BC, Vista-backed Advanced completed the acquisition of Tikit from BT Group for $102m.

Private equity firm BC Partners and Vista Equity Partners-backed Advanced, a software developer, completed the acquisition of Tikit, a legal software provider, from BT Group, a telecommunications company, for $102m. "We are excited to see Tikit enter a new phase as part of the Advanced family. As part of Advanced, Tikit will have access to software and development expertise together with extensive industry knowledge, taking the business to a new level of growth. The breadth of products and expertise that Advanced brings will provide a great opportunity for Tikit customers to gain access to a wider range of specialist technology, helping them to unlock their business potential,” Simon Hill, Tikit CEO.