Merged IT company aims to create 15 jobs
IT services firm IT Focus and Team DBA have announced a merger that is anticipated to create 15 new jobs.
The new company, which will trade under the name of IT Focus, will be headed by Edel Creely. Creely was formerly managing director of Datapac’s information technologies and business solutions companies and left the organisation earlier this month.
Neil Stone-Wigg, the founder of IT Focus, has stepped down from his role of managing director to become chief technology officer of the newly formed company.
Stone-Wigg, who established the company in 1998, decided to appoint a new management team for the business as it entered into an expansion phase. Jed Glover, the former managing director of Team DBA, will become operations director of the new company.
Creely said the deal took the form of a pure merger and there was no financial consideration involved. While both companies operated in the IT services sector, they had complementary capabilities, she said. IT Focus is a traditional ICT reseller and solutions provider, while Team DBA’s expertise lay more in the arena database services. Creely believed that there will be significant opportunities to cross-sell into both firms’ customer bases.
IT Focus will create 15 jobs as a result of the merger, with some positions already advertised and the remainder likely to be filled during the coming months. Creely said she wanted to position the company in more of a consultancy role and would market it as ‘‘trusted advisors’’ on IT services to clients.
She also has plans to expose the firm’s client base to newer technologies, such as Green IT and cloud computing.
Creelydec lined to comment on what the combined turnover of both firms is or on what revenue targets the firm would have in its first year. The most recently filed abridged accounts for IT Focus indicate that it made a small profit in the year ending December 31, 2009, and has accumulated profits of €343,000.TeamDBA booked a €1,000 loss in the year ending August 312008 and had ac cumulated profit s of €65,000.
Following the merger, Creely predicted that further consolidation could take place in the sector. ‘‘We’ve seen some of it already and I certainly feel there is more to come. It is an area that we are certainly willing to explore.
‘‘We have a plan to develop the business into a market leader,” she said.
