Leading UK Provider of Advanced Software Services Acquires Portt and Expands Vendor Presence
Advanced, a UK software and services provider, has acquired portAustralia’s fastest growing provider of procurement, contract and vendor management solutions in Australia and New Zealand. Advanced is associated with some of the most prestigious clients such as NSW Health, Super Retail Group and the Department of Education. The company has a strong presence in the UK and with its geographic expansion plans, this acquisition is nothing but a strategic investment. According to Forrester Research, the global procurement software industry will grow 17% by the end of 2022, worth up to $14 billion. With more and more organizations looking to streamline costs, there’s no better time than now for this acquisition. Prior to Portt, Advanced acquired CloudTrade, a market leader in document automation.
Speaking of their acquisition with Portt, Gordon Wilson, CEO of Advanced, said: “We are delighted to welcome Portt to the growing Advanced family – integrating their technology will enable our combined customers to achieve greater business efficiency and greater productivity within their team, proactively driving business improvement and growth. Explaining this as an international expansion strategy, the company aims to create a comprehensive ERP that includes finance, expense and people management in the UK, Australia and New Zealand.
Portt has helped several organizations solve critical issues with minimal hassle and using simple tools that can be easily customized and deployed within their existing framework. “We are extremely proud of what we have achieved with Portt,” said Chris Holmes, co-CEO and co-founder of Portt. “Being part of the Advanced family allows us to be part of a premier financial and expense management software organization, with our world-class procurement technology, providing a force multiplier to customers,” added Chris . The entire Portt team is excited to work with Advanced and together they can deliver real results and value to the system.
“The combination of Advanced’s strong presence in the UK with the ambition to expand into ANZ, and our strong footprint in ANZ with the ambition to expand into the UK makes it a win-win” , said Andre Pinkowski, co-CEO and co-founder of Portt. “This acquisition will amplify what Chris and I have already worked hard to accomplish, and we are confident that our employees will jump at the great opportunity that exists in being part of a larger organization that shares our values,” added Andre. The company has always had plans for expansion outside of ANZ. This acquisition could not have come at a better time. Portt’s team has extensive experience in software development, software lifecycle project management, data analytics, enterprise professional services, public and private sector consulting, entrepreneurship and systems architecture.
To learn more, visit the website at: https://www.portt.com/news/advanced-grows-its-international-footprint-acquiring-fastest-growing-australian-procurement-technology-company-portt/
Portt, founded in 2010, provides supplier and contract management tools in Australia and New Zealand. Portt is a key partner in strategic ICT business projects as well as procurement and contract management. The company is fully equipped to steer organizations, help them transform their businesses and take full control of their supplier and contract management operations.
Portt – An Advanced Company
Portt Head Office, Level 2/51 Walker Street, North Sydney NSW 2060
Build ID: 248573