IT.ie targets €10m in revenue as it acquires Abacus in seven-figure deal

Dublin tech firms join forces for managed IT services

(Left to right) Derek O'Callaghan, managing director of the Abacus Division, IT.ie, Eamon Gallagher, founder and managing director of IT.ie, David McDonald, sales director of IT.ie, Eoghan Johnson, business development director of IT.ie and Stephen Mullin, technical director of IT.ie.

Managed IT services company IT.ie has acquired fellow Dublin firm Abacus Systems in a seven-figure deal. 

Following the deal, the company is forecasting revenues to exceed its previous target of €8m, reaching €10m by the end of 2025. Its workforce, meanwhile, will grow to a team of more than 50.