Felix Group (ASX:FLX), a construction procurement software provider, has disappointed fund managers. In August 2026, Perennial Partners exited its position after Felix continued to decline on little news and light volume, with tax-loss selling adding pressure. Salter Brothers noted Felix appointed a new chief executive, Chris Aitkin, who has 20 years of technology and software-as-a-service experience and previously led Rezdy, though the share price has remained under pressure. Felix Group operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 8 comments from 2 fund managers, Perennial Partners and Salter Brothers. Founded in 2012 by Mike Davis and Michael Trusler and headquartered in Teneriffe, Brisbane, Felix provides a cloud-based procurement and vendor management platform that connects construction, infrastructure and government asset owners with subcontractors and suppliers, and operates a marketplace linking contractors to project opportunities.