28 July 2008 | Paul Snell
Supplier management firm TiVA has merged with supply chain firm Exor Management Services.
The two companies are currently around two-thirds of the way through the integration process that is expected to be completed within the next three months. TiVA customers will continue to be supported and managed by TiVA staff, who will join Exor.
Ian McKinnon, CEO of Exor, said: "Exor will ensure the continuing delivery of services to TiVA's existing and prospective clients, whilst sharing the best practice of each organisation across the business' respective customer bases."
Andy Brown, chief executive of TiVA, added the deal would benefit TiVA customers as the company would be able to offer a more comprehensive service with Exor bringing experience of compliance and risk management and TiVA providing procurement and supply chain expertise.
TiVA's customers include Starbucks, Carnival UK and Associated Newspapers. Exor's clients are mainly from the public sector and the firm is backed by investment firm Barclays Venture Capital.