AIM-listed AdvancedAdvT has acquired Plymouth-based Goss Technology Group for 拢13.5m.
The international software solutions provider says that the move for Goss strengthens its position in the public sector by expanding its portfolio.
Goss, a provider of a digital platform enabling public sector organisations to achieve digital transformation through innovative digital and online solutions, was founded in 1999 and employs around 70 people.听
Its latest accounts show annual revenue at 拢5.4m for the 12 months ended 30th June 2024.听听
The move will also open up cross-selling opportunities within AdvancedAdvT鈥檚 existing public sector customer base, broadening its reach across the UK and Ireland.
The company agreed to acquire HFX for 拢5.3m just over two weeks ago.
鈥淲e are delighted to announce the acquisition of Goss, a recognised leader in digital transformation in the public sector,鈥� said Vin Murria OBE, chairperson of AdvancedAdvT.
鈥淭his acquisition aligns strongly with our strategy to invest in quality software businesses that drive efficiency and long-term value for its customers. Goss’s innovative low code solutions and deep-rooted relationships within local government strengthen our offering and broadens our reach.听
鈥淲e look forward to working closely with the Goss team to unlock value and deliver enhanced integrated solutions to a broader client base.
鈥淲e continue to look for complementary acquisitions that further enhance our offering to clients and create value for shareholders.鈥�