Investcorp’s Calligo acquires IT services firm Itomic – The National

  • Date: 17-Jun-2020
  • Source: The National
  • Sector:Technology
  • Country:UAE
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Investcorp’s Calligo acquires IT services firm Itomic – The National

The latest deal represents Calligo's seventh acquisition in 3 years. Calligo, an IT services company backed by Investcorp, acquired IT services firm Itomic Voice & Data, based in the Republic of Ireland, for an undisclosed sum.. The deal is Calligo's seventh acquisition in three years and follows its purchase of Dublin-based DC Networks in January, Investcorp said in a statement on Wednesday.. Founded in 2012, Calligo is an end-to-end managed data service provider and offers its services to SMEs and other enterprises.. Investcorp Technology Partners, through Investcorp Technology Fund IV, backed Calligo in 2016 and has since invested more than $20 million (Dh73.45m) to help the company accelerate its product innovation and international expansion plans, both organically and through targetted acquisitions.. Investcorp Technology Partners' most recent investments include Avira, a multinational cybersecurity software solutions firm, Contentserv, a provider of product information management software, Ubisense, an enterprise software and sensor platform and Softgarden, a human resources software provider, among others.. "With the addition of Itomic Voice & Data, we are now one of the largest IT service providers in Ireland, with sizeable presence in both Cork and Dublin - Ireland's two largest economic regions - and the capability to serve businesses