Maxima Ireland in management buy-out
Company to trade under Zinopy brand
TechTrade | 15 May 2012 :
Maxima Ireland has announced the acquisition of its Irish operations by its management team, led by Aidan McEvoy and Brendan Matthews. The buy-out is supported by Zinopy, a provider of security products and services.
Maxima Ireland will trade under the Zinopy brand going forward and Aidan McEvoy and Brendan Matthews will assume the roles of sales director and operations director respectively, joining John Ryan CEO and Ger Coakley, finance director on the Zinopy Board.
The two divisions of Zinopy will continue to focus on their core competencies, one focused on Virtualisation and Cloud Computing and one focused on Security. The combined entity will have revenues in excess of €7 million and a staff of over 30 staff based in its Blanchardstown office.
Commenting on the buy-out John Ryan, CEO of Zinopy, said: "We are very excited by this transaction as it gives us significant scale in the Irish market and positions the combined entity competitively in two of the fastest growing IT sectors in Ireland: virtualisation, cloud computing and security."
Sales director Aidan McEvoy said: "We can see only positive outcome for our customers, who will continue to receive normal service from Maxima Ireland, with the added benefit of scale and the ability to address our customers concerns regarding security."