Operix, Formerly Known as IFS Core, Secures Investment From M33 Growth as It Enters a New Phase of Expansion
Operix, formerly known as IFS Core, provides software solutions for specialty contractors that allow for more efficient management of field operations personnel and processes through seamless integrations with core accounting platforms. Originally architected to support Sage accounting platforms, Operix has provided innovative and effective field operations solutions for Sage customers since its inception. The company now plans to expand into additional accounting platforms starting with its recent release of Operix Service Operations for QuickBooks Online users.
“We believe our name change to Operix reflects our history of providing proven construction technology solutions to field operations teams,” said Jay Annarelli, Co-Founder & CEO of Operix. “We continue to partner closely with Sage to provide their customers with a world-class field operations solution and we are equally excited about the launch of our Service Operations product for QuickBooks Online customers.”
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In addition to the rebranding, Operix has also secured an investment from M33 Growth, a Boston-based venture and growth-stage investment firm. The investment from M33 Growth aims to enhance Operix’s product and customer experience capabilities, fueling product innovation for, and improving engagement with, customers in the construction and service industries.
“Operix provides a differentiated and valuable solution that drives efficiency in the field through to the back office for some of the top MEP companies,” said Mike Anello, Managing Director & Founding Partner of M33 Growth. “Their solution has empowered nearly 1,000 B2B specialty trade contractors to drive profitable growth and operational efficiencies and most importantly saved both the field employees and back-office teams countless hours of their time. Core to our investment is the customer centric approach Jay and Adam have taken for over a decade and we look forward to furthering that through our added investment in product and customer success.”