Beacon Equity Partners, a private equity firm that invests in innovative software companies, the company’s principal shareholder, contributed additional funding alongside Wellington to support Exari’s acquisition of UK-based Adsensa. Adsensa is a supplier of document intelligence solutions to over 100 major insurance companies, legal, banking, commercial and regulatory organizations in the US, UK and worldwide.
The company is also using the funds to continue to expand its global presence.
Led by Bill Hewitt, CEO, Exari provides global insurance companies, banks and Global 2000 companies with software solutions to create, store, manage and optimize their contracts.
The company has offices in Boston, Melbourne, London and Munich.