Chess has acquired IT systems provider Parachute IT adding £2.2 million to its turnover and 17 additional staff to the Group. Parachute IT will be known as Chess ICT and joins earlier acquisitions ebillz and Chess Partner Services at one of the company's satellite offices in Borehamwood, Hertforshire.
The acquisition bolsters Chess' ability to offer complete end-to-end solutions for businesses while extending its existing IT portfolio.
Chess Chief Executive David Pollock sees the acquisition as a key strategic move for the future direction of Chess: "Parachute IT has been a forward thinking centre of excellence in design, delivery and support of business IT and communication systems for over 20 years.
"It makes sense to strengthen our expansion into being a one-stop-shop by bringing the best out of Parachute IT's knowledge and experience in the IT industry."
Managing Director of Parachute IT Martin Bacon added: "When Chess approached us I saw a great opportunity with a company intensely focused on quality and spirit, strategically driven, financially powered and with a highly evolved approach to creating robust success with acquisitions.
It is clear that the Chess Group is not just holding its own as a significant player in the industry but is setting a new standard. I am confident that our people will continue to stride from strength to strength working under the Chess brand as Chess ICT."
Parachute IT joins ebillz, Integra ICT, Avenir Telecoms and The CRM business as companies acquired by Chess that will further extend the Chess group's portfolio of services and takes Chess' acquisition total to over 80 companies to date.