Arkphire rises from ashes of bank crisis

The IT procurement firm’s future was in doubt, but now it is posting annual revenues of €126 million

1st March, 2020
Arkphire rises from ashes of bank crisis
Paschal Naylor and Paul Nannetti of Arkphire looked to the overseas market, when there was little growth in Ireland. Picture: Susan Jefferies

Arkphire, the IT procurement and services firm, has come a long way since its German owner decided to pull out of the Irish market as the financial crisis took hold.

A decade ago AO Group, its parent company, struggled to offload it, but the business is now expanding and has annual revenues of €126 million.

“They saw the banking crisis as a major issue in Ireland and took a very poor view of the country...

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