Irish Tech Firm Intact Buys Blue Rock Systems

BRS’ full team has been retained as part of the acquisition deal, which will see Intact employee numbers increase from 200 to 243 staff across Ireland and the UK.

You complete me. Software and technology solutions provider Intact has acquired Southampton-based Blue Rock Systems (BRS) for an undisclosed sum.

Intact is based in Dundalk and will use the deal to push for UK expansion. The firm provides ERP solutions, has been around for 28 years and works with 2,500 companies.

BRS has been reselling, implementing and supporting Intact ERP systems for over 16 years. It has 150+ customers.

Justin Lawless, Intact CEO, explains: “The acquisition of BRS is part of Intact’s strategy to become the leading provider of ERP and business software solutions in the merchant and distribution sector.”

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Intact says its historic profits helped the self-funded “multi-million-pound acquisition”, without the requirement for outside investment.

BRS’ full team has been retained as part of the acquisition deal, which will see Intact employee numbers increase from 200 to 243 staff across Ireland and the UK.

The UK company recorded a revenue increase of 30% last year and had double-digit profit growth.

The Southampton business was formed in March 2005 by Managing Director, George Troullis, Sales Director, Glen Jewell, and Lance Norton, Commercial Director.

Troullis will oversee the business incorporation, complementing the Intact senior leadership team.

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As noted above, the two firms have got on well in the past. BRS previously developed complementary products including e-commerce, POD scanning and on-line auctioning. The company specialises in the same target sectors as Intact, primarily merchants and distribution.

In February this year, Intact invested in a new and expanded UK headquarters in Hemel Hempstead, in the Greater London area.

This is Intact’s second software business acquisition in the country. In 2016 the software company acquired Ramtac, another of its UK-based value-added resellers (VAR) partners.

Intact is enjoying business life at present. Its annual turnover is currently in the region of €17 million (£14.6 million) and has grown over 500% in the last ten years, with more than 60% growth anticipated in the coming year.

Grant Thornton, the Dublin-based professional services firm, and legal firm, Flint Bishop, advised on the BRS deal and strategy.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.

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