Investcorp, a global provider and manager of alternative investment products, has announced that its portfolio company Calligo Limited, the world’s first end-to-end managed data services provider, has acquired Itomic Voice and Data Ltd. Itomic is a Cork and Dublin-based IT managed services provider, specializing in IT solutions and maintenance and managed Microsoft 365 and Azure services.
Founded in 2012, Jersey-based Calligo puts data and its privacy at the heart of a tailored collection of managed data services for SMEs and enterprises, including IT managed services, managed cloud services, data privacy services and privacy-by-design machine learning services. Investcorp Technology Partners via Investcorp Technology Fund IV backed Calligo in 2016 and has invested more than $20 million into the company since then to help accelerate its product innovation and international expansion plans, both organically and through targeted acquisitions.
Gilbert Kamieniecky, managing director and head of Investcorp’s private equity technology business, said: “We invested in Calligo because of its strong position in the attractive and growing data privacy and managed services market. We are pleased with how the talented team at Calligo has established the company as one of the global leaders in managed services, even forging a new area in privacy-focused managed data services, with a successful history of acquiring and integrating complementary businesses. We look forward to continuing to work together seeking to capitalize on the many organic and inorganic growth opportunities in the current environment.”
Julian Box, founder and CEO of Calligo, added: “With the addition of Itomic Voice & Data, we are now one of the largest IT service providers in Ireland, with sizable presence in both Cork and Dublin — Ireland’s two largest economic regions — and the capability to serve businesses throughout the country.”
