Tikit joins BT update
Friday 18 January saw the Tikit Group formally became part of the BT as a semi-autonomous company within of the BT Enterprises division. Tim Springham will become the new CEO on 18th February, succeeding David Lumsden who will be remaining with the company for at least a six month transition period. Simon Hill will remain in his current role as professional services director.
Tim Springham, CEO Designate said, “We are proud to welcome Tikit into our family of IT and telecoms businesses. The partnership with Tikit gives us a great opportunity to leverage the breadth of joint products and services, as well as maximising the power of our brands and global reach. We will expand our IT services capability together and continue to grow both businesses. BT is committed to investing in and growing Tikit, developing new products and services, as well as using our global reach to enter new geographic markets.”
In a letter to customers, outgoing CEO David Lumsden said “I wanted to assure you that we envisage no dilution to the propositions we offer you today and we will continue our focus on the legal and accounting sectors and providing unrivalled customer service. The Tikit Board unanimously agreed to recommend BT’s offer because of their desire to continue our sector focus, their plans to invest in growing Tikit and their strategy to run Tikit as a predominantly stand-alone business. I feel certain that this will be a winning combination – enabling us to be agile and entrepreneurial, while benefiting from BT’s investment and global reach.”
Tikit will join a portfolio of six other separately managed businesses within BT Enterprises, a division of BT Retail. Each of these businesses benefit from the power of the BT brand to provide IT, communications and network services, whilst maintaining the autonomy and entrepreneurial spirit of a standalone business.