Milton Keynes-based software company, Celaton has secured backing from 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.
Delivered as software as a 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. Clients benefiting from Celaton’s technology and expertise include ASOS, Dixons, Carphone, TalkTalk and Capgemini.
Backed by BGF, the UK & Ireland’s most active growth capital investor, Celaton currently employs around 30 staff from its base in Milton Keynes.
Vin Murria OBE has 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).
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The partnership with Vin Murria, will see Celaton’s existing individual shareholders exit the business. Vin Murria and BGF will now act as equal shareholders positioning the company for future growth.
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.
James Syrotiuk, investor at BGF, added: “We’ve backed Celaton since 2012 and in this time frame the company has grown rapidly, winning new customers both in the UK and globally and enhancing its technology capabilities and the value it delivers its customers. Vin is sure to bring a fresh perspective on the growth strategy of the business and we’re looking forward to working together to help the company reach its goals.”
Advisors involved in the transaction included:
- Grant Thornton – Corporate Finance advice to the Celaton shareholders
- Shoosmiths – Legal advice to the Celaton shareholders