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03 Feb 2010
Comments:2
VAR Technology Services Group (TSG) is set to launch a new Enterprise Solutions division following its acquisition of Croft Technology today and is poised for an acquisition spree.
The firm, which has made 23 acquisitions since its inception in October 2003 and is backed by Sage founder Graham Wylie, claims the acquisition represents continued progress in building a UK-wide service network providing IT services to SMEs.
Croft employs 90 staff across offices in Newcastle and Hertfordshire and specialies in network design, network installations, business continuity, disaster recovery, unified communications and support services to UK firms.
Further reading
TSG claims Croft was chosen as an acquisition target due to its national presence and the knowledge and skills possessed by its staff.
David Stonehouse, chief executive of TSG, said: “This acquisition signals a significant development in TSG’s growth strategy. It will provide us with the skills and capabilities to extend the product and services range currently offered by TSG to incorporate areas such as telephony, unified communications, large scale wireless deployment, structured cabling and virtualisation solutions.
“The launch of TSG Enterprise Solutions through the national coverage and wide skill set of Croft Technology staff will truly enable us to be a “one stop” IT service for our clients, covering all of their IT, cabling and telecommunication requirements.”
Phil Renton, managing director of Croft Technology, said: "Croft Technology is excited to be involved in the launch of TSG Enterprise Solutions. We are pleased that the skills and expertise of the company have been recognised and are looking forward to growing the division into a very successful part of the TSG business. All of our existing staff will be remaining with the new business and we will be continuing to provide our customers with the high levels of service they receive today.”
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Do you agree?
Strange Timing
How strange that they are making good staff with years of experience redundant, but then go take on an extra 90 staff.
They have lost a significant amount of customers over the last few years so maybe this acquisition will help top the customer base up.
Posted by John Smith | 04 Feb 2010
Makes Sense
This is a good buy for TSG as croft like TSG have a decreasing turnover and limited route to market...some would say a perfect fit
Posted by M Ashby | 03 Feb 2010
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