The Board of Conveyancing Data Services Ltd (CDS) announced that a majority shareholding in their company has been acquired by property technology firm tmgroup, for an undisclosed sum. CDS and tmgroup are committed to saving time and cost savings for property professionals.

Paul Albone, Chief Operating Officer for tmgroup and incoming CDS Chairman said,

“I have known the CDS principals for many years and 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, tmgroup has worked 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.

CDS, a conveyancing search provider, supplies all the necessary information required for a property transaction. Matthew Joy, Sales and Marketing Director for CDS said, “The countless synergies made this acquisition as uncomplicated as any deal in our industry.

Our strengths complement each other and this new partnership strengthens CDS and tmgroup’s positions.”

Joe Pepper, CEO, tmgroup added, “tmgroup will support the existing CDS management team to grow the business even further,”

www.tmgroup.co.uk