Viking Venture now owns a 43% stake in the company.
Xait intends to use the funds to continue to grow internationally.
Founded by CEO Owe Lie-Bjelland and CFO Arnt Jørund Andreassen in 2000, Xait provides software for companies to optimize their complex document centric business processes.
XaitPorter is a document collaboration and production tool used by corporations when producing complex documents such as tenders, proposals, reports, governing documents and project documentation.
The software supports both the production and formatting dimension as well as the project management, review and approval dimension of document production.
The company has US operation in Austin, Texas.