Global private equity firm Astorg is to acquire Xceptor, a London, UK-based global leader in the no-code process automation market, from CBPE Capital.
The amount of the deal was not disclosed.
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 historical 35%
annual growth, while further building out their broad international presence and leading customer base.
Founded in 2003 and led by Andrew Kouloumbrides, CEO, and Dan Reid, CTO, Xceptor is a software business operating within the high growth intelligent data automation space, combining a 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 use the platform to re-engineer and automate an end-to-end processes.