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CFO diaries

Advanced may be the biggest British software business you’ve never heard of – for now. CFO Andrew Hicks talks to Nina Bryant about the importance of connectedness in the company’s quest to become the market leader

Until national news media reported an impressive £2bn deal being done on a British business back in August, Advanced may well have been “the biggest software company that no one has ever heard of”. That was the modest assessment of the company’s CFO Andrew Hicks, when he spoke exclusively to Business & Management as the ink was drying on the deal in question.

“We’re quite a scalable business,” says Hicks. “That said, we’re small enough to be nimble and to care about out clients.” That relative smallness – Advanced is technically already the third-largest provider of business software services in the UK – represents no barrier to private equity firm BC Partners (BCP), the company whose faith thrust Advanced into the headlines. It joins US firm Vista Equity Partners in helping to shape the latest Advanced adventure, presumably attracted by that promise of scalability.

This is an extract from the Business & Management Magazine, Issue 279, November 2019.

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