Combined the Tekenable and Tether businesses will have more than 190 employees, 400 customers, projected revenues close to €21.5m with operations across Ireland, UK, Spain, Hungary, Nordics and UAE.
Irish tech services player Tekenable has acquired specialist Salesforce consulting company Tether for an undisclosed sum.
Tether offers clients a range of services to help deliver strategic and business improvement projects through the use of the Salesforce platform.
“Together we will work with our forward-thinking clients to transform their businesses in the cloud”
The acquisition by Tekenable will strengthen the company’s Salesforce Cloud offering, enhance its Salesforce practice, and provide a platform for further growth.
Salesforce growth plans
“I am delighted to welcome the Tether team to the TEKenable family,” said Nick Connors, group CEO at Tekenable. “Their proven track record in delivering Salesforce solutions to their clients complements TEKenable’s existing Salesforce practice, and combined will result in one of the largest Salesforce practices both in Ireland and the UK.
“With this acquisition, we are continuing to invest in our Salesforce growth plans with the combined practice of TEKenable and Tether strengthening our delivery of a comprehensive suite of ‘Cloud’ services and expertise to support our clients’ ambitions. With a continued focus on growth in the UK, the experience and the client base that Tether has in the UK is a fantastic fit for TEKenable – both strategically and culturally.”
Established in 2002, Tekenable has grown to employ more than 165 people. Combined the businesses will have over 190 employees, 400 customers, projected revenues close to €21.5M with operations across Ireland, UK, Spain, Hungary, Nordics and UAE.
Tekenable co-founder and CTO Peter Rose added: “This is an exciting time for TEKenable, Tether, our respective teams, partners and customers. Together we will work with our forward-thinking clients to transform their businesses in the cloud. The combined businesses will make us one of the most capable Salesforce specialists in Ireland and the UK.”
As a result of the acquisition, a team of highly skilled experts from Tether will join Tekenable in Ireland and the UK, bringing with them extensive experience across diverse sectors such as telecoms, manufacturing, medical, energy, retail and logistics.
Tether, with offices in Dublin, Manchester and London, helps clients get the most from their Salesforce ‘Cloud’ investments.
“With our shared vision and values, I am confident that the Tether team will fit seamlessly into TEKekenable,” explained Tether CEO John Hennessy.
“Being able to offer deep technology skills, coupled with industry-experience at scale is critical to getting ahead in the market. As a leading Salesforce Partner, we have those skills, and TEKenable has the scale. We will continue to focus on delivering leading solutions that meet the needs of our clients, and I look forward to further building our joint Salesforce capabilities.”
Bank of Ireland supported Tekenable in its acquisition of Tether.
“A growing Technology business like Tekenable requires the backing and expertise that Bank of Ireland provided during our recent acquisition,” said Tekenable CEO Nick Connors. “Bank funding is important but it is not the only element in an M&A transaction. Bank of Ireland brought to the table experience and track record and were able to guide us in tailoring the overall M&A package that was tailored to our needs. We look forward to the continuous and ongoing support that Bank of Ireland provide to our growing and expanding International business.”
Gerry Nolan, business relationship manager at Bank of Ireland’s Business Banking Origination team said the successful deal was a testament to the strength of Tekenable’s leadership team.
“Nick and Peter continue to impress us with the manner they have developed their business, through a well-planned M&A approach,” he said. “We are delighted to support this acquisition of Tether, which makes TEKenable one of the largest Salesforce practices in Ireland and the UK.”
Bank of Ireland supported Tekenable in its acquisition of Tether.
“A growing Technology business like Tekenable requires the backing and expertise that Bank of Ireland provided during our recent acquisition,” said Tekenable CEO Nick Connors. “Bank funding is important but it is not the only element in an M&A transaction. Bank of Ireland brought to the table experience and track record and were able to guide us in tailoring the overall M&A package that was tailored to our needs. We look forward to the continuous and ongoing support that Bank of Ireland provide to our growing and expanding International business.”
Gerry Nolan, business relationship manager at Bank of Ireland’s Business Banking Origination team said the successful deal was a testament to the strength of Tekenable’s leadership team.
“Nick and Peter continue to impress us with the manner they have developed their business, through a well-planned M&A approach,” he said. “We are delighted to support this acquisition of Tether, which makes TEKenable one of the largest Salesforce practices in Ireland and the UK.”
Main image at top: John Hennessy, Tether; Nick Connors, Tekenable; Peter Rose, Tekenable; and Mike Corr, Tether
