A private equity-backed technology solutions provider has made a multi-million-pound acquisition as part of its growth strategy.
Technology Services Group, which provides Microsoft tech solutions to mid-market businesses, has completed the purchase of Dayta to strengthen its presence in the education market.
One of the UK’s fastest-growing multi-academy trust technology providers with 17 staff, Aylesbury-headquartered Dayta provides accountancy software and other financial management solutions to schools and multi-academy trusts throughout the country.
All of Dayta’s staff will become TSG employees and the deal will also create additional jobs at TSG, which is headquartered in Newcastle and also has offices in London and Glasgow.
TSG provides business applications and ERP software to the SME segment which is complemented by the delivery of flexible training programmes through its dedicated learning platform, the TSG Academy.
The company is planning to make further strategic acquisitions following its takeover by Pictet Alternative Advisors earlier this year. It recorded double-digit growth in turnover and profits last year and saw its employee base expand to more than 250 staff.
“We’re delighted to have completed this key strategic acquisition in order to grow our existing footprint in the education sector,” said Rory McKeand, TSG CEO, who spent five years working at NCFE, the education charity.
“Dayta has a strong pedigree serving education customers, with a growing client portfolio of schools and multi-academy trusts that we will work with to strengthen our position in this key market.
“Their business aligns neatly with the values of our company and its customers will be able to empower its educators and learners through our TSG Academy, which has worked with more than 500 organisations and delivered training to over 4,000 individuals.
“All Dayta customers will have access to our unique TSG Academy training to enable them to understand and get the best out of their technology.
“Now that the acquisition is complete, there will be a seamless integration of Dayta’s clients into our business and no interruption in the high levels of service provided to them.”
Samantha Ayres, director at Dayta, said: “We are thrilled to get this deal over the line. We know TSG well and there’s a fantastic synergy between the two organisations.
“Our business was established with the aim of helping organisations streamline their operations through technology, a priority shared by TSG.”