Top-rate Northern Ireland firm Novosco now in overseas ownership
One of Northern Ireland's most garlanded home-grown IT firms is in new hands after a £70m deal.
Novosco, which was twice named Overall Business of the Year in the Belfast Telegraph Business Awards, is now part of German company CANCOM - the end of an era of local ownership for the award-winning firm.
Novosco delivers managed cloud, connectivity, security and infrastructure services to mid-market and public sector organisations.
It emerged from the forging together of two firms, with managing director Patrick McAliskey's Real Time Systems first set up back in 1994. The company then came together with John Lennon's 4sol to form Novosco in 2007, and has grown from a workforce of around 35 to 300.
In its latest company accounts for 2018, it reports turnover of £37.6m, an increase of 23%. Pre-tax profits rose by 20% to £3m.
During the year the company also secured additional contracts of £100m, and since year-end had won contracts of £12m.
It is also nominated in the Belfast Telegraph IT Awards in the categories of digital project of the year and best place to work in IT. The company's mission is to be the 'fearless champions of better'.
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