Pellcomp Sold To Advanced Software
Location
Sector
Deal Type
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Bishopsgate further demonstrates its deep technology sector expertise with another EdTech transaction
Bishopsgate is delighted to announce the sale of Edtech provider Pellcomp to Advanced Software further demonstrating their deep sector knowledge across the software and Edtech industries.
Pellcomp software is the market leading Case Management System (CMS) and Learning Management System (LMS) software provider to 500 UK training and employability providers. Pellcomp’s PICS platform supports the end-to-end onboarding, employer engagement, administration, delivery and management of ESFA funded and commercially delivered learning programs and provides case management for Department of Work and Pensions (DWP) employability contracts.
Advanced Software is the third largest software and services company in the UK and is owned by Private Equity firms Vista and BC Partners. Following several recent acquisitions in the education industry of digital learning provider, Smart Apprentices and functional skills provider, bksb, the acquisition of Pellcomp will see Advanced Education further extend its breadth of solutions into the education sector supporting the rapid acceleration of digital learning that prioritise the learner experience for colleges, employers and private training providers.
The acquisition reinforces Advanced’s ambition and determined growth trajectory to become the UK’s best software and services provider.
Bishopsgate Advisors
Ed Wesson
Martin Robinson – Managing Director, Pellcomp
We are thrilled to be joining the Advanced Family at this very exciting and transformational stage in both our growth as a business but also in the education sector.
We see a huge opportunity for edtech in supporting and improving learner attainment for employers, colleges and private training providers. 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.
Gordon Wilson – CEO, Advanced Software
We are currently seeing a rapid adoption of digital learning models with learners increasingly seeing them as more convenient and valuable compared to traditional classroom learning. This combined with personalised learning, collaborative models and a growth in gamification is transforming the sector. Skills and training providers are seeking out technology solutions to gain greater control and transparency of their learners’ progress and attainment as well as looking for tighter budgetary, funding and compliance management. 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.
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