Deal creates the UK’s Leading Advanced Digital MSP
Moore Barlow has advised ThirdSpace, the UK’s leading professional services provider of Microsoft Identity and Cyber Security solutions, as it joins forces with TiG, one of the UK’s leading Cloud, Data Analytics and Managed Services providers to the financial services sector.
The strategic acquisition by TiG creates a combined proposition that delivers a fully comprehensive suite of services based on Microsoft technology, for organisations that demand secure modern working and digital transformation.
The group now boasts over 210 employees providing advanced Azure transformational solutions, data analytics, 24/7 managed services, as well as the latest Sentinel and SOC solutions to identify and respond to critical security threats.
Moore Barlow advised the shareholders of ThirdSpace on the transaction, which sees ThirdSpace’s CEO, Neil Coughlan, join the TiG board as Chief Strategy Officer and Sales Director, Nick Lamidey, join the board as Chief Sales Officer to help drive the company’s ambitions to become the UK’s leading Advanced Digital MSP.
Neil Coughlan said: “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. 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, and this deal could not have been achieved without the support and guidance from Moore Barlow.
“It has been a great experience working with Peter and his team, they have consistently managed our interests whilst being sensitive to the timelines and process of the deal, and that has been instrumental in helping us to achieve a successful outcome.”
Peter Jeffery added: “It’s been a pleasure to support Neil and his team on such a transformational deal for the business. This transaction not only creates a strong platform for future growth, it deepens the services ThirdSpace is able to offer to its clients and provides an even greater opportunity for the ThirdSpace team to develop as part of the combined group. We wish the team the best of luck and look forward to watching the business continue to develop as it embarks on the next phase of its growth journey.”
The acquisition has been completed with the financial backing of minority investor BGF, who will continue to support TiG’s ambitious plans for expansion and market penetration going forward. It is the third acquisition that TiG has made since BGF’s investment.