Xelerated Holding AB is a fabless semiconductor company that is a leader in the high-throughput network processor (NPU) market. Having navigated the downturn in the telecoms market, Xelerated has emerged well-positioned as the market recovers, both by virtue of the strength of its customer base and product pipeline.

Established in 2000, Xelerated offers a solution that bridges the gap between generalised multi-core NPU designs that are costly and require high-power consumption, and ASIC-based solutions that are cheaper but lack customisation. The Xelerated solution offers the ability to perform a reasonable amount of customisation at a price point and with power consumption figures closer to those of an ASIC (application-specific integrated circuit).

Amadeus was attracted to Xelerated by a combination of growing market demand for high-throughput network semiconductors and the success of the management team in winning customers and sustaining the company through a prolonged industry downturn. In April 2005 Amadeus participated in a funding round led by Accel, alongside existing investors Atlas Ventures and Alta Partners.