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

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers