TIG gobbles up Microsoft cybersecurity partner

Acquisition of ThirdSpace marks third for reseller in as many years

TIG has acquired Microsoft Identity and Cybersecurity solutions specialist ThirdSpace.

The addition of ThirdSpace brings TIG's headcount to 210. The firm offers services such as Azure transformational solutions, data analytics, 24/7 managed services and Sentinel and SOC solutions.

The acquisition is TIG's third since receiving backing BGF in 2018. It has previously acquired netConsult in 2019 and MMRIT last year.

"Over the years and with a number of strategic acquisitions, we have built a great business that we are extremely proud of. This acquisition is transformational as we can now provide a deeper and broader set of services to our clients," stated Des Lekerman, TIG CEO.

"There is huge demand in the market for an advanced digital MSP with a customer centric flexible approach. The combined suite of services are a key differentiator in the market and a fantastic opportunity for all our people."

ThirdSpace's chief exec Neil Coughlan will assume the role of chief strategy officer at TIG and its sales director Nick Lamidey will join the board as chief sales officer.

"This acquisition builds on a long-standing relationship with TIG - a team that we know and trust, and an organisation that retains the same culture of supporting and developing great people to enable success," said Coughlan.

"We are delighted to be realising one of ThirdSpace's strategic goals in expanding our security capabilities with a full managed service cloud platform and offering."

Mark Nunny, investor at BGF, said: "We've supported TiG's since 2018 and this latest round of funding forms part of a long-term strategy for developing service capability, sector expertise and scale.

"The acquisition of ThirdSpace adds a value-enhancing skillset in cyber that mirrors a wider trend in the market towards having highly valued specialised skill sets. TiG has responded well to the enhanced demand for managed services in IT and their buy and build strategy has placed them in a strong position to fast track growth in the future."