Tanarra acquired a majority share of the business in 2019 with founders continuing to hold a substantial interest
- INX Software provides workforce management and Environment, Health and Safety (“EHS”) software, primarily to the resources sector and related industrial sectors
- Blue chip customer base which includes Rio Tinto, Oz Minerals, Optus, Roy Hill, Origin Energy, Anglogold Ashanti, Mineral Resources and Downer EDI.
Investment rationale
- Investment in a large, fragmented and rapidly growing market
- Leverage to upturn / global growth in mining / commodities sectors
- High customer retention and increasing recurring revenues
- Professionalisation of a family business
Tanarra value-add
- Access to Tanarra networks, including potential global mining clients
- Support with growth capital for high value initiatives
- Opportunities to support INX in bolt-on acquisitions in a fragmented space
- Focus on process improvements to improve cross selling and professionalisation of corporate infrastructure
