Gresham-backed TTG bolts on Red-M

The deal represents TTG's second add-on acquisition since its £38.2m MBO in 2010, and forms part of a buy-and-build strategy. The company previously acquired IT infrastructure consultancy C&C Technology in 2011.

Company
The Red-M Group, formed in a 2005 merger of Cellular Design Services and Red-M Communications, provides wireless technology consulting, systems integration, and network services. The group and its predecessors have previously received several rounds of funding from VCs, including Albion Ventures and Pi Capital.

People
Partner Paul Franks supported the deal on behalf of Gresham Private Equity.

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