tmgroup (UK) Ltd acquires majority share in Conveyancing Data Services Ltd (CDS)

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.  

To Contact:    

Conveyancing Data Services : 0118 9690839    

tmgroup : 0844 249 9200     

About CDS  

Conveyancing Data Services Ltd is a leading supplier of conveyancing searches to the property industry in England and Wales. Formed in 2010 by a management team, with a wealth of knowledge in the industry already, the company used its ethos of providing excellent customer  service to quickly build a strong and loyal client base.    

CDS are one of only a few companies of its type to employ a nationwide network of search agents for the compilation and supply of organically produced Local Authority and Water and  Drainage search reports to its customers.

The company employs 85 members of staff based all over England and Wales and at its main offices in Reading, Berkshire.  

About tmgroup  

As a leading IT solutions provider, tmgroup are the experts in innovative solutions that enable simplification and automation across the breadth of the property transaction. tmgroup’s customers extend to conveyancing solicitors, mortgage lenders, and developers.    

Key services:    

tmconvey : Property searches are an integral part of tmconvey, along with insurance and risk management tools. With its simple, integrated design, it cuts the time and effort it takes to complete the conveyancing transaction.    

tmconnect : tmconnect is a cloud based transactional hub, providing a joined‐up workflow for  estate agents, mortgage lenders and conveyancers to access and share transactions securely.    

tmcore : tmcore is an online property data hub for local authorities and other search providers, linking conveyancers to local authorities for faster land data without incurring unnecessary fees or being bound by complicated systems.    

tmconvey Premium : tmconvey Premium is a specialist service for commercial real estate  lawyers. Benefits include Premium Terms & Conditions, up to £20 million PI cover per claim, and a managed portfolio service.    

Property Searches Scotland : Property Searches Scotland are part of the tmgroup family and  offer a full range of property searches for residential, commercial and remortgage conveyancing across all of Scotland’s 32 council areas.    

The company has 140 employees and is headquartered in Swindon.

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