WELLESLEY, MA, October 14, 2025 – Morgan Partners is pleased to announce that our client, Xceedance, a global provider of technology-enabled insurance services, data, and digital solutions to the insurance industry, has received a growth investment from Portage Capital Solutions, a global financial sponsor focused on investing in high growth, technology driven companies across financial services.

Founded in 2013, Xceedance combines deep insurance domain expertise with advanced technology to transform operations across the insurance value chain. The company delivers AI-enabled business services and digital solutions spanning underwriting, policy administration, claims, finance, and data analytics. With a global client base of more than 350 insurance organizations and a rapidly expanding suite of proprietary platforms, including its TPA solution, Xceedance continues to strengthen its leadership in helping insurers modernize and scale efficiently.

“The Morgan Partners team was instrumental in helping us find the right capital partner for Xceedance. Their unmatched knowledge and relationships in the insurance technology landscape allowed them to quickly understand our story and communicate it effectively to the top investors in the space. We cannot recommend this team enough and look forward to working with them again in the future,” said Arun Balakrishnan, Founder and CEO of Xceedance.

“Xceedance’s management team has built an exceptional business with deep insurance expertise and a commitment to innovation,” commented Hugh Keefe, Managing Director at Morgan Partners. “The partnership with Portage will enable Xceedance to accelerate its expansion and continue advancing its leadership in transforming insurance operations globally.”

Morgan Partners served as the exclusive financial advisor to Xceedance, and terms of the deal were not disclosed. More information can be found here.

About Xceedance

Xceedance provides business solutions to the global insurance industry, enabled by technology platforms, advanced data and analytics, and the transformation of operating models through AI and deep domain expertise. With 5,500+ team members across the Americas, EMEA, and APAC, our technology-enabled delivery model blends insurance domain knowledge with next-generation technologies to deliver localized solutions and digital-first platforms. We empower 350+ diverse clients—including commercial, personal, and specialty lines re/insurers, mutuals, program administrators, brokers and agents, and Lloyd’s of London entities—to optimize non-distribution and non-capital functions, navigate market challenges, and accelerate profitable growth.

About Portage

Portage is a global investment platform focused on the fintech and financial services sectors with over US$4.7B under management, 115 portfolio companies, and 25 investment professionals. The firm has offices across North America, Europe, and the Middle East.

Portage partners with ambitious companies across all stages through its flagship Portage Ventures and Portage Capital Solutions fund strategies. The firm provides flexible capital and value-added partnership through the delivery of its global network of investors, commercial partners, advisors, and value creation experts. Portage’s dedicated value creation team provides portfolio companies with hands-on support across a wide range of functions, including go-to-market, tech & cyber, AI, mergers and acquisitions, and commercial partnerships to accelerate their paths to success. With deep industry knowledge and entrepreneurial experience, Portage is committed to supporting the leaders who are reshaping financial services.

Portage is a platform within Sagard, a global multi-strategy alternative asset management firm with over US$44B under management.

About Morgan Partners

Morgan Partners is a middle-market investment bank specializing in technology catered to highly-regulated end markets. Our tailored, expert services, deep industry relationships, and vertical domain expertise allow us to provide “best execution” simply not available at other firms. Our services consist of sell-side and buy-side M&A, capital raising, and strategic advisory to technology companies in highly regulated end markets such as the insurance, capital markets, banking, and related sectors. Visit www.morganpartners.com to learn more.