Xiatech secures growth capital from Rockpool Investments
Investment to fuel the continued market adoption of Xiatch’s Hyper-integration Platform developed to accelerate digital-enabled business transformation for companies
London – 10 December 2021: Xiatech, the pioneer of Hyper-Integration, today announced it has raised financing from Rockpool Investments to help scale the fast-growing business including accelerating product innovation, strengthening its leadership team and expanding internationally.
The strategic partnership, advised by the BDO Growth Advisory (M&A) team, will see Rockpool invest in Xiatech’s cloud-native Hyper-Integration Platform, which provides companies with a real-time view of customer, inventory, product, orders and sales data, as well as an enterprise-scale integration hub, analytics and powerful machine learning capabilities, all in one solution
The equity raise will enable Xiatech to deliver on its growth strategy to treble in size over the next four years. A move, driven by the widespread adoption of digital technologies that have been fast-tracked throughout 2020, has accelerated the need for Xiatech’s solutions as companies look to extend their reach by strengthening their digital, integration and data capabilities.
“The demand for real-time system integration, data and analytics has accelerated this year as the world has made the shift to digital ways of working,” said Jonathan Summerfield, CEO, Xiatech. “It means that having a clear, rapid and accurate understanding of the data within a business is now mission critical as well as the ability to integrate systems in real-time. The growth capital we have secured as a result of this strategic partnership will better enable us to help businesses unlock their data, integrate their systems, and flourish as a result. Built on the latest technology from our partners at Amazon Web Services, Google Cloud and Couchbase, we are continuing to evolve our Hyper-Integration platform as a highly scalable, robust and secure integration and data solution for our customers looking to drive digital transformation.”
The new capital investment will fuel a period of growth for Xiatech in 2021 and beyond. The
business intends to redouble its expansion efforts into Europe and the US, particularly within strategic industries such as Retail, Travel, Hospitality, Betting and Gaming and Financial Services where the company is well established. Xiatech’s platform powers leading brands such as Reiss, FitFlop, G-Star Raw, Flying Tiger and Life Style Sports, established start-ups such as Jivebird and EdgePetrol and also Charities including the Woodland Trust.
Commenting on the deal, Darran Green, Investment Director at Rockpool Investments said,
“This is an exciting time to be investing in technology, particularly in the areas of data integration and analytics where Xiatech specialises. We believe Xiatech has significant growth potential through offering software solutions that allow customers to leverage their data and accelerate their responses to a changing world.”
This injection of growth capital follows a sustained period of growth for Xiatech. It was a finalist in the start-up of the year at Retail Week’s Tech awards in 2017 and listed as one of the 10 most innovative data analytics companies by Analytics Insight last year.
“The now combined resources of Xiatech and Rockpool will further propel the growth of their core Hyper-Integration platform,” commented Paul Morris, BDO Head of Growth Advisory. “Xiatech’s platform combines best-in-class technology in the big data, business intelligence and analytics space with capital that has a clear understanding of its potential.”
In addition to strategic guidance from BDO, Xiatech received tax advice from Bates Weston and legal expertise from Mishcon de Reya’s Private Equity Team. Nadim Meer, Head of Private Equity at Mishcon commented, “Xiatech will go from strength to strength with the new partnership with Rockpool. It was a pleasure to help them navigate through the legal aspects of this transaction.”
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Xiatech is the pioneer of Hyper-Integration, the fastest way to create and manage a hyperconnected business when real-time interactions of systems and data-driven decisions are essential for success today.
Xiatech has developed the only complete cloud-native platform that dynamically connects composable systems, unifies data sources into a single view, automates processes and provides continuous intelligence across your organisation in real-time, for faster and simpler business transformation.
Successful organisations are those that can move with speed and agility. For these reasons, Xiatech, and its AI-enabled Hyper-Integration Platform, Xfuze, is chosen by digital leaders around the world such as Reiss, Life Style Sports, Flying Tiger, Fitflop, Db Journey and G-Star to radically accelerate time-to-insight and business transformation, as well as extend the value of legacy technology investments. Grow and innovate by embracing the new era of Hyper-Integration at www.xiatech.co.uk.