Pegasus

Newcastle, Australia Founded: 1987 • Age: 39 yrs Acquired By Avetta
Online platform for workforce management in various industries is provided.
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About Pegasus

Pegasus is a company based in Newcastle (Australia) founded in 1987 was acquired by Avetta in May 2021. It operates as a SaaS (Software-as-a-Service). Pegasus has raised $19.34 million across 1 funding round from investors including Avetta and Accel-KKR. Pegasus has completed 1 acquisition, including iskills. Pegasus offers products and services including Company Pre-Qualification, Worker Competency Management, Induction & Learning Management, and Site Access. Pegasus operates in a competitive market with competitors including WorkJam, Reflexis Systems, Fleet Complete, SIMPRO and Skedulo, among others.

  • Headquarter Newcastle, Australia
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Pegasu Pty Ltd
Operational Areas
Technology → Enterprise Software & Productivity Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $19.34 M (USD)

    in 1 rounds

  • Latest Funding Round
    $19.34 M (USD), Private Equity Round

    Jan 14, 2020

  • Investors
    Avetta

    & 1 more

  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    Avetta

    (May 06, 2021)

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Products & Services of Pegasus

Pegasus offers a comprehensive portfolio of products and services, including Company Pre-Qualification, Worker Competency Management, Induction & Learning Management, and Site Access. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Contracting companies are verified for quality and risk management.

Worker safety and compliance are managed efficiently and effectively.

Workforce training and induction are facilitated through online platforms.

Site access is controlled for competent workers with IDs.

Funding Insights of Pegasus

Pegasus has successfully raised a total of $19.34M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $19.34 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 1
  • Last Round Private Equity Round — $19.3M
  • First Round

    (14 Jan 2020)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Jan, 2020 Amount Private Equity Round - Pegasus Valuation Accel-KKR
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Pegasus

Pegasus has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Avetta and Accel-KKR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
Investments are focused on mid-market software and technology-enabled services firms.
Founded Year Domain Location
Supply chain risk management and supplier pre-qualification platform
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Pegasus

Pegasus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include iskills. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Industry training, workplace assessment, and management consultancy services are provided.
1999
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Pegasus

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Pegasus Comparisons

Employees
+
Add Comparison
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Competitors of Pegasus

Pegasus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WorkJam, Reflexis Systems, Fleet Complete, SIMPRO and Skedulo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Hourly workforce schedules and communications are managed via software.
domain founded_year HQ Location
AI-based workforce management software is offered for diverse industries.
domain founded_year HQ Location
Fleet, asset, and mobile workforce management solutions are provided.
domain founded_year HQ Location
Cloud-based field service management software is offered by SIMPRO.
domain founded_year HQ Location
Field workforce scheduling and mobile tracking software is offered.
domain founded_year HQ Location
Collaboration software solutions are provided for industrial workers.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Pegasus

Frequently Asked Questions about Pegasus

When was Pegasus founded?

Pegasus was founded in 1987 and raised its 1st funding round 33 years after it was founded.

Where is Pegasus located?

Pegasus is headquartered in Newcastle, Australia. It is registered at Newcastle, New South Wales, Australia.

Who is the current CEO of Pegasus?

Adam Boyle is the current CEO of Pegasus.

Is Pegasus a funded company?

Pegasus is a funded company, having raised a total of $19.34M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $19.34M, raised on Jan 14, 2020.

What does Pegasus do?

Workforce management solutions are offered by Pegasus to ensure safety and competency across various industries. Services are tailored for sectors like mining, construction, healthcare, and oil gas. Customizable software solutions are developed to manage worker compliance, site access, and training needs. Implementation and support are provided globally through partnerships. Risk management and legislative compliance are addressed through digital platforms and mobile applications.

Who are the top competitors of Pegasus?

Pegasus's top competitors include WorkJam, Parsable and SIMPRO.

What products or services does Pegasus offer?

Pegasus offers Company Pre-Qualification, Worker Competency Management, Induction & Learning Management, and Site Access.

How many acquisitions has Pegasus made?

Pegasus has made 1 acquisition, including iskills.

Who are Pegasus's investors?

Pegasus has 2 investors. Key investors include Avetta, and Accel-KKR.

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