frExperlogix, LLC, 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.”