The Viatel Group this week announced the acquisition of fellow Irish telecoms company Ripplecom. Founded in 2009, Ripplecom supplies telecoms and IT security services to many leading Irish businesses and to residential users from their base in Raheen.
The Ripplecom team are the connectivity powerhouse behind well-known names such as Glanbia, Barry Group and the Department of Education.
“I am delighted to welcome the Ripplecom customers and team to the Viatel and Digiweb families. Together we can build something special. We have been very impressed by the capabilities of the Ripplecom team and we are convinced we will have a bright future together. Together I feel we can build a new and even stronger team with the right capabilities and continue to support business and consumer needs for superb customer service, great technology and disruptive solutions.” said Paul Rellis CEO Viatel. “On the back of this acquisition, we will see more consolidation happening in the telecoms and technology market in Ireland and beyond."
Commenting on the announcement John McDonnell, Managing Director of Ripplecom, noted that “Joining forces with Viatel means our customers can access a broad new range of cloud solutions and enjoy 100% connectivity coverage across Ireland and beyond. Our two organisations share complementary core competencies that, combined, form a formidable cloud communications partner. I believe this is a very welcome development for both companies and the wider business community.”
The financial terms of the deal are not being disclosed. In 2021, with the acquisition of Ripplecom, the Group is forecasting revenues north of €38 million with a combined customer base of 3,500 businesses and 28,000 homes.
Ripplecom employ 31 people through their Limerick headquarters. They have been an active and vocal participant in the business scene since 2009. Ripplecom are the official Telecommunication partners of Limerick GAA The company delivers superior telecoms and IT security services to the B2B market and public sector and to many residential customers too.
The Viatel Group is comprised of Viatel partnering with the business sector and Digiweb, providing residential broadband services.
Viatel is an independent, Guaranteed Irish business and a Deloitte Best Managed Company. With over 20 years experience, Viatel’s mission is to deliver complete cloud, connectivity and security solutions that are simple to use and rapidly create value for businesses.
Digiweb provides broadband and voice services to residential consumers. Based in Dundalk, the team are recognised for exceptional levels of customer service consistently earning five stars on TrustPilot.