Viatel Technology Group (Viatel) has announced the acquisition of MJ Flood Technology.
The deal combines two of Ireland's leading tech solutions providers, bolstering Viatel’s leadership in cybersecurity, cloud and communications.
Viatel Technology Group, the leading digital services provider, today announced the acquisition of MJ Flood Technology, the tech division of the MJ Flood Group. This strategic move strengthens Viatel's market position, bolstering its existing expertise with MJ Flood's capabilities in cybersecurity, cloud, and managed services.
As two established Microsoft Solution Partners, the combination of these companies signals a major market shift, creating a new powerhouse in this space. MJ Flood's credentials include being named Microsoft’s Modern Work Partner of the Year and Partner of the Year for Calling, Meetings & Devices for Microsoft Teams. MJ Flood's strong customer base, particularly in the financial services, healthcare, and education sectors, further expands Viatel's reach.
Paul Rellis, CEO of Viatel Technology Group, said “I am delighted to welcome the MJ Flood Technology customers, and James Finglas and his team into Viatel. MJ Flood has a long history, best in class solutions and a highly skilled team. We are confident that our mutual dedication to excellence and service will make them feel right at home with us. I am delighted that James will join our Senior Leadership Team, and together, we'll build something truly special for all our customers."
“With the addition of MJ Flood Technology, we are delivering on the bold vision we have for this business. We intend to become the leading cybersecurity, connectivity and digital services business on these islands. Once all necessary approvals are in place, this acquisition will boost our capacity to deliver huge value for customers in networking, cybersecurity, cloud, and Microsoft solutions”.
James Finglas, Managing Director, MJ Flood Technology, said, “Today is a great day for the customers and staff of MJ Flood Technology as we become part of Viatel Technology Group’s exciting story. Joining Viatel creates new opportunities for our customers and staff. They can expect the same exceptional service and technical expertise they've come to rely on, now backed by Viatel's broader capabilities."
Today’s announcement sees Viatel acquire the technology division of the MJ Flood Group. MJ Flood Technology was founded in 1998 as part of a group diversification strategy. The MJ Flood Group and its remaining divisions, including MJ Flood Printing & Imaging and MJ Flood Security, will continue to operate successfully under current ownership.
This acquisition is the ninth such deal by Viatel since 2020. It follows strategic investment by Macquarie Capital in Viatel, announced in December 2023. Macquarie’s investment was earmarked to support the continued growth and expansion of the Viatel business in Ireland and overseas.
The transaction is subject to regulatory approvals and is expected to close by mid-2024, when the combined entity will be well-positioned to deliver unmatched value in cybersecurity, cloud, networking, and Microsoft solutions.
Darran Nangle and Edel Daly of A&L Goodbody, and Gareth Cosgrove, Graceanne O’Brien and Sinead McKeaney of Grant Thornton acted as advisors to Viatel on the acquisition. David Lyons and Michael Moriarty of IBI and Stephen Fuller of McCann Fitzgerald acted for MJ Flood.
About Viatel Technology Group (Viatel)
Since 2020, nine strategic acquisitions and a series of internally developed capabilities have transformed Viatel into a leading-edge digital technology and cybersecurity partner empowering thousands of Irish and multinational customers. A Deloitte Best Managed Company and Guaranteed Irish’s Technology Company of the Year (2024), Viatel Technology Group employs over 300 expert staff in Dublin, Limerick, Dundalk, and the UK.
About MJ Flood Technology
MJ Flood Technology was established in 1998, as part of a diversification strategy of the highly successful MJ Flood Group. MJ Flood Technology has grown to become a leading provider of total ICT solutions to the Irish Market. A full communications portfolio incorporates cloud computing, network infrastructure and security, storage, content management, disaster recovery and outsourced managed services. MJ Flood’s head office is located along the M7 in Baldonnell Business Park in Dublin with eight regional branches (Athlone, Belfast, Cork, Galway, Limerick, Sligo, Waterford, and Wexford) enabling unparalleled pre- and post-sales support to customers.
