Billing company TM Solutions (TMS), a long-time acquisition target for Chess ICT, has been snapped up by the Alderley Edge-based serial acquirer of 100-plus businesses. Chess founder and CEO David Pollock (pictured) stated: “I’ve always been an admirer of the TMS business. We have aspired to acquire the company for a long time and waited for the opportunity."
Founder and Chairman of Abingdon-based TMS Suzanne Chappell is retiring while the existing team including Operations Director Helen Booker will remain with the business.
TMS provides billing solutions, hosted voice and data connectivity solutions to a network of 112 channel partners. Its 'out of the box' managed billing solution supported by a WLR3 integration team provides a particular boost to Chess.
TMS was advised on the transaction by Knight Corporate Finance.