FluidIT provides Technology Due Diligence to Rockpool on their investment into Xiatech

FluidIT is delighted to have provided technology due diligence support to Rockpool Investments on its growth capital investment into Xiatech, a UK system integration and data analytics software specialist.

December 21 2020

ITDD for rockpool into Xiatech and their enterprise single data view, analytics, machine learning and integration platform

The deal 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 machine learning capabilities. The investment marks Rockpool’s fifth deal completion of the year.

Xiatech’s award winning SDV©️ (Single Data View) platform, is an Enterprise scale integration and BI/analytics platform used by a host of UK and international businesses. The solution is a proprietary MicroServices SaaS platform built on the latest Amazon and Google technology to drive digital transformation for their clients. The SaaS solution 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 machine learning capabilities.

As a generalist private equity investor, Rockpool engaged FluidIT to advise on the investment into Xiatech.

Darran Green quote Rockpool XiaTech

The equity investment will enable Xiatech to deliver on its growth strategy to treble in size over the next four years. The fast-tracking throughout 2020 of the adoption of digital technologies has accelerated demand for Xiatech’s Single Data View solution, a 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 accelerated this year as the world has made the shift to digital ways of working”, said Jonathan Summerfield, CEO of 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. 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.”

Headquartered in London, Xiatech intends to increase its expansion efforts in the UK, Europe and the US, particularly within strategic industries such as retail, travel, hospitality, betting and gaming and financial services sectors where its software solution is well-established. Xiatech’s Single Data View technology currently powers brands such as Reiss, FitFlop, G-Star Raw, Flying Tiger and Life Style Sports, established start-ups such as Jivebird and EdgePetrol and not-for-profits including the Woodland Trust.

Darran Green, Ben Hutchinson and Will Beckett led the investment for Rockpool. Darran Green, Investment Director, 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 in customers and revenue for Xiatech. It was last year listed as one of the ten most innovative data analytics companies by Analytics Insight.

Rockpool was advised by Stephenson Harwood LLP, led by Richard Coleman. Due diligence and advisory services were provided to Rockpool by HMT LLP (financial), Wilson Partners (tax), Catalysis Advisory (management and strategy), FluidIT Consulting (technology) and Luminii Consulting (commercial).

Xiatech and Jonathan Summerfield were advised by BDO Growth Advisory and Mishcon de Reya LLP. Martin Moran joined Xiatech’s board at completion of the deal as chairman, with David Chislett joining as CFO.

This article is taken from the Rockpool press release.

 Image by Maxim Hopman on Unsplash

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