Advanced grows international footprint with Australian acquisition
Mar 11, 2022
Software giant snaps up procurement technology company Portt to further extend its spend management portfolio
British software giant Advanced has acquired Portt, a fast-growing provider of SaaS procurement, contract and supplier management solutions in Australia and New Zealand. Portt’s customers include NSW Health, Ministry of Education and Super Retail Group while its team, located in Sydney and Ho Chi Minh, Vietnam, currently manage more than 63,000 private and public sector suppliers. Portt has previously worked in partnership with Advanced in the UK public and private sectors. As well as doubling its footprint in Australia, the acquisition extends Advanced’s spend management capability centred around eMarketplace and builds on the recent acquisition of CloudTrade. “We are thrilled to welcome Portt to the growing Advanced family – the integration of their technology will allow our combined customers to realise greater business efficiencies and productivity within their teams, proactively driving business improvement and growth,” said Gordon Wilson, CEO of Advanced. “This acquisition represents another significant step in our growth and international expansion strategy, building on our already successful footprint in Australia.”
The acquisition is Advanced’s 10th since 2020 and reinforces its determined growth trajectory and ambition to become the UK’s leading software and services provider.