Business

Belfast IT firm Neueda acquires Bristol’s Conygre in “multi-million dollar” deal

L-R: Nick Todd, Conygre CEO; David Bole, Neueda director and founder, with Kevin Corrigan, Neueda chief operating officer.
L-R: Nick Todd, Conygre CEO; David Bole, Neueda director and founder, with Kevin Corrigan, Neueda chief operating officer. L-R: Nick Todd, Conygre CEO; David Bole, Neueda director and founder, with Kevin Corrigan, Neueda chief operating officer.

BELFAST IT firm Neueda Training has acquired Bristol-based cloud-engineering consultancy Conygre.

The value of the deal has not been disclosed, but Neueda’s announcement described it as a “multi-million dollar acquisition”.

It comes less than two years after Neueda’s consultancy division was acquired by Irish services group Version 1.

Neueda’s training division continues to trade separately. It’s based at Stirling House in Castlereagh Business Park.

Founded in 2002 as a training consultancy business, the company now has offices in Singapore and Vancouver, supporting clients such as Morgan Stanley, Allstate, Citi, Royal Bank of Canada, Dell and Ericsson.

The company said the addition of Conygre will bring clients such as Rolls Royce, Jaguar Land Rover, Visa, Lloyds Banking Group and the NHS into its fold.

Neueda said the combined forces of both companies will further enhance their client portfolios in many of the world’s largest financial services, telecoms, automotive and technology firms and help businesses attract and retain top talent.

“Our 10-year partnership with Conygre delivering training programmes across the Americas, Asia and Europe has given us the opportunity to see them in real action", said Neueda director and founder, David Bole.

“The team continues to impress us with their cloud-engineering expertise and the acquisition is part of our deliberate strategy to offer the best technology training solutions to the market.

“Together we will help our clients continue to future-proof their teams, strengthening employees' knowledge and commitment to their companies.”

Conygre’s chief executive, Nick Todd added: “The technology industry is constantly evolving at a rapid pace, so cutting edge training is key to staying relevant.

“Our bespoke training programmes perfectly align with Neueda’s high working standards, making the partnership extremely strategic and robust.

“A time-tested partnership with Neueda’s visionary pathway proves this a smart alignment in extending our joint technology skills training for customers globally.”