On 30 May 2024, TMG Cloudland completed the acquisition of the business assets of Primary Technology Services Limited (Primary IT), a well-regarded Wellington based provider of tailored IT services in the healthcare sector. This acquisition is set to further enhance TMG Cloudland’s national footprint and its business capabilities and strengthen its mission to provide ‘Beautifully Simple’ IT services to the healthcare sector across New Zealand.
Oriens Capital invested in TMG Cloudland in December 2023, which was its fourth portfolio company investment in Fund 2. The transaction brought together Cloudland Limited and Tech Management Group Limited, two leading IT services business which deliver a comprehensive suite of IT services to small and medium sized business primarily in the healthcare and professional services sectors.
The first five months have been a busy time for Oriens’ latest portfolio company, with the integration of the two foundation businesses, and continued growth in customers and services. During this time Hon. Bill English was also appointed to the board as an independent director, further enhancing the governance structure of the group.
Read more about the Primary IT acquisition here