ADVT has acquired HFX, a workforce management software provider, for 1.6x sales. The acquisition aligns with ADVT’s strategy of investing in mission-critical domain-specific products that can be enhanced by ADVT’s sales and back-office expertise. Additionally, HFX is complimentary ADVT’s existing workforce management brand (WFM) adding new customers and a SaaS solution that can win new logos and enable cross-selling. Post this acquisition ADVT still has £104m of net cash plus liquid investments ....
