New owner Accel-KKR has joined up INX Software and K2fly after recently paying circa-A$180 million for the two Western Australian mining software firms.
“Current and target clients that INX and K2fly serve face increasingly stringent regulatory obligations for identifying, managing and reporting risk, and need a robust tech stack of vertical solutions,” said Dean Jacobson, managing director at Accel-KKR.
“Leveraging the collective strength of INX and K2fly is a highly strategic response to the evolving compliance landscape to help clients stay ahead of enterprise risk and enable them to scale their businesses with confidence.”
The US-based technology investor said K2fly supported mining operations “in 900 locations in 62 countries” with its mineral resource disclosure, permitting and heritage management, tailings, rehabilitation, environmental monitoring and mine geology data management software.
This was complemented by INX’s workforce management, safety, compliance, training and reporting software and its “more than one million users across the globe”.
Accel-KKR said INX had doubled its annual recurring revenue (ARR) in the four years to FY2025.
K2fly was recently delisted from the ASX after Accel-KKR completed its reported $36 million acquisition of the company.
INX CEO Marcus Ashby said the two Perth-based companies were a natural fit, with many clients in common and complementary software solutions.
“By combining our solutions, we can connect K2fly’s resource governance expertise, which helps clients navigate complex compliance obligations, with INX Software’s strengths in risk, logistics, planning and workforce management,” he said.
