Long-standing Cork IT firm Compunet acquired by Nostra

The purchase marks Nostra's fourth acquisition this year as part of its ongoing growth strategy to raise revenue to €250m

Founded in 2006 by Kevin O’Loughlin, Gary Byrne and Senan Finucane, Nostra recently secured investment from Phoenix Equity Partners and opened a Centre of Excellence in Galway, creating 100 new jobs. 

Long-standing Cork IT service provider, Compunet has been acquired by Nostra for an undisclosed amount. 

Operating in Cork for more than 30 years by Rory O’Connor and Bill Maher, Wilton-based Compunet is the latest purchase for Nostra, which has already announced four deals this year as part of an ambitious growth strategy to increase annual revenue growth from €50m to €250m within five years.