Wednesday 8th May, 2019
Advanced has announced it has entered into a definitive agreement to acquire legacy modernisation leader Modern Systems. Under the terms of the agreement Advanced will acquire all outstanding shares.
The acquisition will boost the company’s position within the global application modernisation market. According to a press release, it is anticipated that the deal will see Advanced grow its application modernisation revenue immediately by approximately one third, taking its revenues to in excess of £30 million.
Advanced has partnered with Modern Systems since 2016, collaborating together on a number of projects including the Department for Work and Pensions. As a global provider of modernisation solutions for legacy application source code, data and platform transformations, Modern Systems brings 30 years of experience to Advanced, having completed 200-plus modernisation projects with 1.5 billion lines of code processed.
Modern Systems focuses on assessments and automated conversions of true legacy environments, transforming applications to modern environments, including leveraging its Modernisation Platform as a Service (ModPaaS™) solution to pave a path for customers to cloud ready, cloud optimised and cloud native states. Once applications are converted, Modern Systems has the ability to rearchitect applications in order to take advantage of macro and microservices architectures.