Advanced announced that it has acquired Tikit, a global legal, accounting and professional services software business, from BT Group.
This is the company’s fifth acquisition in twelve months – and it reinforces Advanced’s ambition to become the number one provider of business software solutions in the UK whilst simultaneously extending its global footprint.
Tikit is a British-headquartered business that focuses its solutions around four key business challenges for professional services firms: Practice and Case Management; Time and Billing; Document Lifecycle; and Marketing and Business Development. Across each of these areas, Tikit provides a connected environment comprising its proprietary software complemented by applications from long-standing partners, to create integrated and specialised solutions.
Tikit broadens the market opportunity for Advanced solutions to include the top 100 to 200 UK law firms, being complementary to Advanced’s existing presence within small to medium sized firms. It also expands Advanced’s operations in North America, Australia and EMEA.
The divestment of Tikit aligns with BT’s ongoing transformation programme and strategy of focusing on converged connectivity and services, with further investments in both its fixed and mobile networks such as full fibre and 5G.
Gordon Wilson, CEO of Advanced
This sector is an increasingly enthusiastic adopter of sophisticated technology and we have worked hard to innovate and develop valuable solutions that they require. This acquisition will enhance our ability to provide innovative and specialist software solutions to meet clients’ needs – now and into the future.
Gerry McQuade, CEO of BT's Enterprise Unit
With BT’s renewed focus on investing in our core business, the time is right for a new owner to maximise Tikit’s full potential.
