Operix, Formerly known as IFS Core, Secures Investment from M33 Growth

August 2022

Operix has secured a growth investment from M33 Growth, a Boston-based venture and growth-stage investment firm. Operix, formerly known as IFS Core, is a provider of software solutions for specialty contractors that allow for more efficient management of field operations personnel and processes through seamless integrations with core accounting platforms.

  • 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
  • M33’s investment in Operix comes as the company expands its current line of products to offer customers more features to improve operational efficiency, as well as to reach new customers through additional platform integrations 
  • With approximately 30,000 users in the construction technology vertical, Operix offers industry leading integrations with Sage Software’s Construction and Real Estate accounting platforms, including Sage 100 Contractor, Sage 300 Construction and Real Estate, and Sage Intacct Construction
  • The evolution of the Operix platform also brings increased functionality and compatibility with Sage Intacct and as well as QuickBooks Online

About Operix

Operix engineers and manages Sage Service Operations and Sage Field Operations — products sold exclusively by Sage — as well as Operix Service Operations seamlessly integrating with the industry-leading accounting platforms.

About M33 Growth

M33 Growth is a venture and growth-stage investment firm that partners with founders and CEOs who have successfully bootstrapped their companies to strong growth and are positioned to rapidly scale their companies and breakthrough as market leaders. With deep experience fueling sales and marketing engines, driving acquisitions, and building value through data assets, M33 Growth seeks to propel portfolio companies to succeed in their markets. Founded by veterans of renowned investment firms with considerable operational experience, the Boston-based firm seeks to invest in companies in the software, healthcare, and services sectors throughout North America. 

Growth Investment

Transaction Details

“Drew and Jeff truly understand the construction software vertical. Their operational backgrounds and industry contacts were invaluable as they worked with us as trusted advisors, helping us unlock bottlenecks to grow our business and setting Operix up for long term success. They were instrumental in the transaction with M33 Growth, and we are pleased to continue our relationship as we embark on the next stages of Operix growth.”
Jay Annarelli, Co-Founder & CEO of Operix

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