Prism Corporate Broking facilitated the sale of Technology Means Business Ltd, a managed IT services provider, to award-winning MSP Fifosys Ltd, expanding their service offerings and market reach in the UK.

Target Information

Technology Means Business Ltd (TMB) is a distinguished managed IT services provider with over 30 years of experience. Primarily serving small and medium-sized enterprises (SMEs) in the East, South-East, and London regions, TMB offers a comprehensive range of services including managed IT support, cloud solutions, cybersecurity, and telecommunications. In addition to its core offerings, TMB is an award-winning reseller of Pegasus software and provides tailored software development services. The company operates out of several locations, including Hampshire, London, Essex, and Kent, providing it with a broad geographical presence.

Industry Overview

The UK managed IT services industry has witnessed significant growth, driven by increasing digitization among SMEs. Businesses are increasingly relying on outsourced IT services for enhanced operational efficiency and cybersecurity measures as the threat landscape evolves. The integration of cloud technologies and remote work solutions over the past few years has further solidified the demand for managed services, positioning companies like TMB to capitalize on these shifts.

Furthermore, the necessity for robust cybersecurity solutions is more pertinent than ever. Cyber threats are evolving, making security not just secondary but a p