iSite Web Technologies, advised by International M&A consultants BCMS, have been acquired by Ergo, the Irish cloud computing and IT managed services provider.
iSite Web Technologies, trading as iSite, is a specialist provider of CRM software solutions and business services for a range of end-user clients in both the private and public sector. Located in Dublin, Republic of Ireland, the company serves international organisations and leading brands, such as Intel, Vodafone and Tourism Ireland.
Ergo, operating internationally from its head office in Dublin, was established in 1993 and currently employs 200 people. Ergo is an IT partner for a number of international organisations including Ardagh Group, ICON and Primark.
Dave Muldoon, CEO of iSite Web Technologies, said "With Ergo we immediately move up to the next level. We can attract more talent, offer customers more depth and our people even stronger career paths. It's very exciting for everyone."
Commenting on the deal John Purdy, Chief Executive of Ergo, said: "With the acquisition of iSite we're welcoming 110 people into the company and in addition to this are planning to increase headcount by 120 more over the next two years or so with high-level roles in areas such as solution architecture, SharePoint, CRM and Business Intelligence."
BCMS deal leader Alan Southcombe, who managed the transaction, added: "iSite have always been passionate about their business, particularly in meeting the needs of their clients. Ergo is the ideal acquirer, having both a common ethos with iSite, and the strength and scope required to realise the full potential of iSite's CRM and Resourcing offering."
International M&A advisor BCMS acted as lead advisor to the vendors. As part of its advisory work, BCMS approached 294 potential acquirers and received serious interest from 41 companies. The iSite shareholders met with four organisations for advanced stage discussions, before moving forward with final negotiations.