XOi
Assembly Line
XOi Amplifies Field Service Innovation with New Strategic Investment and Acquisition
XOi, a leading provider of jobsite-focused technology solutions, has acquired Specifx, a data enrichment and metadata retrieval platform for field service equipment. The acquisition was enabled by a strategic investment from KKR, a global investment firm. This investment marks a significant milestone in XOi’s journey to build out its system of work for the field service ecosystem. The combined resources and capabilities of XOi and Specifx will deliver a unified framework of proprietary and operational data to fuel innovation in the mechanical, electrical, and plumbing industries. XOi’s platform provides AI-powered workflows, asset and team management functions, and a comprehensive knowledge base, aiming to modernize the field service industry. The acquisition of Specifx enhances XOi’s database offering, allowing for faster and more meaningful innovation. KKR’s investment will help XOi meet and exceed stakeholder expectations of sustainability, profitability, and transparency.