Specifx Joins Forces with XOi to Enhance Field Service Technologies
Deal News | Feb 18, 2025 | Goodwin
XOi, a key player in jobsite-focused technology for the field service industry, has acquired Specifx, a leading data management company specializing in on-demand data enrichment and metadata retrieval for HVAC companies. The acquisition allows XOi to integrate Specifx's innovative product offerings, such as Decoder and Insights, into its existing technology suite, thereby enhancing XOi's ability to deliver comprehensive data solutions to stakeholders within the field service ecosystem. Goodwin LLP advised on the acquisition, with their team providing expertise across multiple disciplines including M&A, corporate law, tax, intellectual property, and employment law. This strategic acquisition is expected to drive faster innovation and improve data accessibility in the mechanical, electrical, and plumbing sectors.
Sectors
- Technology
- Field Service Management
- Mergers and Acquisitions
Geography
- United States – The companies involved in the acquisition, XOi and Specifx, operate primarily in the U.S market.
Industry
- Technology – The article discusses the acquisition of Specifx, a tech company offering data management solutions for HVAC companies.
- Field Service Management – XOi is involved in providing jobsite-focused technology solutions, which are integral to the field service management industry.
- Mergers and Acquisitions – The article is centered around the acquisition of Specifx by XOi.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Specifx | Target Company | Company | Specifx is a data management leader for HVAC companies, providing on-demand data enrichment and metadata retrieval. |
| XOi | Bidding Company | Company | XOi is a provider of jobsite-focused technology solutions for the field service ecosystem. |
| Goodwin LLP | Legal Advisor | Company | Goodwin LLP provided legal advisory services for the acquisition. |
| Andrew Sparks | Legal Advisor | Person | Andrew Sparks is part of the Goodwin team advising Specifx. |
| Jean Lee | Legal Advisor | Person | Jean Lee led the M&A team at Goodwin advising on the transaction. |