TXP Launches to Drive Digital Modernisation in the Mid-Market Sector

By Anushka Malhotra

1 minute 42 seconds

Investment

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Quick Read: TXP has launched as a new digital transformation brand aimed at mid-market businesses, offering a combined consultancy, tech development, and IT resourcing model to accelerate modernisation efforts.

A new brand, TXP (Technology x People), has officially launched with a mission to revolutionise digital transformation for mid-sized organisations across the UK. Backed by private equity firm Aliter Capital, TXP combines the expertise of digital services provider Jumar and specialist IT resourcing firm Concept under a single banner.

With its integrated offering—spanning IT consultancy, technology development, and resourcing—TXP aims to close the gap between the growing digital demands of mid-market organisations and the limited support traditionally offered by larger system integrators.

“There’s a significant opportunity to help mid-sized businesses in sectors like finance, healthcare, retail, and the public sector, where internal IT teams often lack the resources or specialist knowledge to deliver large-scale modernisation. TXP provides a joined-up solution, combining cutting-edge technology services with deep resourcing capabilities."

said John Antunes, CEO of TXP.

Photo: John Antunes, Credit: TXP

Delivering End-to-End Digital Solutions

With over two decades of experience, TXP is one of a few global players with niche expertise in Gen transformation—a critical technology still powering core legacy systems in banking, insurance, and government. The company’s services range from legacy system modernisation, cloud migration, and application development to data services, AI, and cybersecurity.

TXP offers clients a flexible delivery model: complete end-to-end project delivery or tailored resourcing via a vast talent pool of over 140,000 IT professionals. This hybrid approach allows clients to scale teams on demand and quickly access in-demand expertise.

TXP’s client roster includes The Shipowners Club, Phoebus Software, and Beko Software, and it maintains partnerships with global system integrators like Capgemini.

Growing Talent and Innovation in the West Midlands

Headquartered in Birmingham, with regional offices in Dudley, Milton Keynes, and London, TXP currently employs 180 full-time staff. The company plans to double its workforce within the next three to four years through strategic acquisitions and organic growth—creating up to 100 new jobs in the West Midlands alone.

“Our growth strategy is aligned with Aliter Capital’s buy-and-build approach,” Antunes added. “We're actively pursuing acquisitions that extend our capabilities and align with our clients’ needs. With deep domain knowledge in legacy systems and a modern delivery model, we’re excited about the future of TXP.”

TXP was initially formed through Aliter’s 2022 acquisition of Concept, followed by the 2023 acquisition of Jumar. With the brand now unified, TXP is poised to become a key player in helping mid-market organisations modernise and scale with confidence.

What's new

West Midlands Health Tech Innovation Accelerator Unlocks Nearly £50M in Private Investment

The West Midlands Health Tech Innovation Accelerator (WMHTIA), led by the University of Birmingham, has generated an impressive £49.4 million in private co-investment within its first two years, significantly surpassing its original £14.5 million public funding allocation.

Funded through the Innovation Accelerator programme, coordinated by Innovate UK, the Department for Science, Innovation and Technology, and UK Research and Innovation, WMHTIA has become a leading force in advancing health technology innovation across the region.

The majority of the private investment—£36.3 million—was directly committed by investors to enterprises supported by the Accelerator. This achievement represents a threefold return on the initial public investment, demonstrating the strong investor confidence in the region’s health tech sector.

Powering Health Innovation Through Collaboration

The WMHTIA brings together 21 partners from academia, industry, and the NHS to help healthtech companies develop, validate, and commercialise cutting-edge medical technologies. So far, companies supported through the programme have also secured an additional £10 million in national public grants from agencies including NIHR, Eureka, and Innovate UK.

Including both public and private contributions, the total investment leveraged by WMHTIA now stands at £67.3 million.

Professor Adam Tickell, Vice-Chancellor, University of Birmingham:

We’re proud to support startups through the riskiest stages of innovation so more life-saving technologies reach patients. This exceptional investment proves what’s possible when academia, the NHS, and industry work together to drive economic growth and better health outcomes.

In March 2025, the Innovation Accelerator programme was extended with a further £30 million, including £4 million for the WMHTIA to continue supporting the region’s innovators in 2025/26.

Backing the Future of Health Tech

Richard Parker, Mayor of the West Midlands:

The West Midlands is leading medical tech innovation—from faster diagnoses to shorter hospital stays. Healthtech isn’t just improving lives; it’s creating secure, high-value jobs that drive inclusive growth.

Dean Cook, Executive Director of Place and Global, Innovate UK:

This programme shows how place-based innovation can unlock greater business investment in R&D. By connecting the region’s strengths, we’re creating high-value jobs and building globally significant innovation capability.

The WMHTIA continues to strengthen the region’s reputation as a national hub for health technology, with far-reaching benefits for patient care, job creation, and regional economic development.

By Anushka Malhotra

24 Jun