CBPE Capital has acquired financial services technology business Xceptor from SVG Capital.

Xceptor provides process automation software to clients including investment banks, custody service firms and insurers. Used to improve efficiency of back office functions, the company says it can give customers a return on investment within the first year of use.

Xceptor has been operating since 2003 and is based in London, with further offices in New York, Cape Town and Sydney.

SVG acquired the company last year.