The Board of CDS are excited to announce that as of 1st April a majority shareholding in their company has been acquired by property technology firm tmgroup for an undisclosed sum.
Both CDS and tmgroup are committed to saving time for those working in the property sector, and are looking forward to working together to create even more efficiencies and cost savings for property professionals. They also bring a wealth of industry knowledge and experience to their new relationship.
Paul Albone – Chief Operating Officer for tmgroup and incoming CDS Chairman comments:
“I have known the CDS principals for many years and have been impressed with the brand and proposition they have created. This investment is a natural extension of the close working relationship we have developed and I look forward to enabling further collaboration and business growth of both brands.”
Since 1999, PropTech company tmgroup have been innovating and saving time for their customers, delivering on their vision to streamline the property transaction for the benefit of all. Working with legal firms of all sizes, estate agents, lenders and developers, they help address business challenges, create more efficient processes and make the day‐to‐day tasks easier.
This long‐standing commitment to the property sector is matched by CDS, a Conveyancing Search Provider supplying all the necessary information required for a property transaction. With excess of 100 years' combined experience within the property search market, CDS deliver a reliable, fast and accurate service, alongside good communication, flexibility and a great customer experience.
Following tmgroup’s majority share acquisition of CDS, both businesses will continue to operate as separate companies to offer an unparalleled range of property‐related services to Conveyancers across England and Wales, as well as Scotland through tmgroup’s already well‐established Property Searches Scotland business, based in Glasgow.
Matthew Joy – Sales and Marketing Director for CDS comments:
‘The countless synergies between our two companies made this acquisition as uncomplicated and elementary as any deal in our industry.
Our individual strengths, as companies, complement each other entirely and will continue to be the focus of our efforts moving forward.
I'm also very pleased to say that this new partnership strengthens CDS and tmgroup's positions as market leaders in the conveyancing sector.’
Joe Pepper – Chief Executive Officer for tmgroup comments:
“CDS has developed an outstanding reputation for delivering personal search services in the Conveyancing market, and this acquisition makes perfect strategic sense for both parties, as well as sending out a strong signal for our ongoing investment in the UK Property Search marketplace.
tmgroup will support the existing CDS management team to grow the business even further, supported by our wider group and our ongoing investment in a best‐in‐breed technical capability.”
The two companies will remain aligned in their current approach of utilising the right levels of technical support and human touch to provide the very best in customer service to the Conveyancing industry.
Coupled with the best methods of collating and delivering the most accurate, up to date information and data available to its customers, tmgroup and CDS will now represent an even greater force moving forward.