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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Organic skincare company has its origins in Ireland’s bog bodies

SMEs Rachel Lavin 1 day ago

Mark Barry: We need to ensure Ireland’s small businesses can now go global

SMEs Mark Barry 4 days ago

Brian Keegan: Time to give our indigenous businesses a helping hand

SMEs Brian Keegan 4 days ago

Grandpal banks funding from $250m Uber investor

SMEs Killian Woods 4 days ago