diff --git a/src/ExponentialBackoff.php b/src/ExponentialBackoff.php
new file mode 100644
index 0000000..aba569e
--- /dev/null
+++ b/src/ExponentialBackoff.php
@@ -0,0 +1,184 @@
+<?php
+
+namespace ipl\Stdlib;
+
+use Exception;
+use LogicException;
+
+class ExponentialBackoff
+{
+    /** @var int The minimum wait time for each retry in ms */
+    protected $min;
+
+    /** @var int The maximum wait time for each retry in ms */
+    protected $max;
+
+    /** @var int Number of retries to be performed before giving up */
+    protected $retries;
+
+    /**
+     * Create a backoff duration with exponential strategy implementation.
+     *
+     * @param int $min The minimum wait time to be used in milliseconds.
+     * @param int $max The maximum wait time to be used in milliseconds.
+     */
+    public function __construct(int $retries = 1, int $min = 0, int $max = 0)
+    {
+        $this->retries = $retries;
+
+        $this->setMin($min);
+        $this->setMax($max);
+    }
+
+    /**
+     * Get the minimum wait time
+     *
+     * @return int
+     */
+    public function getMin(): int
+    {
+        return $this->min;
+    }
+
+    /**
+     * Set the minimum wait time
+     *
+     * @param int $min
+     *
+     * @return $this
+     */
+    public function setMin(int $min): self
+    {
+        if ($min <= 0) {
+            $min = 100; // Default minimum wait time 100 ms
+        }
+
+        $this->min = $min;
+
+        return $this;
+    }
+
+    /**
+     * Get the maximum wait time
+     *
+     * @return int
+     */
+    public function getMax(): int
+    {
+        return $this->max;
+    }
+
+    /**
+     * Set the maximum wait time
+     *
+     * @param int $max
+     *
+     * @return $this
+     * @throws LogicException When the configured minim wait time is greater than the maximum wait time
+     */
+    public function setMax(int $max): self
+    {
+        if ($max <= 0) {
+            $max = 10000; // Default max wait time 10 seconds
+        }
+
+        $this->max = $max;
+
+        if ($this->min > $this->max) {
+            throw new LogicException('Max must be larger than min');
+        }
+
+        return $this;
+    }
+
+    /**
+     * Get the configured number of retries
+     *
+     * @return int
+     */
+    public function getRetries(): int
+    {
+        return $this->retries;
+    }
+
+    /**
+     * Set number of retries to be used
+     *
+     * @param int $retries
+     *
+     * @return $this
+     */
+    public function setRetries(int $retries): self
+    {
+        $this->retries = $retries;
+
+        return $this;
+    }
+
+    /**
+     * Get a new wait time for the given attempt
+     *
+     * Encapsulates a backoff duration implementation for a specific retry attempt with exponential strategy.
+     *
+     * @param int $attempt
+     *
+     * @return int
+     */
+    public function getWaitTime(int $attempt): int
+    {
+        $next = $this->min << $attempt;
+        if ($next <= 0) {
+            // Can be caused by an integer out of range error, so use the max value.
+            $next = $this->max;
+        }
+
+        return $this->jitter(min($next, $this->max));
+    }
+
+    /**
+     * Execute and retry the given callback
+     *
+     * @param callable $callback The callback to be retried
+     *
+     * @return mixed
+     * @throws Exception When the given callback throws an exception that can't be retried or max retries is reached
+     */
+    public function retry(callable $callback)
+    {
+        $attempt = 0;
+        $previousErr = null;
+
+        do {
+            try {
+                return $callback($previousErr);
+            } catch (Exception $err) {
+                if ($attempt >= $this->getRetries() || $err === $previousErr) {
+                    throw $err;
+                }
+
+                $previousErr = $err;
+
+                $sleep = $this->getWaitTime($attempt++);
+                usleep($sleep * 1000);
+            }
+        } while ($attempt <= $this->getRetries());
+    }
+
+    /**
+     * Returns a unique random generated number in the range [$number/2...$number]
+     *
+     * @param int $number
+     *
+     * @return int
+     */
+    protected function jitter(int $number): int
+    {
+        if ($number === 0) {
+            return $number;
+        }
+
+        $halfN = (int) ($number / 2);
+
+        return $halfN + mt_rand($halfN, $number);
+    }
+}
diff --git a/tests/ExponentialBackoffTest.php b/tests/ExponentialBackoffTest.php
new file mode 100644
index 0000000..e35aae5
--- /dev/null
+++ b/tests/ExponentialBackoffTest.php
@@ -0,0 +1,78 @@
+<?php
+
+namespace ipl\Tests\Stdlib;
+
+use Exception;
+use ipl\Stdlib\ExponentialBackoff;
+use LogicException;
+
+class ExponentialBackoffTest extends \PHPUnit\Framework\TestCase
+{
+    public function testInvalidMaxWaitTime()
+    {
+        $this->expectException(LogicException::class);
+        $this->expectExceptionMessage('Max must be larger than min');
+
+        new ExponentialBackoff(1, 500, 100);
+    }
+
+    public function testMinAndMaxWaitTime()
+    {
+        $backoff = new ExponentialBackoff();
+        $this->assertSame(100, $backoff->getMin());
+        $this->assertSame(10 * 1000, $backoff->getMax());
+
+        $backoff
+            ->setMin(200)
+            ->setMax(500);
+
+        $this->assertSame(200, $backoff->getMin());
+        $this->assertSame(500, $backoff->getMax());
+    }
+
+    public function testRetriesSetCorrectly()
+    {
+        $backoff = new ExponentialBackoff();
+
+        $this->assertSame(1, $backoff->getRetries());
+        $this->assertSame(5, $backoff->setRetries(5)->getRetries());
+        $this->assertNotSame(10, $backoff->setRetries(5)->getRetries());
+    }
+
+    public function testGetWaitTime()
+    {
+        $backoff = new ExponentialBackoff();
+
+        $this->assertGreaterThan($backoff->getMin() - 1, $backoff->getWaitTime(0));
+        $this->assertGreaterThan($backoff->getWaitTime(0), $backoff->getWaitTime(1));
+        $this->assertGreaterThan($backoff->getWaitTime(1), $backoff->getWaitTime(2));
+        $this->assertGreaterThan($backoff->getWaitTime(2), $backoff->getWaitTime(3));
+    }
+
+    public function testExecutionRetries()
+    {
+        $backoff = new ExponentialBackoff(10);
+        $attempt = 0;
+        $result = $backoff->retry(function (Exception $err = null) use (&$attempt) {
+            if (++$attempt < 5) {
+                throw new Exception('SQLSTATE[HY000] [2002] No such file or directory');
+            }
+
+            return 'succeeded';
+        });
+
+        $this->assertSame(5, $attempt);
+        $this->assertSame('succeeded', $result);
+    }
+
+    public function testExecutionRetriesGivesUpAfterMaxRetries()
+    {
+        $this->expectException(Exception::class);
+        $this->expectExceptionMessage('SQLSTATE[HY000] [2002] No such file or directory');
+
+        $backoff = new ExponentialBackoff(3);
+        $backoff->retry(function (Exception $err = null) {
+            throw new Exception('SQLSTATE[HY000] [2002] No such file or directory');
+        });
+    }
+}