Global MSP Presidio is acquiring Ireland’s Ergo for an undisclosed sum. The deal will significantly expand Presidio’s presence in Ireland and the UK.
Presidio UK & Ireland’s combination with Ergo will create “a more powerful, agile, and innovative organisation, delivering comprehensive digital transformation capabilities, deeper Microsoft expertise, and an expanded ability to serve local market and multinational clients”, said Presidio.
Founded in 1993, Ergo partners with organisations to deliver trusted, enterprise-grade managed services and cloud-smart solutions. Its expertise spans cloud, security, data and AI, licensing, and IT resourcing for all business verticals.
Ergo holds top-tier accreditations with leading vendors including Microsoft, Broadcom, and Dell, and is recognised globally as an Azure Expert Managed Services Partner, and is currently Microsoft Partner of the Year in Ireland.
“Acquiring Ergo will mark an important step in Presidio’s European growth,” said Bob Cagnazzi, chief executive officer of Presidio. “This will enhance our capabilities in a key market, add proven leadership and expertise, and position us to deliver even greater value to clients across the region.”
“What excites me most about joining Presidio is that they recognise what made us successful: our people, our client relationships, and our commitment to the Irish technology community,” said Paul McCann, chief executive officer at Ergo. “Our team has built something special, and being a part of Presidio will give us the resources and scale to accelerate our growth, while maintaining the culture and client-first approach that defines us.”
The deal is expected to close by year end 2025. At the end of 2022, Ergo acquired fellow Irish MSP Asystec in a €25m deal, which created a company employing over 500 IT pros across Ireland, the UK and North America.
Combined revenues of the two at the time were over €150m, and were forecast to grow to €250m “over the next 3-5 years”, with the number of IT pros expected to double “towards 1,000”. Asystec was Ergo’s fourth acquisition since 2010.
In April 2024, Presidio was acquired by a new investment firm in a multi-billion dollar deal. Clayton Dubilier & Rice (CD&R) bought the $6 billion-turnover company from BC Partners, which maintained a minority shareholding.
With around 6,700 customers, and partner relationships with Amazon, Palo Alto Networks, Microsoft, Google, Cisco and Dell, Presidio has around 3,500 staff worldwide.
