A LISBURN-based IT solutions provider has been acquired by a leading Irish tech firm, creating 20 local jobs.
P2V Systems, an award-winning Microsoft Cloud Services company has been purchased by data, AI, software and IT services provider, ActionPoint for an undisclosed sum.
The deal will see the creation of 20 new jobs in Lisburn over the next two years, with the increased headcount focusing on IT and sales.
P2V Systems CEO, Stephen McCann said the new partnership will provide added value to customers and partners.
"As an established and award-winning Microsoft Solutions provider in Northern Ireland, we are strengthened by this acquisition and look forward to expanding our portfolio of existing services to include custom software development, IoT and AI to best service our customers in Northern Ireland.”
"We have always been passionate about investing in the local community here and creating opportunity. We are thrilled to announce the formation of 20 new jobs over the next two years as a result of our continued expansion," he added.
David Jeffreys, CEO of ActionPoint said they are excited by the opportunity presented by the collaboration, which will enhance the company's all-island approach
“This partnership has created a multitude of synergies and presents immense value add to our customers. P2V Systems is widely recognised as a leader in both digital transformation and Microsoft Cloud technologies, as evidenced by being one of only a handful of companies on the island of Ireland ever to win a prestigious Global Microsoft Award."
ActionPoint, which has offices in Limerick, Dublin, Cork and Galway will now have a combined turnover of £18 million and an expected headcount of more than 100 people at the end of its financial year.
As a result of the acquisition Stephen McCann, who founded P2V in 2008, has been appointed chief technology officer and will continue to drive the ActionPoint business across the UK market.
