ThirdSpace, the provider of Microsoft identity and cyber security solutions, has been acquired by MSP TiG. The combined group now employs 210, providing Azure solutions, data analytics and Sentinel and SOC solutions to identify and respond to critical security threats.
Moore Barlow advised the shareholders of ThirdSpace on the transaction, which sees ThirdSpace’s CEO Neil Coughlan join the TiG board as chief strategy officer and sales director Nick Lamidey join the board as chief sales officer.
Coughlan said: “This acquisition builds on a long-standing relationship with TiG. We are realising one of ThirdSpace’s strategic goals in expanding our security capabilities with a full managed service cloud platform offering.”
The acquisition, for an undisclosed sum, has been completed with the financial backing of TiG minority investor BGF, and is the third acquisition that TiG has made since BGF’s initial £6m investment in 2018.
A year ago, Watford, Hertfordshire-based TiG acquired MMRIT, a London-based MSP that focused on delivering solutions and services in the financial services and legal sectors. In 2019, TIG acquired London-based financial services IT consultancy netConsult.
