Home Business Innovation News Press Release: Xiatech secures growth capital fundraise from Rockpool Investments 

Press Release: Xiatech secures growth capital fundraise from Rockpool Investments 

System integration and data analytics specialists agree strategic partnership to enhance product suite and drive international expansion

London, 10 December 2020: Xiatech, a UK Headquartered system integration and data analytics specialist, has agreed a growth capital investment with Rockpool Investments.

The strategic partnership, advised by the BDO Growth Advisory (M&A) team, will see Rockpool invest in Xiatech’s Single Data View© platform, a Software as a Service (SaaS) solution that 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 hosted in the cloud.

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 Single Data View© solution, the platform for companies looking to extend their reach by strengthening their digital, integration and data capabilities.

“The demand for real-time system integration, data and analytics has acceleratedPress-release-statement-CEO-Xiatech this year as the world has made the shift to digital ways of working, 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 the Single Data View© platform as a highly scalable, robust and secure integration and data solution for our customers looking to drive Digital Transformation.”

– Jonathan Summerfield, CEO, Xiatech.

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 sectors where it is well established. Xiatech’s Single Data View© technology currently 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.

“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.”

– Commenting on the deal, Darran Green, Investment Director at Rockpool Investments said

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 Single Data View© platform, It combines best-in-class technology in the Big Data, Business Intelligence and Analytics space with capital that has a clear understanding of its potential.” 

– Paul Morris, BDO Head of Growth Advisory.

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.”

For more information on the Xiatech Single Data View© platform or for more detail on the growth capital fundraise, please visit https://www.xiatech.co.uk.

 

Manuela Willbold
Manuela Willbold
Blogger and Educator by Passion | Contributor to many Business Blogs in the United Kingdom | Fascinated to Write Blogs in News & Education I have completed a journalism summer course at the London School of Journalism and manage various blogs.

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