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Avetta, a supply chain risk management software solution, announced on Thursday the acquisition of Australia-based Pegasus, a worker competency management software and service system.
Pegasus’ products are used by more than 100 clients to manage 3.5 million workers employed by 70,000 suppliers. In a press release announcing the deal, Avetta said the acquisition will accelerate its global growth strategy while creating one provider of supply chain risk management that manages nearly 170,000 suppliers and 4 million workers.
“Pegasus and Avetta both share a vision to ensure workforces are competent and safe, and risk is being managed, globally,” Adam Boyle, Pegasus’ CEO, said in the press release. “Our worker-competency expertise complements Avetta’s world-class supply chain risk management product, and will benefit our people, clients and contractors as they access an even greater international network in a single provider.”