IT company is looking to double its £9m turnover
Feb 27 2009 by Chris Knox, The Journal
A TECHNOLOGY company believes it can double its £9m North East turnover by 2011 through a series of planned acquisitions and new contracts.
Newcastle-based Technology Services Group (TSG) has seen sales increase as firms seek to be in good technological shape for when the recession draws to an end, and now expects its regional sales to grow to £18m over the next two years.
The firm, which has six offices around the UK, also expects to add to its £38m group turnover this year and is actively looking for similar companies to add to its portfolio in the North East.
The business which was launched by Sage co-founder Graham Wylie, has bought 21 companies in five years.
Mark Joynson, regional managing director for TSG North East, said: “I am delighted with our start to 2009. The economic climate may be uncertain, but our investments in the latest service techniques with SystemCare are paying off.
“We are able to talk to customers about improving IT reliability at realistic prices, as well as helping them to save an overall IT spend in the coming year, which is important to a lot of companies at the moment.
“Companies are realising that, despite the recession, they can’t get left behind when it comes to IT infrastructure and we are seeing that in our sales.”
TSG has added a raft of new customers including The Labour Party, which is set to benefit from TSG’s SystemCare service, which remotely monitors IT networks and fixes any potential problems. Newly intro- duced national agency Creative, Culture and Education will also use the SystemCare service, as will Penrith-based telecoms firm Commendium, which will also introduce new customer relationship management software.
In addition, Gateshead-based industrial services company Pyeroy has chosen to use SystemCare for the next three years as well as providing TSG with an additional IT support contract.
Gosforth-based TSG believes it will soon be in a position to add to its 90-strong workforce in the North East as a result of organic growth as well as the planned acquisitions.
