Clearwater advises ICT Project Management Limited on its sale to ActionPoint Group

Transaction

ICT Project Management Solutions sold to ActionPoint

Sell-side

Undisclosed

Role

Adviser to ICT Project Management Limited on its sale to ActionPoint Group

Sector

Tech & Tech Services

Region

Ireland

Clearwater has advised ICT Project Management Limited, a managed IT services company on its sale to multi-award winning Irish digital transformation services business, ActionPoint Group (ActionPoint).

Founded by Barry Byrne in 2002 and headquartered in Ballymount, Dublin, ICT Project Management specialises in the design, implementation and maintenance of IT Services across a variety of businesses and sectors including; biotechnology, legal, financial services and manufacturing.

ActionPoint is a digital transformation services specialist that provides a range of technology services that focus on helping companies to grow and scale through the design, development and delivery of bespoke software development and managed IT services. ActionPoint’s customers include Munster Rugby, National Lottery and the Department of Foreign Affairs amongst many other Irish, US and UK based clients.

The addition of ICT Project Management will bolster ActionPoint’s presence across Ireland and assist ITC’s client base to the fullest potential. This is the second acquisition for ActionPoint in the last three years.

We are delighted to be partnering with ActionPoint in the next chapter of our journey and bolstering our service offering with cloud, digital transformation and software development expertise. It will be business as usual for our existing customers and partners, and in time they will benefit from the additional expertise that this new partnership brings. We have thoroughly enjoyed working with John and the Clearwater team who helped us realise a strong value and provided excellent strategic advice.
Barry Byrne, ICT Project Management founder and Managing Director

We are delighted to announce this partnership with ICT Project Management. Today’s news is another significant milestone for ActionPoint as we expand our strong national presence into Dublin. I am truly proud of our team that has driven this expansion. We now have an extensive client base that includes the whole island of Ireland, the UK, and the US. Without their dedicated work, today’s announcement would not have been possible. Barry and the team have built a reputation for excellent customer service and technical expertise over the last 19 years, and we are excited to add ActionPoint’s capability to support ICT’s customers in their digital transformation journey.
David Jeffreys, CEO, ActionPoint

It has been a pleasure working with Barry and the ICT Project Management team to facilitate this transaction. ICT Project Management is a highly complementary acquisition for ActionPoint Group, adds further scale and strengthens the service offering for their client base. We look forward to seeing what the combined businesses can achieve in their next phase of growth.
John Sheridan, Managing Partner, Clearwater

Advisers

John Sheridan

Managing Partner +353 1 912 1721 john.sheridan@clearwatercf.com Connect

Daniel Lavelle

Director +353 1 912 1726 daniel.lavelle@clearwatercf.com

Michael Quinlivan

Director +353 87 752 7645 michael.quinlivan@clearwatercf.com Connect

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