EccoIT and cybersecurity company has significantly expanded its UK operations. blue cube. Financial terms of the deal were not disclosed, but the move will increase the company’s revenue by more than 150 million euros (about $162 million) and is Ekco’s largest acquisition to date.
This is the 324th technology M&A deal that ChannelE2E and MSSP Alert has covered so far in 2023. His over 2,000 technology M&A deals from 2023, 2022, 2021, and 2020 are listed here.
Ekco was founded in 2015 and is based in Dublin, Ireland. The company has 297 employees and he is listed on LinkedIn. Ekco’s areas of expertise include managed security services, cybersecurity, managed infrastructure, managed cloud, consulting, managed backup, disaster recovery as a service, SOCaaS, managed XDR, networking, endpoint detection and response, and managed SIEM. will appear.
Bluecube was founded in 2003 and is based in Milton Keynes, UK. The company has 159 employees and he is listed on LinkedIn. Bluecube’s areas of expertise include IT Support, Outsourcing Solutions, Software Development, Managed Services, Business Continuity/Disaster Recovery, IT Consulting, IT Solutions, Managed Backup, Azure, Cloud, Office 365, AWS, Google, Cyber Security, Incidents Compatible with, and cloud solutions.
Ekco’s acquisition of Bluecube is seen as a strategic step to strengthen Ekco’s managed services offering and cybersecurity capabilities. Blue Cube’s existing 24/7 security operations center in Milton Keynes will play a vital role in providing dedicated IT security services to Ekco’s customers in the UK, the company said.
Ekco acquires Bluecube: Executive insights
Jonathan Crowe, co-founder and COO of Ekco, commented:
“Organizations rely on MSPs for critical IT services. This acquisition will allow us to expand our excellent service offerings to both new and existing customers. It is an important part of our growth strategy, which focuses on providing solutions.”
James Hawker, CEO of Bluecube, added:
“Our team’s customer-centric approach aligns closely with Ekco’s values. This acquisition will benefit both our staff and customers.”
Ekco’s growth trajectory
Ekco has expanded rapidly in Europe through both organic growth and strategic acquisitions. The company’s presence extends to the United States, with an office in Boston. In just four years, Ekco’s team has grown to more than 860 people, of which nearly 600 are engineers.
Prior to acquiring Bluecube, Ekco acquired Radius, a Waterford-based company specializing in IT services for small and medium-sized businesses. Previous acquisitions in the UK include xTEN and iSYSTEMS, both of which strengthen Ekco’s expertise in cloud migration and managed services. In 2022, it also acquired Unity Technology.
financial support
In 2023, Ekco secured support from Corten Capital, a London-based fund focused on B2B technology platforms. This support is a testament to Ekco’s solid growth strategy and market position.