Commtech, a Dublin firm that distributes technology security products, has bought rival firm Sentryst in a deal that should double its turnover to €9 million this year.
Justin Owens, the managing director of Commtech, said the deal had been completed in recent weeks after three months of negotiations.
He would not comment on how much Commtech paid for Sentryst, but industry sources said it was likely to be about €1 million.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team