Chess ICT, one of the UK’s leading technology solutions providers, is delighted to announce its acquisition of 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, which ranks #1 in the Sunday Times Best Places to Work. The business brings Chess a range of voice and data solutions, including 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 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.
Chess Founder and CEO, David Pollock, commented: “I’ve always been an admirer of the TMS business. 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.
Commenting further on the acquisition, Suzanne Chappell, Chairman and Founder of TMS who is retiring and setting off on a new sailing adventure 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.
TMS was founded in 2001 and is an independent IT business that combines a managed billing solution, WLR lines and CPS, Converged Voice and Data products and its own TMS hosted system with mobile convergence and analytics.
With a comprehensive and fully flexible online interface to offer the best independent channel support service in the UK telecoms industry, TMS is committed to ‘enabling the channel to focus’.