Advanced Computer Software: Difference between revisions

Revision as of 05:01, 28 October 2022

Revision as of 14:35, 1 November 2022

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Advanced was founded by [[Vin Murria]] in 2008. Originally listed on the [[Alternative Investment Market]] in 2008 with a cash value of £3 million it was bought by [[Vista Equity Partners]] in 2014 for £765 million. From the 18% stake Murria held in Advanced she took £140.2m from the sale making her one of the wealthiest women in the UK.<ref>{{cite news |title=Advanced Computer Software agrees to £765m takeover by Vista |url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/11253036/Advanced-Computer-Software-agrees-to-765m-takeover-by-Vista.html |access-date=13 September 2018 |publisher=Telegraph |date=25 November 2014}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}}</ref> Murria was awarded an [[OBE]] for services to the UK digital economy and advancing women in the software sector in the [[2018 New Year Honours]].<ref>{{cite news |title=Softcat director and TechUK president included on New Year Honours list |url=https://www.channelweb.co.uk/crn-uk/news/3023633/murria-and-de-rojas-included-in-new-year-honours |access-date=13 September 2018 |publisher=Channel web |date=2 January 2018}}</ref>

At the time of sale, Vista boughtbrought in a new leadership team including current chief executive officer Gordon Wilson, and chief financial officer Andrew Hicks.

In August 2019, Vista sold a 50% stake in Advanced to [[BC Partners]] for £2 billion including debt.<ref>{{Cite web|title=Subscribe to read {{!}} Financial Times|url=https://www.ft.com/content/1c1855fc-bce5-11e9-b350-db00d509634e|access-date=2020-09-13|website=www.ft.com}}</ref>