Its fifth acquisition in the last year, Advanced‘s acquisition of Tikit expands its portfolio of software offerings in the UK, as well as its footprint worldwide.
With a presence within small and medium-sized businesses already established, its acquisition of Tikit will broaden Advanced’s reach to include the top 100-200 law companies in the UK.
The deal will also see Advanced enter markets in North America, Australia, and EMEA.
“The professional services sector, in particular the legal market, is a strategic growth priority for us,” said Gordon Wilson, CEO of Advanced. “This sector is an increasingly enthusiastic adopter of sophisticated technology and we have worked hard to innovate and develop valuable solutions that they require.”
Based in the UK, Tikit’s global services focus on practice and case management, time and billing, document lifecycle and marketing and business development within professional services.
The legal, accounting and professional services software provider was acquired by BT Group in 2012, and was a part of its Enterprise division.
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BT’s divestment of Tikit comes as part of its ongoing transformation programme, as it increases focus on converged connectivity, with further investment being made into 5G and full fibre capabilities.
“With BT’s renewed focus on investing in our core business, the time is right for a new owner to maximise Tikit’s full potential,” said Gerry McQuade, CEO of BT’s Enterprise unit.
“Our colleagues at Tikit have been a valued part of BT for the past seven years, and I wish them every success for the future within Advanced.”
Simon Hill, CEO of Tikit, said: “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.”