AdvancedAdvT Limited conditionally agreed to acquire the entire issued and outstanding share capital of five software businesses from Capita plc for a combined enterprise value of approximately £33 million in cash.

The Acquisitions will create a platform to develop the Company by exploring growth opportunities in synergistic sectors and by targeted investment and M&A activities.

In the year ended 31 December 2022, the Acquisitions generated a total revenue of approximately £35 million, with approximately 74% of the revenue being recurring or from Software-as-a-Service (SaaS).

CIBS - Financial & Business Solutions

CIBS is a specialist provider of innovative financial management software solutions and services to 150 public and private sector organisations in the UK.

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CHKS and Synaptic - Governance Risk and Compliance (GRC)

CHKS is the only provider of scale in the UK offering tech-enabled accreditation, benchmarking and clinical coding services to the healthcare industry.

Synpatic is An end-to-end research led SaaS technology solution platform, providing a full suite of data, compliance, suitability and research tools for the UK financial advice market.

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Retain and WFM - Global Professional Services and Workforce Automation Software

Retain is an industry leading global resource planning and talent management software and SaaS provider.

WFM is a workforce management software provider, with well established UK presence and embedded relationships across 300+ clients.

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