The Client
Procloud, a Gold HPE Partner and enterprise-focused company, are a prominent player in the Irish market, known for delivering cutting-edge technology solutions that drive digital transformation. The company’s success is fuelled by a dedicated and highly skilled team.
The Challenge
As an ICT Managed Services Provider, they experienced rapid growth, increasingly focusing on advanced data security solutions for the enterprise sector. This shift led the management team to reassess the alignment of their MSP division with their strategic goals. After evaluating the need to maintain exceptional IT support for their clients and secure their staff’s future, they decided to sell the MSP division to a trusted industry partner.
The Solution
Procloud engaged Joe Connaughton as their strategic advisor to navigate this complex process. With a distinguished career in the ICT services industry and firsthand experience in selling his own business, Joe was well-equipped to guide Procloud through this transition. Joe began by preparing a comprehensive summary document that detailed key aspects of the sale, including the specific assets on offer, contract details, financial summaries, potential valuations, handover procedures, and considerations for HR and client management. He also conducted thorough research to compile a list of potential buyers, carefully selecting those who aligned with Procloud’s values and goals.
The Outcome
Through a collaborative and transparent process, a trusted MSP partner was identified. Joe then facilitated open and constructive face-to-face discussions between the two companies, leading to a successful agreement on the sale and seamless handover of the MSP division.
Testimonial from the Managing Director
Niall O’Donoghue, Managing Director – ProCloud commented: “Joe Connaughton’s expertise was instrumental in the successful sale of our MSP division. His deep industry knowledge and meticulous preparation ensured a smooth, efficient process. Joe quickly grasped our strategic goals, crafted a clear summary document, and identified the ideal buyer who aligned with our values. His facilitation of transparent discussions led to a seamless transition for our clients and staff. Thanks to Joe, we achieved an outcome that matched our vision perfectly.”
