Booming TMT sector has helped turn Ireland into one of the world’s fastest-growing economies again
The roll call could hardly be more impressive. Apple, Facebook, Google, Twitter, LinkedIn, Dropbox – just some of the big TMT names that have invested in Ireland over the past decade.
2015 saw a number of companies added to this growing list. Huawei, the Chinese technology group, bought a Dublin-based telecoms network management business from Amartus; Zalando, the online fashion company, opened a new tech centre in the capital; and Infosys, one of India’s biggest IT service providers, announced plans to establish a product research and development centre in Dublin.
All are drawn to Ireland’s well-known low corporate tax rate of 12.5% – but that only tells part of the story. Just as significant is access to one of the strongest global tech talent pools in the sector.
To many people, the strength of the country’s TMT sector is precisely a sign of a far more viable Irish economy.
Clearwater International has advised the shareholders of Espion Group (“Espion”) on its sale to BSI, the business standards company.
Espion is a leading information technology and security consultancy specialising in eDiscovery, digital forensics, information governance and cloud computing.
The information and cyber security sector has undergone a wave of M&A activity in recent years as large corporates react to high profile data leaks and information security breaches through the acquisition of specialist security consultancies. Organisations of all sizes are more focused than ever before on securing their IT infrastructure against potential threats.
BSI’s acquisition of Espion reinforces BSI as the authority in information resilience. BSI was the originator of the internationally recognized ISO 27000 series of Information Security Standards and is the global leader in providing training and certification to ISO 27001, the established best practice in Information Security Management Systems. BSI and Espion’s joint ambition is to develop a global centre of excellence that is at the forefront of the information resilience industry.
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