The Channel logo

News

By | Team Register 5th December 2005 22:34

TSG buys Accounting Answers

Reseller-tastic

Technology Services Group has bought its 18th reseller, Southampton and London-based Accounting Answers. The move gives Newcastle-headquartered TSG a bigger foothold in the South - to date it has concentrated on buying companies in Scotland, the North and the midlands.

Established in 1989, Acounting Answers is a Pegasus and Sage specialist employing 40 staff. It also flogs hardware to small and medium-sized business.

TSG was set up in October 2003 by Sage co-founder Graham Wylie, as a vehicle to build a computer services firm with a national footprint, specialising in the SMB sector.

This year, the company secured a £25m facility from Lloyds TSB Corporate Facility to fund acquisitions: it has dipped into this pot to buy Accounting Answers.

Post-acquisition TSG claims an annualised turnover of £44m, 500 staff and 11,000 SMB customers. ®

alert Send corrections

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on