Main has announced its majority investment in Xait, a Norwegian provider of collaborative document solutions specializing in complex document creation and CPQ (Configure, Price, and Quote) services. As a strategic partner, Main will support Xait’s management team in its growth journey and help the company become a global leader in these fields through a selective buy-and-build strategy.
Xait serves over 300 blue-chip clients, primarily in the energy and renewables, capital goods, and business services sectors, with the majority of revenue generated outside the Nordics. Its flagship product, XaitPorter, enables efficient team-based creation of large proposals and critical documents.
The acquisition of Xait leverages the attractive dynamics of rapidly growing markets for CPQ and collaborative document creation, which are fueled by digitalization and increasing automation needs. With a strong international presence in Western Europe and the United States, Xait aims to expand further, aided by Main’s expertise in cross-border growth. The management team will remain engaged after the acquisition to ensure continued progress.
KEY QUOTES:
“Xait’s strong position in complex, mission-critical workflows and clear international potential align well with our investment strategy.”
Wessel Ploegmakers, Partner at Main Capital Partners
“We are excited to enter this new chapter with Main Capital Partners. Their expertise in growing software businesses internationally and focus on long-term value creation make them an ideal partner for Xait. This partnership will enable us to accelerate our international expansion while continuing to deliver high-quality solutions to our customers. I am proud of our team’s accomplishments and look forward to the opportunities ahead.”
Eirik Gudmundsen, CEO of Xait
“We are pleased to partner with the Xait team as they continue building a leading platform in document creation and CPQ. Xait’s strong position in complex, mission-critical workflows and clear international potential align well with our investment strategy. We look forward to supporting the team in accelerating international growth and capturing opportunities in an expanding global market.”
Wessel Ploegmakers, Partner at Main Capital Partners
