York software provider snaps up US firm
Mitrefinch, the York-headquartered workforce management software provider, is set to accelerate its growth in the US market with the acquisition of Advance Systems America.
Advance Systems America has been a partner of Mitrefinch for eight years, selling its time and attendance solutions to US-based businesses. The deal was completed for an undisclosed sum.
Mitrefinch provides time and attendance, HR, payroll and access control software. The firm employs 160 people within the UK and 90 people worldwide.
The company currently has operations in the UK, US, Australia and Canada – serving over 4,000 clients, including L’Oréal, Nestlé and Yearsley Group.
Gary Corcoran will become CEO of Mitrefinch, having previously held the same position at Advance Systems America.
Corcoran said: “We’ve been flying the flag for Mitrefinch’s technology for years now and know the products and the market inside out, so it’s hugely exciting to now be joining the global brand and helping to take the business to the next level.
“Mitrefinch has been at the forefront of workforce management solutions since the 1980s, building up a reputation for truly unrivalled software, and it’s great to be an official part of that now.
“By combining our companies, we can deliver an efficient and highly competitive offering for our customers. We’ll also have access to greater market knowledge, a fabulous customer base and the strength and scale of the Mitrefinch brand.”
Matthew Jenkins, CEO at Mitrefinch, added: “We’re delighted to have completed our formal acquisition of Advanced Systems America, which represents a big opportunity for Mitrefinch and is the latest major milestone in our companywide transformation to embrace the global market.
“Advance Systems America has consistently delivered exceptional customer services to over 150 customers within the US. They have a deep understanding of the US market and a well-established team that we’ve worked closely with for quite some time.
“This acquisition aligns with our product roadmap and global ambitions to deliver an efficient and highly competitive offering for our customers. I am excited about the future of Mitrefinch Inc.”
