Sidero
Engineering services and cloud-native software development solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 1 % | 5 % | 14 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 19 % | 14 % | 16 % | 16 % |
| Profit | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 17 % | 12 % | 14 % | 14 % |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Sidero is an engineering services and cloud-native software development company founded in Athlone, Ireland, in 2013 by Oliver Heaney, John Mee, Kevin Rice, and Santanu Mazumdar. The founders, including former Ericsson employees John Mee and Santanu Mazumdar, established the company to build mission-critical software for various companies. In 2020, Carmel Owens, a tech industry veteran with over 20 years of experience, joined as CEO to drive growth and strategy. Her leadership focused on increasing market share and expanding the customer base, which contributed to the company's significant growth.
In July 2023, Sidero was acquired by GlobalLogic, a Hitachi Group company, to bolster GlobalLogic's capabilities in the communications technology sector and expand its European presence. Sidero now operates as a wholly owned subsidiary, retaining its existing leadership and staff across its locations in Athlone and Newry. The merger was completed in April 2024, integrating Sidero's expertise in Radio Access Networks (RAN), Self-Optimising Networks (SON), cloud, and agile development with GlobalLogic's engineering portfolio.
The company provides software development, cloud migration support, process automation, and data analytics. It serves clients in the telecoms, fintech, and public sectors, building transformative technology solutions. Sidero's business model is based on delivering these specialized services either remotely or through on-site residency. For the fiscal year ending in March 2022, the company reported a turnover of €16.2 million.
Keywords: cloud-native development, software engineering, digital transformation, communications technology, radio access networks, self-optimising networks, agile development, multi-cloud deployment, process automation, data analytics, managed services, fintech solutions, telecom software, public sector tech