Nostra Technologies on acquisition trail as it looks to boost revenues

Company targeting up to five acquisitions in 2023 as it looks to take revenue run rate from €33 million to €50 million next year

Barry O'Loughlin and Kevin O'Loughlin of Nostra: chief executive Kevin O’Loughlin said that Nostra grew during the recession and will do so again in the current ‘challenging’ environment. Picture: Conor Healy

IT provider Nostra Technologies is expecting to spend up to €10 million on acquisitions and plans to “significantly increase” headcount in the new year.

The move comes as the firm is forecasting a substantial rise in revenues as companies turn to outsourcing their IT support during the economic slowdown.

Founded in 2006 by former EY Entrepreneur of the Year finalist Kevin O'Loughlin, his brother Barry, Gary Byrne and Senan Finucane, Nostra provides IT support and maintenance ...