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Avetta Acquisition of Australian Worker Management Company Pegasus Completed After Receiving Regulatory Approval
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Avetta Acquisition of Australian Worker Management Company Pegasus Completed After Receiving Regulatory Approval
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Hartford Symphony Orchestra s Talcott Mountain Music Festival returning to Simsbury for 25th anniversary season
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Newcastle ISV Pegasus snapped up by Utah’s Avetta
Newcastle ISV Pegasus snapped up by Utah’s Avetta
The local company is set to become the Australian launch-pad of its US-based buyer.
Newcastle, NSW Credit: Dreamstime
Australian cloud-based workforce management software provider Pegasus has struck a deal to be acquired by supply chain risk management software vendor Avetta, with the local company set to become the Australian launch-pad of its US-based buyer.
Founded in the late ‘80s and based in Newcastle, NSW, Pegasus was originally created as a labour-hire and safety training company for mines in the Hunter Valley. The company subsequently developed software to help manage worker inductions, before pivoting entirely to become a software-as-a-service (SaaS) company.
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Combination to create largest global provider of supply chain risk and worker management solutions
Avetta®, the leading provider of supply chain risk management software, announced today it has agreed to acquire Pegasus, a leader in worker competency management software and services. Based in Newcastle, Australia, its products are used by more than 100 hiring clients, including BHP, Lendlease, and Otis, to manage 3.5 million workers employed by 70,000 suppliers.
The combination will help accelerate Avetta s global growth strategy and is expected to create the largest provider of supply chain risk management and compliance solutions, with nearly 170,000 suppliers and 4 million managed workers.
The events of the past year have highlighted that risks to an organization extend into its supply chain and on-site contractors. In order to ensure safer operations, corporations must ensure these essential workers have sufficient training and accreditation to perform their jobs with