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 ....

14 May 2025
Complimentary workforce management acquisition

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Complimentary workforce management acquisition
AdvancedAdvT Ltd. (ADVT:LON) | 170 0 0.0% | Mkt Cap: 231.9m
- Published:
14 May 2025 -
Author:
James Musker -
Pages:
3 -
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 ....