Norwegian proposal and CPQ software specialist Xait acquires Privia, a worldwide provider of capture and proposal management-specific solutions to the government contractor market. This is Xait`s second acquisition in the last seven months.
Xait offers a complete all-in-one co-authoring software solution for teams to collaboratively create, manage and produce documents. XaitPorter, the company’s core software solution, enables hundreds of people across multiple locations to work together simultaneously on large and complex business documents such as tenders, proposals, contracts and reports. With XaitPorter, document creation is done up to 70% faster, with higher quality, security and win rates.
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With the acquisition of Privia, Xait will be adding on over 10,000 users from industry-leading organizations large and small, from KBRwyle, Optum, ManTech International and Idemia, to its collaboration solution XaitPorter. Privia was established in 2005 and is located in Virginia, USA. The company has 5 employees, who will be joining the Xait team.
“We are pleased to welcome Privia and their team of experts to Xait, adding industry knowledge to our fully integrated co-authoring solution. Together we can provide both streamlined and optimized document production and calculations, maximizing customers’ revenues from bids and proposals and other business-critical documents,” says Eirik Gudmundsen, Xait CEO.
Celebrating its 20th anniversary in 2020, Xait is experiencing strong growth from its leading position in the global oil and gas supply industry, with major corporations such as Honeywell, Siemens and ABB on the client list.