Advanced, a Slough, UK-based provider of business software solutions, secured an investment from Funds advised by BC Partners.
The amount of the deal was not disclosed.
The company intends to use the funds for growth in the UK and globally.
Vista Equity Partners, an investment firm focused on enterprise software, data, and technology-enabled businesses, who acquired Advanced in 2015, will continue as an investor, partnering with BC Partners and the Advanced team to accelerate adoption of the company’s solutions.
Led by Gordon Wilson, CEO, Advanced provides cloud-based ERP, vertical market and application modernisation software solutions with a track record in helping customers manage private, public and hybrid Cloud environments as well as deliver sector specific Cloud-based solutions and services. It is a certified partner with Amazon Web Services (AWS) and Microsoft.
Since 2015, the company has recruited more than 900 new hires across three regional hubs. More recently, it has launched 14 cloud-based SaaS solutions and completed six acquisitions, further extending its offerings to UK mid-market organizations in the public, private and third sectors.
The cloud solutions are used by organizations of all shapes and sizes including Highways England, Performing Rights Society (PRS) and Aspire Furniture.
FinSMEs
13/08/2019