Content deleted Content added
m →top: replaced: it's → its |
added new info from Directors report for the year ended 28 February 2023 |
||
Line 15:
| location_country = [[United Kingdom]]
| area_served = [[United Kingdom]], [[Republic of Ireland]], [[India]], [[Australia]], [[Canada]] and [[United States]]
| key_people = Simon Walsh <small>([[Chief
| products =
| services =
| revenue = {{Unbulleted list|{{Increase}} £
| operating_income = {{Unbulleted list|{{Decrease}} -£446m (2023)|£107m (2022)}}
| net_income =
| assets =
| equity =
| owner = {{Unbulleted list|[[Vista Equity Partners]] (50%)|[[BC Partners]] (50%)}}
| num_employees = {{Unbulleted list|{{Increase}} 2,
| subsid =
| homepage = {{URL|oneadvanced.com}}
Line 34:
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 |last=Armstrong |first=Ashley |date=25 November 2014 |title=Advanced Computer Software agrees to £765m takeover by Vista |work=[[The Daily Telegraph]] |publisher= |url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/privateequity/11253036/Advanced-Computer-Software-agrees-to-725m-takeover-by-Vista.html |access-date=13 September 2018}}</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 brought in a new leadership team including
In August 2019, Vista sold a 50% stake in Advanced to [[BC Partners]] for £2 billion including debt.<ref>{{Cite web |title=BC Partners buys 50% stake in Advanced from Vista Equity |url=https://www.ft.com/content/1c1855fc-bce5-11e9-b350-db00d509634e |access-date=2020-09-13 |website=www.ft.com}}</ref>
In 2023, Advanced undertook a strategy refresh alongside changes to the executive management team, appointing Simon Walsh as Chief Executive Officer, Stephen Dews as Chief Financial Officer and Andrew Henderson as Chief Technology Officer. The aim of the strategy refresh is stated to prioritise resources into high growth market sectors and product categories.<ref name=":0">{{Cite web |title=ASTON MIDCO LIMITED filing history - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/FC037190/filing-history |access-date=2023-11-30 |website=find-and-update.company-information.service.gov.uk |language=en}}</ref>
=== Health and Care Cyber Incident ===
In August 2022, Advanced experienced a cybersecurity incident caused by [[Lockbit|LockBit 3.0]] ransomware.<ref>{{Cite news |date=2022-08-05 |title=NHS 111 software outage confirmed as cyber-attack |language=en-GB |work=BBC News |url=https://www.bbc.com/news/uk-wales-62442127 |access-date=2023-11-13}}</ref> Adastra, Caresys, Odyssey, Carenotes, Crosscare, Staffplan and eFinancials products were all affected, with varying downtime and recovery. Perpetrators of the attack were able to extract information relating to 16 Staffplan and Caresys customers.<ref>{{Cite web |date=2022-10-13 |title=Client data exfiltrated in Advanced NHS cyber attack |url=https://www.digitalhealth.net/2022/10/client-data-exfiltrated-advanced-nhs-cyber-attack/ |access-date=2022-10-27 |website=Digital Health |language=en-GB}}</ref>
The cyber attack including resulting remediation and outage credits cost the group £18.2 million in 2023 with a further £2.7 million provisioned for additional expenditure in future years.<ref name=":0" />
== Locations ==
| |||