Founded in 1987, Pegasus doesn’t have a traditional startup story and instead finds its roots as a pure labour-hire company. Adam Boyle was brought on as Chief Executive in 2007 and tasked with diversifying the business and concentrating future investment on growing and commercialising their tech product, Onsite Track Easy.
With Adam at the reigns, Pegasus is now a purely software-based company that provides workplace management solutions to companies including Woolworths, BHP, Visy, Lendlease, Aurizon and Ausgrid. The tech lets organisations manage their contractors and workers, giving them control over qualifications, competency, inductions, training, site safety, and assets on site. Adam and his team have set their product apart, leveraging their deep industrial roots and by keeping the customer and user front of mind with a single networked ‘passport’. They understand the problem and make it easy for workers to move across industries and organisations while getting to work safely.
Since 2013 Pegasus have experienced close to 25% year on year growth and is on track for 40% this year. The team raised $28million from Silicon Valley tech investment firm Accel-KKR, and more recently announced their acquisition by US-based firm Avetta, for an undisclosed amount. Adam and his team are poised to accelerate their growth globally and solidify their place in the industry as the leader in worker compliance software.
Join us for this very special follow-up Startup Stories as we dive into the acquisition process with Adam and hear what’s next on their roadmap.
The University of Newcastle's Integrated Innovation Network (I2N) is responsible for driving economic diversity and business growth through innovation and entrepreneurship. At its network of innovation hubs, which are home the Hunter region’s most promising innovators and entrepreneurs, the I2N delivers a range of enterprise skill building programs that develop ideas into sustainable, global businesses.
You may be photographed or videoed while attending this event: please approach the organiser if you have questions, concerns, or do not wish this to happen.
The event organisers may add you to a mailing list so they can follow up, and you can receive updates about their activities: this mailing list will have an easy-to-find unsubscribe button.