Presidio, a leading North American IT solutions company, has announced that it has entered into a definitive agreement to acquire Ireland-based Arkphire. Arkphire serves customers internationally across more than 90 countries. The move is expected to help Presidio expand its business across Europe and the Asia Pacific.
Arkphire helps its customers with their digital transformation by providing integrated technology solutions that span end-user compute, networking, cybersecurity, cloud, and data center. Presidio CEO Bob Cagnazzi said: “Presidio was attracted to Arkphire by the quality of its portfolio of solutions and services, and the customer-centric culture of excellence that characterized the management team. The acquisition is expected to provide Presidio an opportunity to assimilate Arkphire’s best practices into our own in the US while providing Presidio a platform to scale our ambitions in Europe and Asia Pacific.”
The deal's financial terms were not disclosed, but the transaction pertaining to it is expected to close in first quarter of 2021.
Commenting on the development, Paschal Naylor, CEO of Arkphire said: “We are in the business of enablement. Being part of the enlarged Presidio family will open up many new possibilities and provide us with a natural partner to support the IT needs of our customers, regardless of where they want to do business.”