Advanced Computer Software: Difference between revisions

Revision as of 15:51, 21 January 2025

Revision as of 18:24, 19 May 2025

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{{COI|date=May 2019}}

{{Infobox company

| name = Advanced Computer SoftwareOneAdvanced Group Ltd.Limited

| logo = Advanced Logo.png

| logo_size = 300px

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| products =

| services =

| revenue = {{Unbulleted list|{{Increase}} £346m (2024)|{{Increase}} £322m (2023)|£317m (2022)}}

| operating_income = {{Unbulleted list|{{Decrease}} -£446m (2023)|£107m (2022)}}

| net_income = {{Unbulleted list|{{Increase}} -£42.4m (2024)| -£50.5m (2023)}}

| net_income =

| assets =

| equity =

| owner = {{Unbulleted list|[[Vista Equity Partners]] (50%)|[[BC Partners]] (50%)}}

| num_employees = {{Unbulleted list|{{Decrease}} 2,864 (2024){{Increase}} 2,960 (2023)|2,676 (2022)}}

| subsid =

| homepage = {{URL|oneadvanced.com}}

}}

'''Advanced Computer SoftwareOneAdvanced Group LtdLimited.''' (operating as '''OneAdvanced''') is a British private company founded by [[Vin Murria]] in 2008. The company has its headquarters in [[Birmingham]], West Midlands and provides information technology services including hosting and cloud based systems to the [[National Health Service|NHS]] and many other organisations. Through various acquisitions, in 2016 it became the third largest software provider in the UK market while employing over 2,400 people with a customer base of more than 20,000 organisations.

==History==

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In August 2019, Vista sold a 50% stake 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, the company 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 was 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> Part of this refresh, which cost £8.2m<ref name=":2">{{Cite web |title=ONEADVANCED GROUP LIMITED filing history - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/05965280/filing-history |access-date=2025-05-19 |website=find-and-update.company-information.service.gov.uk |language=en}}</ref>, included updating the operating name from "Advanced" to "OneAdvanced".

=== Health and Care Cyber Incident ===

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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> 82,946 people were affected by the breach which included phone numbers and medical records, as well as details of how to gain entry to the homes of 890 people who were receiving care at home. <ref name=":1">{{Cite web |date=2024-08-07 |title=Provisional decision to impose £6m fine on software provider following 2022 ransomware attack that disrupted NHS and social care services |url=https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2024/08/provisional-decision-to-impose-6m-fine-on-software-provider-following-2022-ransomware-attack/ |access-date=2024-08-07 |website=ico.org.uk |language=en}}</ref>

The cyber attack including resulting remediation and outage credits cost the group £18.2 million in 2023<ref withname=":0" a/> furtherand £29.74 million provisioned for additional expenditure in future years.2024<ref name=":02" />.

The [[Information Commissioner's Office]] announced in August 2024 a provisional decision to impose a fine of £6.09m on the company, following an initial finding that the provider failed to implement measures to protect the personal information.<ref name=":1" /> The ICO and Advanced agreed a voluntary settlement in March 2025<ref>{{Cite web |date=2025-03-27 |title=Software provider fined £3m following 2022 ransomware attack |url=https://ico.org.uk/about-the-ico/media-centre/news-and-blogs/2025/03/software-provider-fined-3m-following-2022-ransomware-attack/ |access-date=2025-05-19 |website=ico.org.uk |language=en}}</ref>. Advanced agreed to pay a final penalty of  £3,076,320 without appealing. The final investigation found that personal information belonging to 79,404 people was taken, including details of how to gain entry into the homes of 890 people who were receiving care at home.

=== Sale of application modernization business ===

In January 2024, [[IBM]] announced that it had signed a definitive agreement to acquire application modernization capabilities from Advanced. TheThis transactionpart wasof expectedAdvanced tobecame close in the second quarterpart of 2024. The team are to join the [[IBM Consulting]] division with service offerings aiming to complement the capabilities of [[IBM Watsonx]] Code Assistant for Z.<ref>{{Cite web |title=IBM to Acquire Application Modernization Capabilities from Advanced |url=https://newsroom.ibm.com/blog-IBM-to-Acquire-Application-Modernization-Capabilities-from-Advanced |access-date=2024-08-07 |website=IBM Newsroom |language=en-us}}</ref> Advanced had net proceeds of £112.7 million from the sale of the division.<ref name=":2" />

== Locations ==