NVM-owned Kerridge acquires TIS

The deal has been valued at £5m. The investment was made from KCS's balance sheet with a debt facility from HSBC.

KCS and TIS Software operate in similar markets as both companies design software solutions for the wholesale and industrial distribution sectors and already share some customers. The transaction will strengthen the tools, resources and expertise of the businesses.

NVM Private Equity acquired Kerridge in March 2010 from Kerridge Commercial.

Hungerford-based Kerridge Commercial Systems is a developer of enterprise resource planning (ERP) software to niche vertical markets such as builder's merchants, automotive parts suppliers and industrial components distributors.

The company's products are designed as fully integrated applications with advanced functionality including multi-branch, multi-language and multi-currency capability. KCS has a turnover of £18m and an EBITDA of £5.2m.

KCS employs 150 people across its offices in the UK, Ireland, the Netherlands and South Africa. Kerridge Commercial Systems was founded in the late 1970s and was acquired by ADP in the mid 2000s.

Clive Austin a director at NVM and worked on the buyout of KCS.

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