Advanced Computer Software Group plc (Advanced), a leading provider of healthcare and business management software and services has achieved its most successful year to date. Advanced has grown from zero to 450m market capitalisation in just five years and today has 2,000 employees and more than 20,000 customers.
In December, Advanced was named in the London Stock Exchange Group's '1,000 companies to inspire Britain' report, which celebrates some of the UK's most exciting and dynamic small and medium-sized enterprises.
Also in December, Advanced CEO, Vin Murria won Tech Personality of the Year in the UK Tech Awards 2013 and featured in an article published by The Times as one of five women who are leading the way in technology. The remaining four being Marissa Mayer, Yahoo!; Sheryl Sandberg, Facebook; Meg Whitman, Hewlett Packard; and Gini Rometty, IBM.
Murria says, "This has been a transformational year for Advanced. Merger and acquisition activity has been intense including the major acquisition Computer Software Holdings in March 2013. The integration of this business is almost complete and we now have an even stronger platform to develop and grow the whole Group, both organically and by acquisitions.
"The use of technology as an enabler of efficiency gains remains key across all sectors and we see further growth opportunities in 2014 for all our products and services but particularly in healthcare."
Advanced Health & Care now supports 85% of the providers to the new NHS111 market and over 90% of the unscheduled and urgent care sector. The division leads the way in the development of mobile working solutions and is seeing significant opportunity in the emerging community care market. In September 2013, Advanced acquired Avia Health Informatics, the developer and provider of clinical decision support and referral facilitation software.
In March 2013, Advanced acquired accounting and back office software business, Computer Software Holdings (CSH) for 110m. This was the Group's largest acquisition to date and strengthened and increased the scale of both the Group's Business Solutions and Managed Services divisions, bringing opportunities to cross-sell products and services into the SME market in addition to the professional services, legal and not-for-profit sectors.
During the year Advanced Business Solutions and Advanced 365 divisions were both accepted onto the G-Cloud 4 framework, consolidating their status as leading providers of cloud based solutions. The framework is designed to promote the adoption of cloud computing in the public sector and includes CloudStore, an online catalogue which displays cloud services.
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About Advanced Computer Software Group plcwww.advancedcomputersoftware.com
Advanced Computer Software Group plc ("Advanced or the "Group") is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.
The Group operates as three divisions:
Advanced Health & Care sells a range of products to the NHS and private healthcare sector including patient workflow management for urgent and unplanned care providers; patient case management for social care providers; mobile applications for care in the community providers and rostering applications for social care settings.
Advanced Business Solutions provides accounting, payroll, HR and document management solutions to local authorities, healthcare organisations, law firms and private sector businesses including banks, manufacturers, retailers, charities and travel companies.
Advanced 365 delivers managed services to support Group products and to a wide range of customers including banks and financial institutions, membership bodies and healthcare organisations. Services can be delivered either on-premise or as cloud-based models depending on customers' requirements.
Angela Mycock, Advanced Computer Software Group
+44(0)1625 856 513
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