Xiatech secures growth funding from Rockpool Investments
HMT LLP advised Rockpool Investments (“Rockpool”) on their investment in system integration and data analytics specialist Xiatech.
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 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.
HMT undertook financial due diligence for Rockpool on this transaction.
Darran Green, Investment Director at Rockpool commented:
“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. We are grateful for the buyside diligence support provided by HMT. The team’s advice was both insightful and pragmatic.”
Paul Read commented:
“We were delighted to have advised Rockpool on their investment in Xiatech. With Rockpool’s support, the business will be able to further develop and grow their core single data view platform and we look forward to working with them again in the future.”
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