Investment Summary

Serent Capital Invests In XDTI

On January 6, 2021, growth capital firm Serent Capital invested in software company XDTI

Investment Highlights
  • This is Serent Capital’s 23rd transaction in the Software sector.
  • This is Serent Capital’s 46th transaction in the United States.
  • This is Serent Capital’s 1st transaction in Massachusetts.

Investment Summary
Date 2021-01-06
Target XDTI
Sector Software
Investor(s) Serent Capital
Deal Type Growth Capital

Target

XDTI

Boston, Massachusetts, United States
XDTI is a provider of comprehensive insurance processing and distribution solutions that empower and connect agents, brokers, wholesalers, MGAs/MGUs, program administrators, carriers, and policyholders, driving efficient business production, superior customer service, and insightful business management. The XD Insurance Processing Platform™ and the Nexsure® Agency Management Platform are scalable, secure, cloud-based, and web platforms, which allow customers to access their software remotely and securely. XDTI was founded in 2001 and is based in Boston, Massachusetts.

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Investor(S) 1

Investor

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2008
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.

DEAL STATS #
Overall 49 of 69
Sector (Software) 23 of 31
Type (Growth Capital) 41 of 59
State (Massachusetts) 1 of 1
Country (United States) 46 of 65
Year (2021) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Procurement Partners

Brookfield, Wisconsin, United States

Procurement Partners is a provider of procure-to-pay (P2P) solutions for healthcare providers. Procurement Partners, reduce off-contract spending and drives efficiency to purchase processes while automatically auditing every invoice. Procurement Partners was founded in 2010 and is based in Brookfield, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Book4Time

Markham, Ontario, Canada

Book4Time is a provider of cloud-based business management solution for the global hospitality, spa, and wellness industry. Book4Time was founded in 2004 and is based in Markham, Ontario.

Buy -
Mergr

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