323 Capital

PAXIT by MIS

One company at a time, owned for good.

We are not collectors of logos. Each business we acquire gets our full attention, beginning with Midwest Information Systems.

Holding no. 01

by Midwest Information Systems

PAXIT is image management, measurement, and analysis software for microscopy: the system of record for labs that capture, annotate, and report on what they see. Paired with PAXcam digital microscope cameras, it serves pharmaceutical, pathology, life-science, and industrial QA environments, including regulated 21 CFR Part 11 workflows.

Company
Midwest Information Systems
Product lines
PAXIT software · PAXcam cameras
Headquarters
Schaumburg, Illinois
Founded
1988
Acquired
December 2024 by 323 Capital
Ownership
Michael Williams, owner

Why PAXIT: a decades-old product with loyal laboratory customers, deep switching costs, and a team that cares. Every principle on our list, in one company.

The story so far

Nearly four decades in, just getting started.

  1. 1988

    Founded

    Midwest Information Systems begins building imaging software for microscopy in the Chicago area.

  2. 1990s to 2020s

    The standard takes shape

    PAXIT software and PAXcam cameras earn their place in pharmaceutical, pathology, and industrial labs, including regulated 21 CFR Part 11 environments.

  3. 2024

    A new chapter

    323 Capital acquires MIS on New Year's Eve 2024. Same team, same name, new energy, under ownership committed for the long term.

  4. Today

    Owned for the long term

    Investment in product and people continues under permanent ownership. No integration, no countdown.

Your company could be the next chapter.

If you own an enduring business and are weighing succession, we would like to meet you.

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