Advanced Acquires Mitrefinch from LDC
October 16, 2020
Advanced has acquired workforce management software specialist Mitrefinch from mid-market private equity firm LDC following a four-year partnership. Under LDC, Mitrefinch transformed into a SaaS business—doubling revenues to £24 million, growing headcount ~64%, and serving ~4,400 customers—while Advanced expects to integrate Mitrefinch’s workforce management capabilities into its cloud HR suite.
- Buyers
- Advanced
- Targets
- Mitrefinch
- Sellers
- LDC
- Industry
- Cloud & SaaS
- Location
- United Kingdom
- Transaction Type
- Buyout
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