Chess buys again with Compwise acquisition

Chess keeps heading towards the 100 firms acquired mark as it adds networking player Compwise to its roster

Chess barely had time to put the company cheque book away after picking up the carrier business of Calyx Managed Services before it was acquiring again with the addition of Compwise Systems.

The deal will involve Compwise becoming part of Chess Corporate Solutions, adding three new people and an additional £400k in annual turnover to the business, and will be based in the Borehamwood offices.

Compwise has a networking expertise that will add to the other areas that Chess has invested in as it builds a business that can act as a one-stop-shop for a customer looking for a wide ranging solution.

Chess has acquired more than 90 companies since 2001, including in the last year and a bit Avenir's airtime business, ebillz, Integra ICT, Parachute IT and The CRM business, with no sign of that momentum slowing down.

“Compwise Limited have flourished as a total IT solution provider since 1992 ; it possesses a wide and varied knowledge base to provide great support for the technical needs of all businesses. It has an outstanding reputation across the industry and we are delighted to welcome it into the Chess group," said Chess chief executive David Pollock.

He added that it had a strategy of putting the customer first and it expected the latest acquisition would strengthen its ability to differentiate its offering from rivals in the market.

Senior account manager of Compwise Jim Djouma, said that it had looked at Chess and decided that its approach to acquisitions and the aim of developing a solid business made a tie-up attractive, "Our people are committed to customer satisfaction, and empowered by Chess we will go from strength to strength.”

Earlier today, it had emerged that Chess had spent £1.8m for Calyx Managed Services carrier business after its owner MXC Capital moved to refocus operations and sell off those parts of the operation that it no longer wanted.

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