INX Software, a leading Australian provider of compliance, workforce management, training, and reporting solutions, has announced a significant equity investment from Accel-KKR. This investment, which grants Accel-KKR majority ownership alongside INX’s management, marks a major milestone for the company as it aims for global expansion.
1. Details of the Investment
- Investment Overview: Accel-KKR has acquired a majority stake in INX Software.
- Purpose: To support INX’s global expansion and development in risk, compliance, logistics, training, and reporting technologies.
2. INX Software’s Role and Solutions
- Company Profile: Based in Perth, INX Software serves major Australian companies with complex, high-risk operations.
- Product Suite: Offers solutions for mining, manufacturing, health, government, and other large sectors.
3. Strategic Impact of the Investment
- Global Reach: The investment will enable INX to access global markets and scale its operations.
- Continued Local Presence: INX will maintain its base in Western Australia while leveraging Accel-KKR’s resources for global growth.
4. Statements from Key Figures
- Marcus Ashby, CEO of INX Software: Highlights the benefits of the partnership for scaling solutions and meeting evolving customer needs.
- Dean Jacobson, Managing Director at Accel-KKR: Emphasizes Accel-KKR’s expertise in supporting software companies and expanding their markets.
5. Previous Investments and Achievements
- Accel-KKR’s Track Record: Notable investments in Australian software companies like Humanforce, Uptick, and Reapit ANZ.
- Recent Achievements: Accel-KKR’s investment in Seequent was named Buyouts’ 2021 International Deal of the Year.
The investment from Accel-KKR marks a significant step in INX Software’s journey towards global expansion. With a proven track record and access to additional resources, INX is well-positioned to enhance its offerings and scale its solutions worldwide, continuing its growth trajectory and meeting the evolving needs of its global customer base.
