Serial investor and technology entrepreneur Vin Murria OBE has invested in software firm听Celaton.听
Founded in 2004 by Andrew Anderson and Gary Grant, the Milton Keynes-based company鈥檚 intelligent document processing platform,听inSTREAM, delivers consistent and measurable business technologies to processes such as accounts payable, sales order processing, customer correspondence and claims.听
The company, which has a team of more than 20 people, has听a number of听blue-chip customers including eCommerce brand ASOS, retailer Dixons Carphone, telecoms group听TalkTalk听and consulting firm Capgemini.听
Delivered as software as service,听inSTREAM听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鈥檚 process.听听
Murria, founder and CEO of Advanced Computer Software Plc, will invest alongside growth capital investor BGF, which has supported the business for听a number of听years.听Celaton鈥檚听existing individual shareholders have exited the business.听
Murria currently sits on the board of听a number of听technology-centric businesses including Softcat Plc and SVB (UK).听听
鈥淐elaton听is a disruptive software business with an experienced management team and a supportive investment partner in BGF,鈥� she said.听听
鈥淚鈥檓 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听realise听the ambitions of this exciting, innovative business.鈥�听
Gina Gray, Commercial Director of听Celaton, said:听鈥淲e鈥檙e absolutely delighted to bring on board an established and hugely successful tech entrepreneur in Vin Murria.听听
鈥淐elaton听software is transforming the way that听organisations听handle their inbound information streams and as a result we’ve attracted an enviable high profile customer base.听听
鈥淥ur sights are firmly set on expanding our offering even further, and with Vin and Jim鈥檚 experience in scaling technology businesses, the future is very positive.鈥澨�听
Grant Thornton UK LLP鈥檚 corporate finance team advised听Celaton听on the deal, while Shoosmiths also advised the听Celaton听shareholders.听
Mike Hughes, Corporate Finance Director at Grant Thornton, said: 鈥淲e are really pleased to have supported听Celaton, a long-standing client at the cutting-edge of the computer software sector, achieve this outcome.听
鈥淲e are confident in its future prospects as the business benefits from the excellent market knowledge, connections and additional resources Vin Murria will deliver alongside BGF.鈥�听