Software firm sold to London rival

Enderby-based sofware firm 247 Time has been acquired by London’s Allocate Software.

247 Time provides vendor management, payroll and direct engagement technology to healthcare and enterprise sectors.

Allocate says the deal will enable end-to-end links between agency systems and bank and eRostering software so healthcare organisations can source staff quickly, safely and cost-efficiently. The global shortage of healthcare staff means that organisations in many countries are reliant on staffing agencies, it says.

Nick Wilson, chief executive, said: “This is an important addition to Allocate and a key element in ensuring that our solutions meet the diverse and demanding workforce needs of the healthcare sector. This is a very natural extension for us, bringing functionality that our customers have asked us to add. The 247 Time solutions together with our partnership approach will allow us to empower our customers with choice, ensuring they have an option that is right for them”

Dave Brooks, managing director 247 Time, said: “I am thrilled the 247 Time team is joining Allocate, as many of our customers already use Allocate’s leading e-Rostering solutions. Our combined offering will be a significant benefit to customers and others by providing more joined up solutions and improved agency control.”