Professional services firm Deloitte, which currently employs over 2,000 staff in Ireland, has announced the acquisition of IT consulting company System Dynamics.

The terms of the deal have not been disclosed.

Dublin-based System Dynamics has been providing IT consultancy services to a wide range of Irish and UK clients for over 40 years and the acquisition will significantly increase Deloitte’s presence in the sector.

Under the deal, all 200 System Dynamics staff will transfer to Deloitte.

Commenting on the acquisition, Deloitte managing partner Brendan Jennings described it as an extremely positive development for the firm in Ireland.

“We have experienced huge growth in demand for our technology consulting services including digital, analytics, fintech and cloud services, as well as broad demand for more traditional IT and enterprise resource planning services.

“We have been investing heavily in these areas, including the acquisition of Curach Consulting in 2011, bringing our current consulting and advisory team to over 1,000 in Ireland,” he said. “Our plans are to expand our range of technology services to Irish based clients and scale up the services we export through Deloitte’s network of offices in 150 countries.”