Fifosys Acquires TMB to Expand Service Offerings
At Fifosys, we're in the somewhat unique position of being a founder-led company that's driven by three things: our people, our technology, and our overarching commitment to never standing still.
With that in mind, we're delighted to announce the acquisition of TMB (Technology Means Business), further enhancing our service offerings and solidifying our IT industry position. It also offers us increased coverage in the southeast of England.
TMB marks our third acquisition in the last five years - and the second outside of London after buying Enforce Technology in 2021. The move takes us to a combined client base of over 400, with an expected annual turnover of over £10m, marking the start of a significant new chapter for Fifosys.
The acquisition also brings the combined workforce of The Fifosys Group to over 100 staff across six sites, and we're excited to see what the future holds.
Why TMB?
TMB Group has provided companies with professional IT support and services for over 30 years, working with organisations in various sectors, including education, construction, and finance. They're also one of the nation's leading suppliers of Pegasus Software solutions, such as Opera 3, Opera 3 SQL SE, XRL and Capital Gold, aiming to offer reliability, speed and robust cyber security – and friendly, approachable support.
As such, we're keen to stress that existing TMB clients should expect business as usual with no interruptions as the TMB and Fifosys teams work together, with Tina Verney and Richard Shuker helping support the transition.
Fifosys is excited about the opportunities that the acquisition of TMB brings and looks forward to leveraging the combined expertise of both companies to provide enhanced IT solutions and services to clients.
A Word from Mitesh
Mitesh Patel, founder and Managing Director at Fifosys, said: "We're delighted to welcome TMB into the Fifosys family. With over 30 years of experience, we believe this is our perfect next step, and we can't wait to get going.
"TMB is a profit-making business with a proven track record in areas such as managed services, disaster recovery, and software development, whilst the Pegasus support option provides us with something we didn't have at Fifosys before this acquisition.
"I would like to take the time to personally thank Tina Verney and Richard Shuker for their hard work over the last few months as we've worked on the logistics of this takeover, and we look forward to merging TMB's expertise with that of our already strong staff at Fifosys.
"We believe that if you stand still in this industry, you get left behind. With that in mind, we're excited to help further empower our clients with our shared expertise and solutions and ensure they keep pace with the ever-increasing opportunities available".