Parabellum-backed Parseq picks up TALL Group

• The TALL Group offers document and payment processing systems
• Parseq provides multi-channel services to help organisations acquire new customers, retain market share and improve operational efficiency
• The TALL Group’s secure document and payment processing products will be incorporated into Parseq’s own established systems

Parabellum Investment’s portfolio company, Parseq, has acquired the TALL Group, a provider of secure print and payment systems.

Based in Runcorn in England, the TALL Group counts major UK banks and blue-chip companies among its clients, according to Parseq. These clients will be incorporated into Parseq’s global client base, which includes telecoms operators, utility providers and FTSE 100 financial services companies.

Parseq is a Rotherdam, England-based business services and IT provider. The acquisition of TALL Group establishes Parseq as one of the largest independent providers of specialist document and payment processing services in the UK, increasing its headcount to more than 520 staff, according to Parseq. The company automates 94 million images, digitises 70 million documents and processes £36 billion ($43.4 billion; €40.9 billion) of payments annually.

London-based Parabellum Investments is a family office operating as a global private equity firm, deploying its own capital to acquire companies that can be located anywhere in the world.