Experlogix Announces Majority Investment from Featheringill Capital
The investment will drive growth at Experlogix, allowing the company to expand its best in class CPQ solution, pursue acquisitions, and invest in its teams and infrastructure.
SALT LAKE CITY, May 14, 2019 /PRNewswire-PRWeb/ -- Experlogix, Inc., a global leader in Configure, Price, Quote (CPQ) solutions, announced today that it has entered into a definitive agreement with Featheringill Capital, along with substantial participation by the company's senior management, to purchase a majority interest in Experlogix. The investment will drive growth at Experlogix, allowing the company to expand its best in class CPQ solution, pursue acquisitions, and invest in its teams and infrastructure. Terms of the transaction were not disclosed.
Founded in 2002, Experlogix focuses solely on developing a comprehensive CPQ solution with the highest caliber of integration to industry leading platforms. This allows the company to provide unmatched functional capabilities coupled with deep platform integration that truly works from day one. Experlogix is universally recognized as the "go-to" configurator solution by solution partners worldwide.
"Our partnership with Featheringill marks a major milestone in our history, and a transition to the next stage of growth for our company," said Christian Stepien, Experlogix President. "Featheringill brings the resources and experience needed to assist in our rapid growth, while enabling us to continue to function as we have as an independent company. Our customers can look forward to the same best-in-class level of service and support, while benefiting from the addition of more resources and capabilities as we embark on this exciting new phase in our evolution as a company."
About Experlogix
Experlogix offers award winning CPQ solutions for Microsoft Dynamics providing a complete quote-to-order-to-manufacture experience across the enterprise. Experlogix empowers reps to deliver complex proposals consisting of thousands of potential product and pricing rules with the option to automate multi-level production orders when the business is won. Experlogix is recognized worldwide as a global leader in Configure, Price, Quote technology with hundreds of customers in a variety of industries, including Allegion, Analogic, Assa Abloy Hospitality, Hitachi Construction Machinery Australia, Husky Injection Molding Systems, Jayco, Inc., Malibu Boats, Mitsubishi Caterpillar Forklift, Nikon Instruments UK, Okuma America Corporation, Otis Elevator, and Thermo Fisher Scientific. For more information, visit experlogix.com.
About Featheringill Capital
Featheringill Capital is an operator-led family office investment firm, devoted to building upon the legacy of great companies. Featheringill invests in high-growth businesses and partners with management teams primarily in the tech-enabled services, healthcare technology, and telecommunications space. Featheringill Capital is headquartered in Birmingham, Alabama. For more information, visit featheringill.com.
SOURCE Experlogix
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