High growth intelligent data automation space software maker Xceptor has just been snapped up by private equity firm Astorg from CBPE Capital.
Terms of the deal were undisclosed.
The buyout, which saw reinvestment from the current management team, is expected to fuel further product innovation and accelerate international presence.
Founded in 2003, and with five offices around the globe and 160 employees, Xceptor builds financial sector software that allows blue-chip clients to re-engineer and automate a wide variety of number of end-to-end processes.
Andrew Kouloumbrides, CEO of Xceptor, said: “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.” comments Xceptor CETO Andrew Kouloumbrides.
Jason Khaksar, Partner at CBPE, added: “It has been a real privilege to work with Andrew and the entire team at Xceptor. The past four years have seen the Company develop and grow significantly, and we wish the team every success on the next stage of their growth journey.”
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