Clearwater International advises Advanced on its acquisition of workforce management company Mitrefinch

Clearwater International has advised Advanced on its acquisition of Mitrefinch, a global provider of workforce management solutions. This is Advanced’s third acquisition since it received an investment from funds advised by BC Partners and Vista Equity Partners to accelerate growth in August 2019. The deal marks an exit for leading mid-market private equity investor LDC, which first backed Mitrefinch in 2016.

This latest deal boosts Advanced’s market share in HCM, and further strengthens its offering with Cloud HR at its core, by offering a complete digital HR lifecycle from recruitment to retirement and full management of the employee journey, whilst further supporting the company’s ambition to become the number one provider of business software solutions in the UK and broadening its global reach.

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 business supports approximately 4,400 customers in over 80 countries to increase productivity, profitability and manage their workforce effectively, solving the complexities of managing time.