About Technology Services Group
Technology Services Group is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2003 was acquired by Pictet Group in July 2024. It operates as a Managed Services, and Professional Services. Technology Services Group has raised $2 million across 1 funding round from investors including Pictet Group and Godfrey Syrett. Technology Services Group has completed 1 acquisition, including Dayta. Technology Services Group offers products and services including Business Applications, TSG Cloud Care, TSG Cyber Care, and TSG System Care.
- Headquarter Newcastle Upon Tyne, United Kingdom
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Technology Services Group
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Annual Revenue
$43.87 M (USD)7as on Mar 31, 2022
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Net Profit
$2.34 M (USD)170as on Mar 31, 2022
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EBITDA
$2.28 M (USD)272as on Mar 31, 2022
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Total Equity Funding
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Private Equity Round
May 29, 2018
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Investors
Pictet Group
& 1 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Pictet Group
(Jul 09, 2024)
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Products & Services of Technology Services Group
Technology Services Group offers a comprehensive portfolio of products and services, including Business Applications, TSG Cloud Care, TSG Cyber Care, and TSG System Care. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Solutions for business processes using Microsoft and Sage are provided.
Managed cloud services including Azure and Microsoft 365 are offered.
Cyber security services to protect businesses are delivered comprehensively.
Support for on-premises infrastructure is provided to clients.
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Funding Insights of Technology Services Group
Technology Services Group has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $2 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $2.0M
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First Round
First Round
(29 May 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Private Equity Round - Technology Services Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Technology Services Group
Technology Services Group has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Pictet Group and Godfrey Syrett. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Specializes in offering high-quality office furniture products.
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Founded Year | Domain | Location | |
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Diversified investment management firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Technology Services Group
Technology Services Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dayta. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Software development services are provided to various clients.
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1983 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Technology Services Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Technology Services Group Comparisons
Competitors of Technology Services Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Technology Services Group
When was Technology Services Group founded?
Technology Services Group was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Where is Technology Services Group located?
Technology Services Group is headquartered in Newcastle Upon Tyne, United Kingdom.
Is Technology Services Group a funded company?
Technology Services Group is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $2M, raised on May 29, 2018.
What is the annual revenue of Technology Services Group?
Annual revenue of Technology Services Group is $43.87M as on Mar 31, 2022.
What does Technology Services Group do?
Technology Services Group is involved in delivering a range of IT solutions, including ERP and CRM systems, managed cloud services, cyber security, and on-premises IT support. Services are provided across various sectors with a focus on Microsoft and Sage technologies. Comprehensive support is offered through solutions like TSG Cloud Care, TSG Cyber Care, and TSG System Care, ensuring client business environments are optimized and secure. Partnerships with leading technology providers are maintained to enhance service delivery.
What products or services does Technology Services Group offer?
Technology Services Group offers Business Applications, TSG Cloud Care, TSG Cyber Care, and TSG System Care.
How many acquisitions has Technology Services Group made?
Technology Services Group has made 1 acquisition, including Dayta.
Who are Technology Services Group's investors?
Technology Services Group has 2 investors. Key investors include Pictet Group, and Godfrey Syrett.
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