Parseq swoops for secure print and payment products group

Rotherham-headquartered business services and IT provider, Parseq, is acquiring TALL Group, which offers secure print and payment solutions.

The acquisition is designed to establish Parseq as one of the largest independent providers of specialist document and payment processing services in the UK, increasing its headcount to more than 520 staff based in 12 offices across the UK, Bulgaria and India.

TALL Group’s secure document and payment processing solutions will be incorporated into Parseq’s own systems, allowing clients to benefit from the operational synergies and economies of scale offered by the integration.

The TALL Group will transfer across to Parseq in its entirety, including TALL Security Print, Checkprint and DLRT which combine to form the TALL Group of Companies.

It operates from three sites in Runcorn, Hinckley and Lisburn, Northern Ireland, and counts major UK banks and blue-chip companies among its clients.

These will be incorporated into Parseq’s existing global client base including leading telecoms operators, major utility providers and FTSE 100 financial services companies.

The TALL Group’s managing director, Martin Ruda, will work with Parseq’s CEO, Craig Naylor-Smith to help set a strategy for the combined business.

Parseq – which also has a base in Leeds – is a portfolio company of Parabellum Investments, a family office operating as a global private equity firm which is led by founder and CEO Rami Cassis.

Naylor-Smith said: “This is an important milestone for our business. Bringing the TALL Group into the fold will give us the offering we need to continue our international expansion and deepen the existing relationships we have with some of the biggest businesses in the UK.

“The acquisition of the TALL Group, together with other exciting opportunities in the pipeline, means we are entering 2023 on a very firm footing for further growth.”

Ruda added: “We have worked with Parseq many times, and offer complimentary, technology-led services, which makes us joining forces a natural evolution of our relationship that will make it easier to accelerate growth and expand the services we offer as a part of a bigger organisation.

“We also share the same vision and values and are committed to helping our clients run more efficient, secure businesses, all to the ultimate benefit of their customers.”

The TALL Group directors William Lamb and Peter Andrew are retiring after more than 30 years with the business.