A Newcastle technology provider has made a strategic multi-million-pound acquisition to expand in the education sector.
- Technology Services Group (TSG) finalized the purchase of Dayta, enhancing its already strong position in the education market.
- Dayta, known for its accountancy software, will see its staff integrate with TSG, creating additional jobs.
- The acquisition aligns with TSG’s strategy of organic and acquisition-based growth, marked by recent increases in turnover and workforce.
- TSG, a major Microsoft Solution Partner, aims to enhance Dayta’s client services through its TSG Academy.
Newcastle’s Technology Services Group (TSG) has completed a significant acquisition of Dayta, valued at millions, as part of its strategic expansion into the education sector. Dayta is recognized for delivering accountancy and financial management solutions to schools and multi-academy trusts across the UK. With this acquisition, all Dayta employees will join TSG, which is expected to generate further employment opportunities within TSG, enhancing their already strong standing in the sector.
TSG stands out as a UK leader in providing business applications and ERP software to the SME market. The integration of Dayta offers a perfect synergy with TSG’s array of services, which include innovative training programs via its TSG Academy. TSG Academy has impacted over 4,000 participants, offering flexible learning solutions that support technology empowerment. This acquisition allows TSG to leverage Dayta’s strengths, growing its influence over education technology markets further.
After recording substantial growth in financial metrics and workforce size, TSG’s acquisition of Dayta marks a continuation of its expansion strategy through both organic and acquisition methods. This approach has seen the company increase its staff to over 250 people and spread its influence across Newcastle, London, and Glasgow. The acquisition is expected to support TSG’s mission to enhance IT environments and cloud transition services for various organizations.
Rory McKeand, TSG’s CEO, expressed enthusiasm about the acquisition, highlighting its strategic value in bolstering TSG’s presence in the educational sector. Dayta boasts an impressive track record in technology provision and customer service excellence. TSG plans to integrate Dayta’s customer base seamlessly, ensuring consistent service levels while empowering educators and learners through its robust TSG Academy offerings.
Samantha Ayres, Dayta’s director, echoed similar sentiments about the acquisition’s potential, noting the compatibility between TSG and Dayta’s operational goals. Dayta has focused on streamlining organizational processes through technology, a mission shared with TSG’s commitment to Microsoft and cloud-centric IT solutions.
This acquisition represents a key milestone in TSG’s strategy to reinforce its role in the education technology market.
