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IN BRIEF: AdvancedAdvT buys MatchingCore professional services IP

ALN

AdvancedAdvT Ltd - London-based owner of software for business solutions, healthcare compliance, and human capital management businesses - Buys MatchingCore intellectual property for professional services, an artificial intelligence-driven resources optimisation technology. The firm says it will accelerate the development of advanced AI functionality within its Retain platform and expand its total addressable market. MatchingCore’s solution uses AI for ‘superior workforce scheduling, improving resource allocation through enhancing utilisation, improving revenues and reducing costs’.

‘With the integration of this capability, our workforce management assets will provide clients with an advanced solution for scenario planning and supporting informed, data-driven decision-making on a large scale,’ AdvancedAdvT says.

Current stock price: 172.89 pence, up 0.2% on Tuesday afternoon in London

12-month change: up 13%

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