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AuditXPRT Limited

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Year established

2015

Location

Stockport UK

Primary Industry

Software

About

Based in the UK, and founded in 2015 by Bimal Roy Bhanu (CEO), and Nadeem Shakoor (COO), AuditXPRT Limited operates as a software company that provides an artificial intelligence platform for automating financial statement verification and validation. In October 2021, Ideagen Plc, a portfolio company of Baronsmead, acquired AuditXPRT Limited for up to GBP 6 million and Ideagen Plc will pay GBP 2 million with an additional earnout payment of up to GBP 4 million on the second anniversary of completion subject to certain performance criteria. AuditXPRT Limited provides financial solutions such as IC XPRT, KYC, and AML to enhance the process of individual screening of names against the third-party list and identify possible matches, QC XPRT, audit XPRT simplifies the consistency of financial statements through verification and validation, TRM XPRT, CA XPRT reduces the firm's risk exposure by improving the accuracy of the contract assurance process and CVA XPRT.
Current Investors
Baronsmead, Ideagen Plc

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Primary Industry
Software
Sub Industries
Accounting/Finance Software, Systems Management Software
Website
www.auditxprt.com
Verticals
Artificial Intelligence, Cloud Computing, RegTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only

Deals

Deals Type
Add-on
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed AuditXPRT Limited 21 Oct 2021
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