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UK: PE-backed Advanced buys training platform Pellcomp

Advanced, a software and services provider backed by Vista Equity Partners and BC Partners, has acquired Pellcomp Software, the vendor behind Pics, a platform for training and employability providers.

Based in Norwich, Pellcomp Software has 43 employees and around 470 organisations as clients and is a subsidiary of Trinity Software. Pics offers a case management solution for Department for Work and Pensions contract holders and a learning management system for Education and Skills Funding Agency-funded and commercial delivery, including apprenticeships, traineeships and study programmes.

Gordon Wilson, chief executive of Advanced, said: “This acquisition will enable Advanced Education to offer a full 360-degree learning and skills platform giving employers, colleges and private training providers an intuitive learning and skills management solution.”

Martin Robson, managing director, Pellcomp, added: “Working with Advanced will enable us to grow and enhance our already leading LMS platform by integrating it with Advanced’s existing solutions driving efficiency and quality for training providers, employers and colleges alike.”

Just over a year ago Advanced added e-learning platform bksb and ed tech Smart Apprentices to its education portfolio. With 2,700 employees, the group generates annual turnover of around £330 million, according to its website.

Vista Equity Partners took Advanced private in March 2015, in a deal that valued the company at £750 million. Shareholders received 140 pence per share equating to an equity value of approximately £725 million.

Subsequently, private equity firm BC Partners invested in the business in August 2019, acquiring a stake of around 50% for approximately £2 billion, according to press reports. Vista retained a stake in the business and continued to support its growth alongside BC Partners.

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