• Parabellum Investments, the family office operating as a global private equity firm, announces the continuation of its ongoing growth and portfolio upscaling programme through the significant growth of portfolio company, Parseq
• Following an acquisition and an integration, Parseq is now established as one of the largest independent business services and IT providers in the UK, with a headcount of more than 520 staff based in 12 offices across the UK, Bulgaria, and India
• Parseq has acquired the TALL Group, a UK leader in the provision of secure print and payment solutions, and has integrated with Column Software Solutions, an India-based IT and business process management firm
• Parabellum Investments uses its own capital to grow companies both organically and through acquisition, and is led by founder and CEO, Rami Cassis
09TH JANUARY 2023: Parabellum Investments, the family office operating as a global private equity firm, has announced the significant expansion of portfolio company, Parseq, establishing it as one of the largest independent business services and IT providers in the UK.
Parseq’s growth to more than 520 staff based in 12 offices across the UK, Bulgaria and India, forms part of Parabellum Investments’ ongoing global growth and portfolio upscaling programme. Led by founder and CEO Rami Cassis, Parabellum Investments is a hands-on, highly active investor, using its own capital to grow companies both organically and through acquisition.
Parseq, one of the UK’s most recognised business services and IT providers, has acquired the TALL Group, a UK leader in the provision of secure print and payment solutions. It will transfer across to Parseq in its entirety, including TALL Security Print, Checkprint and DLRT which combine to form the TALL Group of Companies. The TALL Group’s secure document and payment processing solutions will be incorporated into Parseq’s own established systems, allowing clients to benefit from the operational synergies and economies of scale offered by the integration.
The TALL Group 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.
Parseq has also announced the integration of India-based IT and business process management firm, Column Software Solutions, also a portfolio company of Parabellum Investments. The integration is being actioned to maximise the operational synergies between the two firms, which have a similar client base and offer complementary services.
Parseq has an established office in Chennai, India, meaning the integration of Column Software Solutions’ India operations will lead to a much stronger, combined presence in the country. The current Managing Director of Column Software Solutions, Dheeraj Gupta, will lead the India operations for Parseq, and will report into Parseq CEO, Craig Naylor-Smith.
Rami Cassis, Founder and CEO, Parabellum Investments, said: “We continue to diversify and grow Parabellum’s portfolio, and both the acquisition of the TALL Group and the integration of Column into Parseq are integral parts of that strategy.
“Parseq and Column share similar services, clients, and operations, so they are a natural fit for each other and combining them will help unlock further expansion. The acquisition of the TALL Group by Parseq greatly expands the services it can provide, further strengthening Parseq’s position as one of the UK’s most successful business services and IT providers.”
Parseq is established as one of the UK’s leading business outsourcing providers. It offers a broad range of technology-driven solutions that use enhanced automation to help clients optimise their document, financial and payments processing, improving their operational efficiency and the customer experience. It automates 94 million images, digitises 70 million documents and processes £36 billion of payments annually.
ABOUT PARABELLUM INVESTMENTS
Parabellum Investments is a family office operating as a global private equity firm, deploying its own capital to acquire companies which can be located anywhere in the world. Under the leadership of founder and CEO, Rami Cassis, Parabellum Investments has a strong track record of growing companies operating within various sectors, including enterprise software, business & IT services, and life sciences. Further information can be found at www.parabelluminvestments.com
ABOUT RAMI CASSIS
Rami Cassis is an international investor, operations expert, and founder of Parabellum Investments. Having founded Parabellum Investments, his family office and private equity firm, in 2012, he leads companies ranging from large, multinational corporates to lower mid-market firms. He has led several international complex transactions, always acting as the principal. Although he will sometimes step in as interim CEO, he usually acts as Executive Chairman.
Parseq is a trusted business services partner, with a global client base spanning FTSE 100 financial services companies, major utility providers, leading telecoms operators, manufacturers, and local authorities. It employs more than 520 people across the UK, Bulgaria, and India, and maintains international partnerships covering six countries.
Parseq makes it easy for businesses to digitally transform their processes. It offers a broad range of technology-driven solutions that use enhanced automation to help clients optimise their document, financial and payments processing, improving their operational efficiency and the customer experience. This includes finance and accounting services, such as credit management and invoice processing; digital back office services, such as automated cash allocation and digital mailrooms; payment services, including cheque processing; disaster recovery and warehousing and fulfilment.
Every year, Parseq automates 94 million images using Optical Character Recognition/Intelligent Character Recognition technology, processes £36 billion of payments and digitises 70 million documents.
More information about Parseq can be found at https://www.parseq.com/