Ergo, Ireland’s largest privately-owned Irish IT services company, has announced the acquisition of BoatyardX, a custom software development company based in Dun Laoghaire. Established by Garry Lyons and Brian Barter in 2018, BoatyardX has expertise building cloud based custom software for clients in FinTech, Payments, e-Commerce and IoT sectors, according to BusinessPlus.ie.
Clients range from large enterprise looking to build new products or re-build existing offerings for the cloud, as well as larger start-ups. Services provided range from initial solution discovery and design through development and longer term support.
The company has customers in North and South America, Europe, Northern Africa and South-East Asia.
Ergo said there growing demand for bespoke business critical applications and to build new products that address emerging market opportunities.
At the start of the year, Ergo acquired Asystec, taking annual revenue over the €150m mark.
Originally developed as part of Shipyard Technology Ventures, BoatyardX was recently nominated for Technology Ireland’s Outstanding Achievement in International Growth Award achieving more than €10m in international sales in its first three years.
BoatyardX services are delivered through teams based in Dublin, Cluj-Napoca in Romania, and Columbia.
Shipyard Technology Ventures Ltd, where Lyons is the controlling shareholder and Mastercard an investor, has called up share capital of €10.5m. Start-up losses to end 2021 were €4m.
Lyons worked as Chief Innovation Officer at Mastercard from 2010 to 2018.
Shipyard Technology Ventures as holding company has subsidiaries Sylon Solutions Ltd, Sylon Solutions Inc., BoatyardX Ltd, BoatyardX srl, Financhor Ltd, ExAnte Consulting Ltd, SmartSwitcher Ltd, and Marina Data Ltd.
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