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

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state