Chess makes strategic play with TMS acquisition
Technology solutions provider Chess ICT has acquired TMS, an independent channel-focused expert in billing solutions, hosted voice and data connectivity solutions for IT and telecoms suppliers.
TMS is the latest addition to the Chess family, bringing a range of voice and data solutions to the table as the company looks to strengthen its partner focus.
The acquisition will also bring a secure and scalable managed billing solution, a highly experienced WLR3 integration team and a stable of trusted relationships with over 100 channel partners and resellers.
The existing TMS team, including operations director Helen Booker, are remaining in place.
The acquisition further strengthens Chess’s commitment to its partners, who will now have access to an out-of-the-box managed billing platform and WLR3 centre of excellence renowned for outstanding service.
“I’ve always been an admirer of the TMS business,” said Chess founder and CEO David Pollock.
“For a long time now we’ve had an aspiration to acquire the company if the opportunity presented itself. Their experience and reputation will really enhance relationships with our partners.
“We look forward to working with Helen, the TMS people & partners and very much welcome them to the Chess family.”
With over 100 acquisitions to its name, Chess continues to seek companies that will enhance its product portfolio and bring new people, skills and expertise to its growing team.
Suzanne Chappell, chairman and founder of TMS, is retiring following the acquisition to embark on a new sailing adventure.
She said: “The next stage of TMS’s journey is going to be exciting as part of team Chess.
“I know that our senior management and team members will thrive as part of Chess, with its greater scale in sales and support and award-winning workplace ethos.
“With our years of channel focus and expertise and 112 loyal partners, we bring real value to Chess’s partners.”
TM Solutions were advised on this transaction by Knight Corporate Finance.