I.T. Alliance cloud spin-out gets €1m investment
Philip Maguire and Paul Rellis
I.T. Alliance has invested €1m in a new cloud subsidiary called Auxilion. The company will have a virtual workforce and already employs 10 people.
Auxilion will target Irish and international small and medium-sized enterprises (SMEs) which require cloud computing support.
It will operate independently of I.T. Alliance Group, which employs 400 people and has built a more than €20m business as an outsourcer to the global IT outsourcers. As well as operating as an independent brand, Auxilion will support the cloud computing needs of I.T. Alliance Group.
“The cloud computing market is booming and there will be global demand for support services on top of this,” commented Phillip Maguire, CEO, I.T. Alliance Group.
“Global Industry Analysts has forecast that the cloud computing services market is projected to reach US$127bn by 2017. This is being driven by enterprise mobility, the need for business continuity and increasing implementation of cloud computing strategies by SMEs across the world.”
Virtual Irish hub
Auxilion has taken a lease on new premises in Dublin where it has based its support hub, while the organisation’s support agents will work virtually using Microsoft technology.
“This is a great example of an indigenous Irish company looking to leverage the global boom in cloud computing,” Paul Rellis, managing director, Microsoft Ireland, said.
“Auxilion is leveraging the latest in Microsoft Cloud technology to bring an innovative cloud support service with a global market potential to fruition.”