Avetta Closes Pegasus Deal
July 20, 2021
completed the acquisition of Australia-based Pegasus has passed regulatory
approval . Based in Newcastle, NSW, Australia, Pegasus is a leader in worker
competency management software and services.
The combination accelerates Avetta’s global growth strategy and creates the
largest provider of supply chain risk management and compliance solutions with
150,000+ suppliers and over 4 million managed workers.
“We welcome the Pegasus employees and customers to the Avetta team,” said Arshad
Matin, Avetta CEO and President. “We look forward to combining our efforts in
both supply chain risk and worker management to significantly grow our business
throughout the world and delight our customers with solutions that best manage
workers, improve safety and increase sustainability.”
As previously announced, the Pegasus offices will become the base of operations
for Avetta in Australia and New Zealand. Pegasus CEO, Adam Boyle, will lead the
Avetta team toward further expansion in the Australia-New Zealand (ANZ) market.
Boyle and current Pegasus investor, Accel-KKR, are now equity investors in
“NSW has a long history of technology success and leading the charge in the
digitisation of businesses across Australia,” said the Hon. Stuart Ayres MP, NSW
Minister for Jobs, Investment, Tourism and Western Sydney. “The history and
success of Pegasus is a testament to the strength of innovation, not just in
major cities but also in regional areas like Newcastle. It's proof that the
right idea can come from anywhere.
“We have an incredible depth of talent in NSW, however we need to continue to
foster, cultivate and grow this pipeline to ensure our industry thrives.
Businesses such as Pegasus are at the forefront of nurturing this talent, and
the acquisition by Avetta represents an excellent opportunity to build on its
With Pegasus technology, Avetta offers market leading worker competency
management, induction and learning management, supplier prequalification, site
access and asset management to its solutions.
greatest benefit of Pegasus has been the personalised service, efficient team
and holistic approach to our workforce management,” said Talan Breaden, Manager
- People & Safety at Aeris Resources. “Pegasus gives us the visibility and
control to effectively manage our contractor compliance, workforce training and
Chris Taylor, Head of Safety and Wellbeing at Hilton Foods added, “We have found
that by using the Pegasus System the ability for our business to monitor
competence of both individuals and businesses has improved dramatically and at
the same time gives us assurance that we only hire those that meet our safety
Avetta’s technology platform, Avetta Connect™, helps companies worldwide manage
risk and build resilience in their supply chains – from increasing visibility
within the network to ensuring safety and sustainability. The Avetta Marketplace
provides suppliers and contractors deep discounts on insurance and
safety-related products and services. The company is majority-owned by Welsh,
Carson, Anderson & Stowe with key investments from Technology Crossover
Ventures, and Norwest Venture Partners.