Mazars Corporate Finance Advise Storm Technology on its Acquisition of Ciall
Storm Technology is an Irish owned digital enterprise consultancy that specialises in building digital solutions to help clients gain better value faster from the investments they have made in Microsoft technologies.
They work with a diverse range of companies, both Irish and International, across many sectors and have offices in Dublin and Galway.
Karl Flannery, CEO, Storm said: “We believe this acquisition is a great move for both companies, our clients and our people. Our clients will benefit from the additional expertise we can now offer. Our people will benefit from incremental opportunities to develop their skills and talents across an extensive portfolio of solutions. We would like to thank Mazars Corporate Finance for it advice and management of the acquisition process.”
The acquisition brings a 25% increase to Storm’s revenues, expands its client base, deepens its product and service offering and brings its headcount to more than 100 staff.
John Bowe, Partner Mazars Corporate Finance, said; “This is a great acquisition for Storm as it really enhances its product and service offering to existing customers, new customers and the Ciall client base. We expect more consolidation in this sector as the market is fragmented, companies will look for scale and to broaden their capabilities. With this acquisition, we feel Storm is positioned to be a consolidator."
Mazars Corporate Finance is a full service corporate finance offering advising clients on selling their business, funding growth through debt or equity, MBO’s and acquisitions. We are a member of a global partnership active in over 90 countries across five continents. With offices throughout Europe, North America, Asia Pacific and Australia, our international reach ensure clients achieve the optimum results. Samples of deals completed this year are outlined below.