Grant Thornton UK LLP’s Corporate Finance team has advised Milton Keynes-based software company, Celaton on an investment deal with serial investor and technology entrepreneur, Vin Murria OBE.
Founded in 2004 by Andrew Anderson and Gary Grant, Celaton’s Intelligent Document Processing platform, inSTREAM, delivers consistent and measurable business technologies to processes such as accounts payable, sales order processing, customer correspondence and claims.
The company, which has a team of more than 20, has a number of bluechip customers including e-commerce brand ASOS, retailer Dixons Carphone, telecoms group TalkTalk and consulting firm Capgemini.
Delivered as software as service, inSTREAM comprises multiple technologies including Artificial Intelligence, Machine Learning, Robotic Process Automation and Cognitive Learning to improve efficiency, increase throughput, reduce errors and enhance compliance in a customer’s process.
The transaction sees Vin Murria OBE invest alongside growth capital investor BGF which has supported the business for a number of years, Celaton’s existing individual shareholders have exited the business.
Vin Murria more than 25 years of venture capital, private equity, M&A and CEO/operational experience in the software sector, and was founder and CEO of Advanced Plc. She currently sits on the Board of a number of Technology centric businesses including Softcat Plc and SVB (UK).
Vin Murria said: “Celaton is a disruptive software business with an experienced management team and a supportive investment partner in BGF. I’m looking forward to working with both parties and Jim Chase one of my excellent Advanced colleagues to set out a clear plan for growth and realise the ambitions of this exciting, innovative business.”
Gina Gray, Commercial Director of Celaton, said: “We’re absolutely delighted to bring on board an established and hugely successful tech entrepreneur in Vin Murria. Celaton software is transforming the way that organisation’s handle their inbound information streams and as a result we’ve attracted an enviable high profile customer base. Our sights are firmly set on expanding our offering even further, and with Vin and Jim’s experience in scaling technology businesses, the future is very positive.”