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Avetta agrees to acquire Pegasus to accelerate global growth in worker management software industry 

Avetta, the leading provider of supply chain risk management software, announced May 7 that 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, according to a news release.

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 without injury, and monitor access to hazardous areas and equipment.

The Pegasus online platform has helped manage these trade-specific compliance requirements since its inception in the mining industry in 1987.

“Together, Avetta and Pegasus will provide our clients the largest and most complete supply chain risk and worker competency management solution in the world,” said Arshad Matin, Avetta CEO and president.

“The Australian government and businesses have led the way in monitoring contractor safety and compliance programs. We are excited to add this pioneering software innovator and take those insights and capabilities worldwide.”

“Pegasus and Avetta both share a vision to ensure workforces are competent and safe, and risk is being managed, globally,” said Adam Boyle, Pegasus CEO. “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.”

Headquartered in Newcastle, Pegasus also has offices in New Zealand and channel partners in Germany, England and Scotland. The company provides worker competency management, induction and learning management, supplier prequalification, site access, and asset management. It serves a diverse range of industries, including construction, energy, healthcare, government, manufacturing, mining, retail & facilities, transportation, and utilities.

Pegasus will become the base of operations for Avetta in Australia.