Belfast Telegraph

Lisburn IT firm's new owner set to double workforce to 40

By Margaret Canning

Around 20 new jobs are to be created at an IT services company in Lisburn after it was sold to an Irish firm.

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.

ActionPoint said it had paid an undisclosed sum to snap up P2V Systems, a Microsoft Cloud Services company in Lisburn that works with clients in the public and private sectors.

The Irish firm, which has offices in Limerick, Dublin, Cork and Galway, has clients including Munster Rugby, Analog Devices and Johnson and Johnson.

It recently carried out a major project for the Republic's Department of Foreign Affairs and Trade as its passport office introduced an online system for renewal.

P2V employs around 20 people, and its new owner said it would be creating 20 new jobs focused on IT and sales.

The deal leaves ActionPoint with combined turnover of £18m and a combined workforce expected to reach 100 by the end of the financial year.

Stephen McCann, P2V Systems chief executive, said: "We are delighted by the value this partnership provides to our customers and partners.

"As an established and award-winning Microsoft Solutions provider in Northern Ireland, we are strengthened by this acquisition and look forward to expanding our portfolio of existing services to include custom software development, internet of things and artificial intelligence to best service our customers in Northern Ireland."

Mr McCann is now chief technology office and will work across the UK market for ActionPoint.

ActionPoint chief executive David Jeffreys said the deal would add value for customers.

"Over the past decade, ActionPoint has always had a singular focus: enabling our clients to reach their potential, using the power of technology," he added.

"Our news today expands our reach and allows us to bring our award-winning and world-class services to new markets.

"This acquisition will enhance our all-island approach to the provision to transformative IT services and will further reinforce both our technical capabilities and geographical reach."

Stephen McCann set up P2V Systems in 2008. It has won major awards over the past 10 years, including Microsoft Gold Partner status and has been placed in the top 10 of the Deloitte Fast 50 twice.

It has also received a global Microsoft award for its work with Microsoft Azure and cloud solutions.

The company's headquarters are in Longstone Street in Lisburn, but it also has offices in Dublin and London.

In 2016, P2V announced plans to double its workforce, with the creation of 14 new jobs.

Invest Northern Ireland gave the company an employment grant of £98,100 towards the new positions.

The then Economy Minister, Simon Hamilton, praised the company's expansion.

ActionPoint has been named in the Deloitte Technology Fast 50 over the past five years.

Belfast Telegraph

Weekly Business Digest Newsletter

This week's business news headlines, directly to your inbox every Tuesday.