24 Nov 2023

Nostra cite Cork’s development as ‘key European hub’ in Compunet acquisition

With its 4th major acquisition of the year completed in the form of Cork based Computnet, Nostra is on track to grow its business from €50m to over 250m in revenue in 5 years. The I.T firm, with offices in the UK, South Africa, Bulgaria and now Cork, cited Cork’s Cork’s rapid development as a key European hub as their reason to invest in Cork.

The firm has previously purchased Passax Business Systems, Definitive Solutions and Voice & Data Solutions, and there are hopes of a significant jobs boost in Cork in line with increases at other acquired locations.

Kevin O’Loughlin, CEO, said: “Nostra’s year has been marked by exceptional growth, featuring substantial investment, the launch of our cutting-edge Galway office, and now completing our fourth acquisition of 2023 with the purchase of Compunet,”

With Cork’s rapid development as a key European hub, we are excited to invest in and foster the region’s innovative capacity and economic dynamism.”

Founded in 2006 and currently employing 250 staff, Nostra is all set for further success in Cork.

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