Advanced Business Solutions

Advanced Business Solutions
Industry Enterprise Software
Founded Advanced Business Solutions was launched September 2010; COA Solutions was formed in 1996 (1996) but the company has been around as other brand identities since 1983[1]
Headquarters Datchet, Berkshire, UK
Key people
 Gordon Wilson (Group CEO)
Products Accounting software, Business Intelligence, Electronic Document Management, Procurement Software, Human Resources Software, Payroll Software[2]
Parent Advanced Computer Software group plc (AIM:ASW)
Website www.advancedcomputersoftware.com/abs

Advanced Business Solutions, known as COA Solutions until September 2010, sells accounting and other business management software to the service sector.

Operations

Advanced Business Solutions has more than 500 staff supporting and servicing over 4,000 clients across the UK service sector. The organisation operates from 10 UK locations in Datechet, Aberdeen, Aylesbury, Bridgwater, Gateshead, Birmingham, Huntingdon, Northampton, Manchester and also maintain offices in Boston, MA

History

The original company was founded in 1983. Most business was transacted through this company in the first half of the 1990s. Its subsidiary, COA Solutions Limited, increasingly took over as the prime trading company.

The Company was fully quoted on the London Stock Exchange (CED.L). It had grown both organically and by acquisition. From its roots in the financial software market it acquired companies in the call centre software; data warehousing and data migration; document management and workflow; and content management arenas.

2002

In January 2002, The Company and its subsidiaries were acquired by Redac Limited through funding from Alchemy Partners.[3]

2003

COA Solutions purchased Goldenhill Ltd in order to offer human capital management (HCM) solutions to its clients.

In 2002, a management buy out by the UK management team of Elevon created Arelon Limited with rights in the Enterprise Software Suite formerly owned by Walker International. This buy out was funded by Alchemy Partners. In January 2003 Arelon and Cedar Enterprise Solutions merged and rebranded as CedAr.

2004

The newly branded CedAr purchased OpenAccounts Ltd to broaden its offering to commercial and business services clients. The customer number rises to 1,200 and headcount to 350. In a report published that year, CedAR ranked third in the UK Financial Management Systems vendor list compiled by Gartner Dataquest. The company won the Accountancy Age Award for Best Enterprise Software Package for the second time. The company rebranded itself as CedarOpenAccounts in June 2004.

2006

CedarOpenAccounts purchased Grampian Software Ltd and its OpenPeople HR and payroll solutions, bringing 300 customers. Driven by a customer requirement for additional reporting and analytic capabilities, CedarOpenAccounts went on to purchase Strata Systems, a business intelligence and HR analytics software vendor based in Ipswich. The acquisition saw Strata’s BI software products integrated into CedarOpenAccounts’ Smart Business Suite of products.

2007
Version One was purchased by COA Solutions but continues to operate as a separate entity

CedarOpenAccounts acquired BI Inform,[4] a specialist reseller of Cognos BI software based in Harrogate. The deal expanded the company’s presence in the Business Intelligence market as one of the top three resellers of Cognos-based solutions in the UK. This was followed by the purchase of long-term business partner Version One. CedarOpenAccounts and Version One have been partners since 1997 and have more than 250 shared accounts. The staff number exceeded 450 and customers 3000. Version One retains its brand identity. The rest of the business was united under the CedarOpenAccounts brand.

2008

The acquisitions of eProcurement company Belmin[5] in February 2008 and HR specialist ASR Computers in April 2008[6] were completed. This added additional capabilities in the Health sector and added further HR and Payroll capabilities to their Smart Business Suite. The staff number reached 500 and customers 4000. COA rebranded as COA Solutions and adopted a new 'closer to your business' brand identity. Belmin immediately adopted the COA Solutions brand, whilst ASR adopted a transitional strategy.

2009

ASR rebranded as COA Solutions, coming fully under the COA Solutions brand identity.

2010

In February 2010, COA Solutions' parent company Redac Holdings Limited, including COA Solutions and Version One, was acquired by Advanced Computer Software PLC (AIM:ASW) from Alchemy Partners for £100 million.[7]

September 2010

As of September 2010, COA Solutions rebranded to Advanced Business Solutions as part of the Advanced Computer Software Group [8]

Awards, accreditations and memberships

See also

References

  1. ↑ Press release showing some early Cedar Group history
  2. ↑ COA Solutions Smart Business Suite of Business Management Solutions
  3. ↑ Independent article about the purchase of The Company by Redac Ltd through funding from Alchemy Partners
  4. ↑ Accounting Web Article about CedarOpenAccounts purchasing BI Inform
  5. ↑ FSN Article about COA Solutions purchasing Belmin
  6. ↑ Personneltoday.com article about COA Solutions purchasing ASR Computers
  7. ↑ Acquisition of COA Solutions for £100m
  8. ↑ COA Solutions announce rebrand to Advanced Business Solutions (on company's website)
  9. ↑ COA Solutions Voted Best Accounting Software Provider in Charity Finance Software Survey
  10. ↑ Accountancy Age 2009: Enterprise software of the year
  11. ↑ COA Solutions wins top environmental award
  12. ↑ Business Software Satisfaction Awards
  13. 1 2 List of Accredited products for both the Payroll Standard and Pensioner Payroll Standard
  14. ↑ International Organization for Standardization
  15. ↑ ICAEW

External links

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