Technology Services Group Expands with Dayta Acquisition
Deal News | Nov 05, 2024 | B Daily
Technology Services Group (TSG), a managed IT and cloud services provider, announced its acquisition of Dayta, an education sector operator specializing in accountancy software and financial management for schools and multi-academy trusts. This acquisition marks a strategic expansion for TSG into the education market, a sector where Dayta has established a reputable presence. All 17 employees of Dayta will transition to TSG, enhancing TSG's capabilities in delivering education-focused IT solutions, bolstered further by TSG Academy's training programs. The acquisition follows a recent management buyout involving Pictet Alternative Advisors, supporting TSG's growth ambitions. The acquisition indicates TSG's commitment to enhancing its service offerings within the education sector, leveraging Dayta's expertise to optimize the use of technology in schools and multi-academy trusts across the UK.
Sectors
- Information Technology and Services
- Education Technology
Geography
- United Kingdom – TSG and Dayta are both headquartered in the UK, and the acquisition impacts educational institutions across the country.
Industry
- Information Technology and Services – The acquisition broadens TSG's offerings and presence within the IT services sector, specifically focusing on managed IT and cloud services for the education market.
- Education Technology – Dayta's specialization in accountancy and financial management software for educational institutions places both companies within the education technology industry.
Financials
- Multi-million-pound – The described value of the deal for the acquisition of Dayta by TSG.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Technology Services Group (TSG) | Acquirer | Company | A managed IT and cloud services provider with a focus on the education sector, based in Team Valley, UK. |
| Dayta | Target Company | Company | Provides accountancy and financial management software for schools and multi-academy trusts, headquartered in Aylesbury, Buckinghamshire. |
| Rory McKeand | CEO of Technology Services Group | Person | Leads TSG and has announced the strategic acquisition of Dayta. |
| Samantha Ayres | Director at Technology Services Group | Person | Was integral in finalizing the acquisition of Dayta and speaks to the alignment of priorities between the two firms. |
| Pictet Alternative Advisors | Management Buyout Partner | Company | Supported TSG in the financial structuring of a recent management buyout. |