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Advanced acquires software company Mitrefinch

Advanced IT services has announced that it has acquired Mitrefinch, a global provider of workforce management solutions.

This latest deal will reportedly boost Advanced’s market share in HCM, and further strengthen its offering with Cloud HR at its core.

The company suggested the deal will offer “a complete digital HR lifecycle from recruitment to retirement and full management of the employee journey.”

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Established in 1979, Mitrefinch “provides user-friendly, cutting edge products across integrated time and attendance, payroll, HR and access control with sophisticated analytic capability.”

The company reportedly helped 4,400 customers in over 80 countries increase its productivity, profitability and manage its workforce effectively.

Gordon Wilson, CEO of Advanced said: “The innovative workforce management solutions developed by Mitrefinch are an exceptional fit with our existing best of breed Cloud HR solution.

“We’ve seen the impact of Covid-19 change the future of workforce management and shifting workforce expectations, leaving companies facing uncertainties with regards to resourcing and staffing.”

Cloud HR is said to provide a “centralised engine for HR departments and offers automation for manual processes” whilst incorporating the integrated time and attendance, payroll, HR and access control solutions.

Matt Jenkins, CEO of Mitrefinch said: “Mitrefinch has a strong reputation for developing transformative products that help companies solve the complexities of managing time.

“Covid-19 has accelerated digital disruption in the HCM sector and we’re excited to be part of Advanced’s journey in disrupting the market further.”

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