NEWS & INSIGHTS

Australian Tech Company Pegasus, An Accel-KKR Portfolio Company, Makes Strategic Acquisition to Support New Zealand Expansion

Accel-KKR | Mar 15, 2021

NEWCASTLE, AUSTRALIA: Pegasus, the world’s leading workforce competency management platform, today announced the acquisition of iskills, a New Zealand-based competency management specialist and training consultancy service.

The acquisition marks the next phase of growth as Pegasus expands its services in New Zealand, where the Silicon Valley-backed company manages safe workforces in its software for clients including Lion, Fletcher Construction, Chorus, Otis Elevators, Hilton Foods, and City FM.

“This strategic acquisition will allow us to enhance the support we offer our New Zealand clients while establishing an important presence there,” said Pegasus CEO Adam Boyle.

“Having the iskills team join us means we are offering clients the local support and experience they expect and working in partnership with an organisation which shares our values and safe worker mandate.”

Pegasus has worked with iskills for almost two years, and finding synergies between the businesses has been the core of the partnership.

“iskills is the New Zealand leader in competency management frameworks, defining the skills required to work safely in high-risk industries,” said Mr Boyle. “This perfectly complements the Pegasus objective to connect competent workers across a network of industries, employers, and clients in our software platform.”

A significant portion of the value Pegasus ascribes to iskills lies in its Managing Director, Sharon Macquarie, and her staff.

“Sharon and her team are a well-respected part of the NZ competency and training landscape and we are confident they will make us better and accelerate our growth plans,” said Mr Boyle.

iskills provides industry training, workplace assessment, and management consultancy services across New Zealand.

“Our objective is to keep workers safe, competent, and compliant in their fields of expertise,” said iskills Managing Director Sharon Macquarie. “We look forward to expanding our industry expertise with Pegasus, and to continue offering real value to our clients as a leader in competency management.”

Together, Pegasus and iskills manage the safety, training, and competency of over 3.5 million workers for more than 70,000 companies, offering workforce solutions and managed services in Australia and New Zealand.

“After securing a significant growth investment from Silicon Valley’s Accel-KKR in 2020, Pegasus has been positioned for rapid growth, with our sights set on supporting safe workforces worldwide,” said Mr Boyle. “We look forward to more strategic acquisitions and international expansion as we develop our world-class software.”

ABOUT PEGASUS

The leading cloud-based workforce management solution, Pegasus delivers insight, connects networks, and keeps workforces safe on site. Our clients, including Woolworths, Lendlease, Visy, and Yancoal, manage risk and control worker compliance with our intuitive software, which connects a competent workforce on over 700 client sites, verifying the safety and skills of 3.5 million workers from over 70,000 companies. We are experts in ensuring safe and qualified workers for industries including construction, manufacturing, mining, healthcare, government, retail, facilities management, utilities, ports, and oil and gas.

ABOUT iskills

iskills is a multi-award-winning NZQA registered and accredited Training Provider specialising in the infrastructure, telecommunications, electricity supply, gas and construction sectors. We provide industry training, workplace assessment and competency management and consultancy services, nationwide. iskills consistently achieves NZQA’s highest quality assurance level achievable by a registered Tertiary Education Organisation, which gives our clients confidence that their workers receive quality training outcomes. We pride ourselves on being more than just a training company. Our people are industry specialists and we are passionate about partnering with our clients to deliver specialist advice and customised solutions that cannot be matched by our competitors.