Chess moves in for Synex

Chess moves in for Synex

Telecoms VAR makes its first acquisition of 2008

Telecoms VAR Chess has made its first acquisition of 2008 and its 25th in total after acquiring the customer base of Synex Network Services.

Birmingham-based telecoms provider Synex is a Microsoft Gold partner and has five employees. Richard Btesh, director of corporate finance at Chess, said: “It is a good customer base that we feel we can make the most out of.”

Btesh affirmed that Chess’ acquisitive strategy will continue this year and indicated that it may branch out from simply acquiring other telecoms resellers.
“Anyone with a good customer base is of interest to Chess,” Btesh said. “There are 1,000 resellers in the UK that are potential acquisitions. Small businesses cannot be all things to all men. Over the next 18 months technology may [increasingly]determine our strategy and that of our competitors.”

Synex managing director Ann Taylor said: “I was advised to approach Chess when I started thinking about selling. I am confident that the transition will be a smooth one and our customers will be more than satisfied.”