IT, safety and telecommunications firm based mostly in Waterford SCS acquired a enterprise cellphone system supplier Fixaphoneadditionally based mostly in Waterford, for an undisclosed sum.
HCS expects its income to achieve €1 million inside the subsequent three years with the acquisition, which can see the addition of 750 Fixaphone enterprise telecom clients to its portfolio, a rise of 125%.
Fixaphone specializes within the sale and upkeep of on-site telephony for personal department exchanges (PBXs) for small companies, whereas HCS provides fashionable telecommunications options hosted within the cloud.
HCS mentioned the transfer will enable it to supply each buyer bases “with an enhanced service providing because the shift to the cloud continues in earnest.”
Fixaphone shall be built-in into HCS and marketed beneath the HCS model with rapid impact. HCS mentioned the acquisition would strengthen its telecommunications gross sales workforce and allow it to cross-sell to each buyer base.
Fixaphone clients embody Brothers of Charity Providers, Keeling’s, Fitzgerald Energy Chartered Accountants and Mount Congreve Property. HCS makes use of expertise from Microsoft, Fortinet, Dell and Zultys.
“We’re thrilled to announce this acquisition and welcome Fixaphone to our workforce,” mentioned Sean HegartyCOO at HCS.
“Merging the pool of information and expertise that Fixaphone brings with our fashionable telecommunications options will give us a robust benefit. We sit up for leveraging this as we proceed our upward progress trajectory.
“In right this moment’s hybrid work surroundings, efficient enterprise communication is paramount. We imagine we’re properly positioned because the shift from on-premises to cloud accelerates and conventional non-digital telephony turns into out of date.
“This acquisition will strengthen our telecommunications service choices, in order that we are able to present our clients with the very best options to permit them better flexibility and permit them to develop.”
Mick Foley, CEO of Fixaphone: “HCS is a frontrunner within the area of hosted telecoms, so I’m delighted that we’re becoming a member of forces. By combining our abilities, we are able to present an enhanced degree of service and assist to our present and potential clients.
“Whereas applied sciences and platforms evolve, the telecommunications data and expertise gathered with Fixaphone over the previous 20 years shall be invaluable on the following leg of the journey. Now we have a golden alternative to leverage one another’s experience to speed up our joint progress.
Abridged accounts for the 13-month interval ending final March present HCS had web property of €174,000 after making a revenue of €65,000, in comparison with €109,000 in 2020-21. The corporate employs 8 individuals, with administrators’ compensation amounting to €133,000.
HCS lately introduced plans to create 5 jobs as a part of €1.13 million investment to speed up its progress in cybersecurity. This funding is an element of a bigger entire 3.2 M€ of efforts to double the workforce and turnover of HCS over the following three years.
Pictured: (lr) Mick Foley and Sean Hegarty.
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