Consolidation is the name of the game for Irish ICT sector

Recent years have seen mergers and acquisitions driving consolidation in tech. Why are businesses joining at the hip, and does it hint at positive change?

The Irish tech sector has witnessed considerable consolidation in recent times. Picture: Getty

Staff shortages. A small domestic market driving the need to expand internationally. Filling out gaps in product offerings. The reasons for consolidation in the Irish technology sector are multifaceted, but it is undeniable that recent years have seen a frenzy of activity.

Examples are not hard to find: this year, digital transformation specialist Version 1 was acquired by private equity firm Partners Group, having itself acquired numerous businesses over the years, including Neueda. In January, ...