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Advanced Computer Software Group Ltd. (Advanced), one of the UK’s fastest growing software providers, has secured a ranking on The Sunday Times Grant Thornton Top Track 250 league table for the first time. The table ranks Britain’s private mid-market growth companies with the biggest sales.

One of the UK’s top business success stories, Advanced has grown its revenue to more than £200m in six years, and ranks #135 in the league table. Advanced, which employs 2,000 members of staff, is the third largest UK-based software and IT services provider to the UK market. Over the last year alone, the Group has seen operating profits rise by 22%.

Top Track 250 is compiled by Fast Track, a research and networking events company focusing on top private companies, and published in The Sunday Times each October.

The list recognises companies which have sales ranging between £140m and £650m, representing the next tier down from the sister Top Track 100 biggest private companies. Businesses typically have between 100 and 5,000 staff and are owned by established families, entrepreneurs and private equity firms.

Gordon Wilson, CEO of Advanced Computer Software Group Ltd. says: “We are delighted to have been shortlisted for The Sunday Times Grant Thornton Top Track 250, which recognises our excellent sales growth over the last financial year.

“We will continue to drive our success by further investing in our products and continuing to provide excellence in innovative technology and customer support, leading us to our goal of becoming a world class organisation.”

Norman Armstrong, Partner at Grant Thornton UK LLP, the title sponsor of the league table, praised the companies for their performance: “It’s inspiring to see such a diverse range of businesses creating growth opportunities both at home and abroad and positively contributing to the UK economy.

“Many of the businesses highlighted are recognising that the best way to grow and create sustainable profits is by developing new, innovative ways to serve their customers, alongside making a broader contribution to society.”

Advanced provides software and services to both public and private sectors, which enable organisations to improve efficiency, reduce costs and drive growth. The Group was acquired by private equity firm, Vista Equity Partners (Vista) for an enterprise value of £750 million in March 2015.

Top Track 250 was launched 11 years ago to recognise the success of Britain’s private mid-market growth companies. Since its launch more than 800 British companies have appeared in the league table, which is sponsored by Grant Thornton and Barclays.

-ENDS-

Note to editor

Fast Track has published league tables of top-performing private companies with The Sunday Times for the past 19 years. Its invitation-only dinners provide a valuable opportunity for entrepreneurs to network and meet its sponsors. The company was founded and is run by Dr Hamish Stevenson, who also holds an associate fellowship at Green Templeton College, Oxford University.

League table criteria:

Companies are ranked by sales in their latest available accounts. The league table complements the Sunday Times Top Track 100 league table of Britain’s private companies with the biggest sales, listing the next 250 biggest companies, provided sales or operating profits have increased by at least 10% from the penultimate to their latest financial year.

Companies have to be limited and registered in the UK, unquoted, and not subsidiaries. Companies may have their ultimate holding company offshore.

Companies where the majority of turnover is generated by a quoted subsidiary are excluded, as are not-for-profit companies, cooperative societies, member-owned buying groups, mutual societies, provident associations, betting exchanges, and partnerships such as lawyers and accountants. The research was carried out by Fast Track and accounts filed later than 1 September 2015 may not have been considered in compiling the league table.
About Grant Thornton UK LLP

Grant Thornton is a leading financial and business adviser. Our focus is on unlocking growth for dynamic organisations – those changing, growing and shaping the economy, from start-ups through to large corporates.

Our underlying purpose is to build a vibrant economy, based on trust and integrity in markets, dynamic businesses, and communities where businesses and people thrive. We work with banks, regulators and government to rebuild trust through corporate renewal reviews, advice on corporate governance, and remediation in financial services. We work with dynamic organisations to help them grow. And we work with the public sector to build a business environment that supports growth, including national and local public services.

www.grant-thornton.co.uk @GrantThorntonUK

About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

Our business is built on strong personal relationships, and we would welcome the opportunity to discuss your ambitions with you, and how we can support you to achieve them in the right way.
www.barclays.com @BarclaysUK

About Advanced Computer Software Group

Advanced Computer Software Group Limited (Advanced) is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.

In 2014, the Group won Tech Company of the Year in PwC’s UK Tech Awards. Advanced was also ranked in the Deloitte UK Fast 50, which recognises the 50 fastest growing technology companies in the UK and ranked in the top 300 technology companies in Deloitte’s EMEA rankings.

The Group operates as three divisions:

Advanced Health & Care sells a range of products to the NHS and private healthcare sector including patient workflow management for urgent and unplanned care providers; patient case management for social care providers; mobile applications for care in the community providers and rostering applications for social care settings.

Advanced Business Solutions provides accounting, payroll, HR, CRM and document management solutions to local authorities, healthcare organisations, law firms and private sector businesses including banks, manufacturers, retailers, charities and travel companies.

Advanced 365 delivers managed services to support Group products and to a wide range of customers including banks and financial institutions, membership bodies and healthcare organisations. Services can be delivered either on-premise or as cloud-based models depending on
customers' requirements.

www.advancedcomputersoftware.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Advanced in the following categories: Business & Finance, Public Sector, Third Sector & Legal, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.