News & blog

Chess continues ICT market consolidation

CHESS ICT, a division of  Cheshire-based Chess Telecom, has bought Pinnacle CDT for £2.8m.

Pinnacle CDT provides data, telecommunication and certain IT support services to a large customer base from offices in Glasgow and Stockton-on-Tees. The business provides services across its own core network, own help desk and own softswitch.

It includes subsidiary companies: Accent Telecom UK Limited (now renamed Pinnacle CDT), Pinnacle Telecom plc and Pinnacle Cloud Solutions Limited.

In the year to 30 September 2015, the business generated revenue of £6.7m, a net loss before tax and head office costs of £200,000 and had net liabilities of £2.3m.

Pinnacle CDT employs 27 people, all of whom will transfer to Chess. Read More