B2 Group buys TDI Consulting

Source: B2 Group

B2 Group, the Luxembourg based financial software and services vendor, has acquired TDI Consulting Limited, a London based financial sector consultancy specialising in corporate payments processing.

TDI counts many of the world's largest banks and Fortune 500 companies as its clients, and services those clients across the globe, especially in the US, UK and Asia Pacific regions.

Commenting on the acquisition, B2 Group CEO, Phil Boland, noted, "We are delighted to welcome TDI to the B2 Group of companies. TDI's expertise in the payments sector brings an additional dimension to B2's traditional Funds and FX based service offering, and when combined with B2's strength in depth and technical infrastructure can only mean an even better service for TDI's clients."

TDI's key staff and team of expert consultants also join B2 as part of the deal, providing complete continuity of service, as TDI's Managing Director Craig Thrussell explains, "Joining with B2 is good news, providing us with all the advantages of working within a larger company whilst maintaining our current team and continuing to provide our clients with the level of individual service they have been used to receiving from TDI in the past."

Market response to TDI's joining with B2 has also been very positive. Paul Feicht, VP Global Professional Sales at GXS, the US based provider of global B2B e-commerce integration solutions and one of TDI's strategic clients, said of the acquisition, "We are very pleased to be engaging with B2 going forward, and to continuing and even improving the excellent relationship we have enjoyed with TDI over recent years."

The new entity will trade as B2 TDI Limited, and will be based at B2's Lombard Street City of London offices, whilst utilising B2's fully regulated high availability data centres in Luxembourg.

Comments: (0)

THE STATE OF DIGITAL BANKING, 2019 - Landscape: The Digital Banking Strategy Playbook