MSP M&A: Viatel Acquires SupportIT, Continues European Managed Services Expansion

MSP M&A: Viatel Acquires SupportIT, Continues European Managed Services Expansion

  • Technology
  • July 8, 2022
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  • 4 minutes read


Viatel Technology Group has acquired SupportIT, a managed IT service provider (MSP) based in Dublin, Ireland. The agreement is expected to increase Viatel’s annual revenue to about 70 million euros (US $ 71 million). The financial terms of the acquisition agreement were not disclosed.

This is the No. 614 technology mergers and acquisitions agreement that ChannelE2E has covered so far in 2022. Check out more than 1,000 technology mergers and acquisitions deals involving MSPs, MSSPs, and IT service providers.

Viatel: Ireland’s leading managed IT service provider?

SupportIT, founded by Joe McGivern in 2004, has 18 employees on LinkedIn. The company specializes in the design, implementation and maintenance of computer services. SupportIT’s clientele spans more than 200 companies and organizations.

Viatel Technology Group, founded in 1991, has 305 employees on LinkedIn. The company is positioned as Ireland’s leading independent provider of solutions for connectivity, cloud and security requirements.

SupportIT is Viatel’s second MSP acquisition in 2022 and the seventh in the last two years. The other recent deal involved the purchase of Microsoft partner ActionPoint in January 2022.

MSP M&A: Executive Perspectives

Paul Rellis, CEO, Viatel

In a prepared statement on the acquisition of SupportIT, Viatel CEO Paul Rellis said:

“We are pleased to announce this acquisition, which demonstrates the continued belief we have in our ActionPoint team and business, and points to a greater growth opportunity for all of us.”

David Jeffreys, CEO of ActionPoint, added:

“We are thrilled to form a team with supportIT. Joe and the team have built a reputation for excellent customer service and technical experience over the past 18 years, and we are bringing ActionPoint’s ability to support “We offer IT services while expanding our footprint in Dublin,” Jeffreys added.

Featured Joe McGivern, managing director of SupportIT:

“We are excited to partner with ActionPoint and Viatel Technology Group in the next chapter of our journey and strengthen our range of services with experience in digital transformation and software development.

“This is a very exciting day in the history of our company. From the beginning, supportIT has focused on helping companies get more out of their IT by providing simplified effective solutions, with a hard focus on a superior customer experience.

Venture Legal Services acted as Viatel’s attorney in the acquisition.

MSP and M&A technology services: Strong activity in Dublin, Ireland

Meanwhile, mergers and acquisitions activity in Dublin, Ireland, remains strong. Local buyers and investors so far for 2022 include Accenture, Aptiv, CWSI, Ergo and Velosio, according to the ChannelE2E report.



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