combination with the strong culture and quality of people of both companies, will enable Conscia to accelerate its growth journey.
"This transaction marks Conscia’s entry into Ireland and strengthens the company’s position as a leading European player providing a full package of cybersecurity and networking solutions and services to customers across markets”, said Rolf Torsøe, Managing Director, Nordic Capital Advisors.
