Teksys reveals acquisition plans

Firm on the acquisition path

Nitin Joshi: Teksys is a rising star with an excellent management team.

VAR Teksys is on an acquisition mission over the next two years, and is expecting to make another purchase in the coming months.

Earlier this month the firm snapped up the assets of Technology Made Simple (TMS) for an undisclosed sum (Channelweb, 18 September).

Speaking to CRN, executive chairman Alan Watkins, one of two private equity investors to take over the company in January (Channelweb, 9 January), said the firm was well positioned for growth.

“Since we acquired Teksys we have been tightening processes and getting the company to a level of best practice. We have also defined four key areas of focus: licensing and software asset management, Sharepoint, virtualisation and unified communications.

“All four are growth areas for us organically and target areas for acquisition over the next two years.”

Watkins confirmed that there were several ongoing discussions, but he was unable to name any potential targets.

“The TMS acquisition fits into our virtualisation vision and is a VMware and Citrix partner. Together with our Microsoft expertise it means we can offer best-of-breed solutions to our customers.”

He admitted that there could be some job losses as a result of the acquisition and TMS employees were undergoing interviews as CRN went to press.

Nitin Joshi, founder of advisory firm ChannelMoney, said Teksys was a company to watch.

“The new owners of Teksys have demonstrated their business acumen with this acquisition,” he said.

“Teksys is a rising star and with its excellent management team, they will be keen to exploit other buying opportunities. I can see Teksys building a significant business very quickly.”