Bamburgh Capital advised on the acquisition of London-based agile project management tool provider Jexo by US enterprise collaboration software company Appfire.
Founded in 2018 Jexo develops project management plugins for Atlassian’s Jira software and serves over 4,000 companies including Vimeo, Virgin Media, and Ocado. With a global team spanning six countries, Jexo is known for innovative apps available on the Atlassian marketplace. Jexo was fast growing and an award-winning developer.
Bamburgh Capital were able to carry out a discrete and targeted sales process that identified Appfire as a suitable parter. Massachusetts-based, Appfire offers the wides adopted portfolio of Atlassian apps and so was the ideal candidate to leverage Jexo’s fast growing position in the Atlassian eco-sytem. Bamburgh Capital led the transaction, overseeing negotiations and due diligence, though financial terms were not disclosed.