Management Team Buys Metrix

By Larry Laux
President and Founder

My partners Tom DeVroy (VP Sales), Pat Liegel (CFO) and I have completed a friendly Management Buy-Out of Metrix, Inc.

We formed a new Limited Liability Company (LLC) here in Wisconsin and used it to acquire most of the assets and liabilities of Metrix, Inc. including the software rights, support contracts, websites and the name itself.

So as of the end of October, we are the owners and management team of Metrix LLC.

As you might expect, that activity has taken a good bit of time and effort to complete. It is the main reason why I have been delinquent in making a new blog entry.

For current and potential clients, this is something of a non-event. All of the people from Inc. have been offered and accepted employment with Metrix LLC, doing the same jobs as before. All of the telephone numbers, addresses and contacts remain the same.

This management buyout is only the beginning of an exciting time for Metrix, our clients, employees and partners. For example, we will be updating our website and brand by the end of the year and making other significant announcements in the weeks and months ahead. It’s all part of the new Metrix and the advances we are making in products, personnel and services.

So why did we do it?

The simple answer is the most accurate – we see a very strong, positive future for Metrix, and we felt that it could be best achieved with a simpler ownership structure.

That we would invest our own money into Metrix makes a very strong statement to our confidence in and commitment to this marketplace.

Leave your comments here, or e-mail us at llaux@metrix.com or tdevroy@metrix.com or pliegel@metrix.com.

Thanks for having confidence in us. Stay tuned.