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PRESS RELEASE
Stockholm, July 21st, 2025 – Main Capital Partners (“Main”) today announces its majority investment in Xait, a Norwegian provider of collaborative document solutions offering complex document creation and CPQ (Configure, price, and quote) services. Moving forward, Main will act as a strategic partner to the management team, supporting Xait in its growth journey. By pursuing a selective buy-and-build strategy, Xait has strong potential to further internationalize and become an international leader in complex document creation and CPQ.
Xait is a provider of collaborative document solutions, offering advanced document creation and CPQ services to a predominantly blue-chip client base. The company’s offering comprises three core products supporting the sales enablement value chain. Its flagship solution, XaitPorter, facilitates efficient, team-based creation of large and complex proposals as well as other mission-critical documents. Xait currently serves more than 300 clients broadly split into energy and renewables, capital goods, and business services with the majority of revenues coming from outside of the Nordics.
Attractive market dynamics and international opportunities
The strategic acquisition of Xait is driven by attractive market dynamics and significant international growth opportunities. Xait operates at the intersection of two rapidly growing markets: CPQ and collaborative document creation. Both propelled by digitalization, increasing complexity, and rising automation needs across core industries such as capital goods, energy & renewables, and business services. The company has established a strong position in high-value, complex use cases, particularly in the creation of large-scale business documents. This positions Xait well to capture market share in a substantial, underpenetrated global market that is increasingly seeking integrated and specialized solutions.
Xait has a well-established international presence, with the majority of its revenue generated outside the Nordics. The company maintains a strong foothold in Western Europe and the United States, supported by an international team located in Norway, France, India, the United Kingdom, and the United States. With Main’s support and proven track record in enabling cross-border growth through both organic initiatives and strategic acquisitions, Xait aims to further strengthen its position in the United States and expand across Continental Europe. The experienced management team will remain actively involved after the closing to continue the company’s growth journey in close partnership with Main.
Eirik Gudmundsen, CEO of Xait: “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.”
Wessel Ploegmakers, Partner at Main Capital Partners: “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.”
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About Xait
Founded in 2000 and headquartered in Stavanger, Norway, Xait is a provider of collaborative document solutions, offering complex document creation and CPQ (Configure, Price, and Quote) services to a global blue-chip client base. With approximately 90 employees across offices in Norway, the United States, the United Kingdom, France and India, Xait delivers a suite of software products designed to support the efficient creation and management of complex business documents and processes. The company serves more than 300 clients, primarily across the energy and renewables, capital goods, and business services sectors.
About Main Capital Partners
Main Capital Partners is a leading software investor managing private equity funds active in the Benelux, DACH, France, the Nordics, and the United States with approximately EUR 6.5 billion in Assets under Management. Main has over 20 years of experience in strengthening software companies and works closely with the management teams in its portfolio as a strategic partner to achieve profitable growth and larger outstanding software groups. Main has approximately 90 employees operating out of its offices in The Hague, Düsseldorf, Stockholm, Antwerp, Paris, and an affiliated office in Boston. Main maintains an active portfolio of over 45 software companies. The underlying portfolio employs over 12,000 employees.
Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.
The sender of this message is Main Capital Partners.
For more information please contact:
Fenne van der Wee – Bijl
communications@main.nl
Media Contact at Xait:
Silje Stensland
Chief Marketing Officer
silje.stensland@xait.com
+47 922 65 803
