Astorg, a leading global private equity firm, has signed a definitive agreement to acquire Xceptor, a global leader in the end-to-end, no-code process automation market, from CBPE Capital LLP (“CBPE”).
Founded in 2003 and headquartered in the UK, Xceptor is a fast-growing software business operating within the high growth intelligent data automation space, combining a highly scalable, next generation technology platform with deep financial sector domain expertise. The Company employs 160 people across five global offices, and serves a diversified global blue-chip base of banking, financial services, and insurance customers, who utilise the Xceptor no-code platform to re-engineer and automate an unparalleled breadth of end-to-end processes.
Astorg’s investment, alongside a material reinvestment by the current management team, will enable the Company to continue to invest in product innovation and accelerate on their strong historical 35 per cent annual growth, while further building out their broad international presence and leading customer base. This deal cements Astorg’s position as a leading global software investor and partner to high-growth software businesses across both Europe and North America.
Andrew Kouloumbrides, CEO of Xceptor, says: “We welcome our new partner Astorg, and look forward to working closely with them as we continue to scale and expand our business. We remain fully committed to helping our clients solve their most complex data problems, and see Astorg’s deep enterprise software experience as a real asset as we continue to develop the Xceptor platform and invest for the future.”
Read more/Source: Private Equity Wire
