New York, NY, September 28, 2018 – CitiXsys Holdings, Inc, a leading mid-market retail software vendor, announced today that Housatonic Partners has made a significant strategic growth investment in the company. Housatonic expects that CitiXsys will serve as a growth platform in the retail software market for many years to come.
“After several years of strong growth driven by a modern product offering, high customer satisfaction and increasing market recognition, we are excited to partner with an investor who shares our vision for the future,” said CitiXsys CEO Kamal Karmakar.
“Kamal is a well-respected leader in the retail software industry and we are excited to partner with him. We believe our investment will accelerate CitiXsys’s global growth both organically and inorganically and look forward to the continued success of the Company,” said Mark Hilderbrand, a Managing Director of Housatonic Partners.
“Retail software is a fast-evolving market in which CitiXsys is one of the best positioned players,” said Thomas Schulz, a software industry expert and advisor to the company.
CitiXsys prides itself on its modern retail software capabilities driving industry leading customer experiences for middle market retailers. The company’s omnichannel solution provides consistent customer experiences across retail use cases such as point of sale, inventory & fulfillment optimization, loyalty programs, and pricing & promotion management.
CitiXsys is a leading global software company addressing the needs of mid-market retailers. CitiXsys works with over 1,500 retailers in 85+ countries. Founded in 2005, the company has become a leading mid-market retail software player with 14 offices around the world. For more information, please visit www.citixsys.com.
ABOUT HOUSATONIC PARTNERS
Housatonic Partners is a private equity investment firm founded in 1994, with more than $1.3 billion in capital under management. The firm invests in growing, profitable businesses with highly recurring revenue. Housatonic Partners has backed exceptional management teams in more than 90 small to mid-sized companies over the last 24 years. For more information, please visit www.housatonicpartners.com.