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Advanced completed the acquisition of Portt.

Synopsis

Advanced, a British software and services provider, completed the acquisition of Portt, a provider of SaaS procurement, contract and supplier management solutions in Australia and New Zealand. Financial terms were not disclosed. "We are thrilled to welcome Portt to the growing Advanced Family – the integration of their technology will allow our combined customers to realise greater business efficiencies and productivity within their teams, proactively driving business improvement and growth. This acquisition represents another significant step in our growth and international expansion strategy, building on our already successful footprint in Australia. This is an extremely complementary acquisition strategically as we focus on building out our complete ERP offering comprising Financial, Spend and People Management in both the UK and ANZ and another significant addition of world class innovative technology for our customers," Gordon Wilson, Advanced CEO.

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