Progressive, leading UK software services provider acquires Portt and expands its supplier footprint
Portt, Australia’s fastest growing provider of procurement, contracting and management solutions in Australia and New Zealand
Advanced, a UK software and services provider, recently acquired portthe fastest growing Australian provider of procurement, contract and supplier management solutions in Australia and New Zealand. Progressive is associated with some of the most prestigious clients such as NSW Health, Super Retail Group and the Department of Education. The company has a strong presence in the UK and with its plans to expand its geographic footprint, this acquisition is nothing short of a strategic investment. According to Forrester Research, the global procurement software industry will grow 17% to be worth up to $14 billion by the end of 2022. With more and more companies looking to optimize their costs, there’s no better time than now to make this acquisition. Prior to Portt, Advanced acquired CloudTrade, a leader in document automation.
Speaking to Portt about the acquisition, Gordon Wilson, CEO of Advanced said, “We are very pleased to welcome Portt to the growing Advanced family – the integration of their technology will enable our mutual customers to achieve greater business efficiencies and… Achieve productivity and proactively drive business improvement and growth.” The company explains it as an international expansion strategy and aims to build a full ERP encompassing finance, spending and human resource management in the UK, Australia and New Zealand.
Portt has helped several organizations address critical issues with minimal effort and using simple tools that can be easily customized and deployed within their existing framework. “We’re very proud of what we’ve accomplished with Portt,” said Chris Holmes, co-CEO and co-founder of Portt. “As part of the Advanced family, our best-in-class procurement technology allows us to be part of a best-in-class finance and spend management software organization that offers clients a power multiplier,” added Chris. The entire Portt team is excited to work with Advanced and together they can deliver real results and value to the system.
“The combination of Advanced’s strong UK presence with a desire to grow in ANZ and our solid presence in ANZ with a desire to expand into the UK makes it a win-win,” said Andre Pinkowski, Co -CEO and co-founder of Portt. “This acquisition will reinforce what Chris and I have already worked hard for and we are confident that our people will seize the great opportunity that presents itself as part of a larger organization that shares our values,” added Andre. The company always had plans to expand outside of ANZ. This acquisition could not have come at a much better time. Portt’s team has a range of experience in software development, software lifecycle project management, data analysis, enterprise professional services, public and private sector consulting, entrepreneurship and systems architecture.
To learn more, visit the website at: https://www.portt.com/news/advanced-grows-its-international-footprint-acquiring-fastest-grancing-australian-procurement-technology-company-portt/
Founded in 2010, Portt provides supplier and contract management tools in Australia and New Zealand. Portt is a key partner in strategic ICT business projects, procurement and contract management. The company is fully equipped to steer the organizations, helping them transform their businesses and gaining full control over their supplier and contract management operations.
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