Portainer.io Launches Portainer Business Edition, Bringing Simplified Container Management Platform to Enterprise Scale
- : Portainer.io
- : 10/12/2020 07:00
Auckland, New Zealand, December 10th, 2020 – New Zealand-based Portainer.io, creator of open source tools to easily manage containers, has launched Portainer Business, which adds premium business-critical features to its container management platform.
Growing to 500,000 open source users in just two years, Portainer.io is anticipating rapid uptake of its business offering, particularly given the recent introduction of support for Kubernetes.
Portainer Business is built on top of Portainer.io’s beloved open source platform, which simplifies container management and orchestration without compromising functionality. Portainer Business serves the CIO and CISO community by offering the enhanced control and security needed to run Portainer in corporate Kubernetes, Docker, and Edge environments.
The new product also incorporates the rigorous pre-release testing and comprehensive support business users need for an annual license fee, while continuing to decrease complexity and humanize container management.
Complexity and security are two of the top challenges facing teams deploying containers, according to CNCF data. Portainer Business solves both.
“We are thrilled to launch Portainer Business today because it will enable Portainer.io to remain true to our open source roots,” said Portainer.io CEO and Co-Founder Neil Cresswell.
“We are a small team with big ambitions for our open source software and we want to be able to continue to innovate and respond to development requests from our community. With Portainer Business, we can meet the needs of commercial users in a sustainable way while continuing to fund Portainer’s open source Community Edition.”
Portainer.io is well-equipped to support a proven model of offering both paid and open source versions of its product. The Portainer.io team is spread across four continents and covers every time zone and multiple languages. As Portainer Business gains traction, the company will grow its support footprint further and work with partners to amplify its uptake.
By volume of users, Portainer.io is already one of the most successful software ventures to come out of New Zealand. Earlier in the year, the company attracted an initial seed funding round of US$1.2 million to fast-track its growth plans and is looking to rapidly convert its open source success into global revenue generation. Portainer Business is launching with more than 800 users already onboard and a backlog of 250 self-identified early adopters waiting to get their hands on its software.
Portainer.io was born in 2017 from founders Neil Cresswell and Anthony Lapenna’s own struggle to learn Docker, with the vision to create a simple GUI-based tool to manage Docker – regardless of whether it was deployed standalone, in a cluster, on-premise, at the edge or in the cloud. In August 2020, the project was expanded to include support for Kubernetes and Azure ACI as well as retaining full support for Docker & Docker Swarm. Portainer Community Edition currently has over 500,000 global users. Portainer Business is the first business product Portainer.io has offered in its quest to humanize container management and orchestration. The team most recently raised a $1.8M NZD/$1.2M USD seed round in August of 2020.
- Neil Cresswell
- : https://youtu.be/YiNyx_qhUOQ
- : Savannah Peterson
- : Publicist for Portainer
- : Savannah@SavvyMillennial.com
- : 18055501998
- : http://Portainer.io
- https://twitter.com/portainerio | https://www.linkedin.com/company/portainer | https://www.youtube.com/channel/UC7diMJcrULjDseq5yhSUZgg
- : Recruit
- : 01/12/2020
Recruit.nz launches innovative employment site that connects local job seekers and employers
New Zealand, (December 01, 2020) — Recruit.nz, New Zealand’s newest and most innovative online job portal has just launched and is already connecting job seekers and employers.
What makes Recruit.nz attractive is It is smarter, easier and affordable for everyone to use for both job seekers and employers. Recruit.nz set out to deliver a premium service that is accessible to job seekers and businesses of all sizes.
Premium features come standard for employers on the site.
These features include:
- Custom hiring teams, where an employer can create approval systems to evaluate applicants.
- An integrated To-Do List, which is an innovative feature where your hiring team can keep track of the team’s tasks and recruitment operations all within the site.
Supporting local businesses in an atypical way is one of Recruit’s goals, “We wanted a way to support people who were looking for jobs, and also the businesses that were hiring them,” says Recruit’s founder, Sathya Parlapothula.
“By giving local businesses a site where they can post their jobs for free, and take advantage of enhanced features like custom branding, manage hiring teams & applicant management tools if they so choose, we feel we are able to help our economy move forward from what was a very difficult year for many,” says Sathya Parlapothula.
Recruit.nz is an all-inclusive online job portal based in New Zealand that launched in November 2020. They believe in working smarter, not harder. That’s why they created a portal like no other. No matter if you are looking for a job or looking to fill a job, they help make the process easier and faster than any other local job site around.
- : https://www.youtube.com/watch?v=jUDM1nDTf1A
- : Sathya Parlapothula
- : CEO
- : email@example.com
- : 043901205
- : https://www.recruit.nz/
- https://www.facebook.com/Recruit-New-Zealand-115590076985758 | https://www.linkedin.com/company/recruit-new-zealand
- : AMS
- : 15/10/2020 09:30
Established New Zealand cloud software company, AMS (Advanced Management Systems Ltd), has today announced the launch of AMS Pulse, its secure, cloud-based, workforce management platform. The next-generation solution puts the Kiwi people management provider in a strong position alongside its global competitors.
AMS Pulse recognises New Zealand owned organisations are increasingly looking for rapid digital transformation in workforce management. AMS Pulse now makes the complexities of compliance, rostering, managing and paying New Zealanders, simple and accessible via the cloud.
The AMS Pulse cloud platform is hosted in a government approved, secure, data centre. It keeps employee records in New Zealand, providing added accessibility and security.
“Buying local is no longer just about the proximity of on ground support,” says AMS, CEO, Joseph Yip. “It’s about data security, accessibility and collaboration. Lockdown has put much greater emphasis on the ability to be able to manage complex workforces remotely – for both employer and employee.”
AMS currently provides payroll and other services to the majority of NZ healthcare employees and is strongly represented across the public sector and other large enterprises in New Zealand AMS Pulse also provides the platform for a secure, collaborative, eco-system across industries to benefit New Zealand as a whole.
Users will be able to participate in sharing knowledge to establish best-practice and identifying the most effective and efficient way of managing the complexities of their industry’s workplace practice. This includes setting industry best-practice and standards many of which can be built into the AMS Pulse platform.
“We already have a handful of companies using the AMS Pulse platform, including Callaghan Innovation and the Electoral Commission”, explains Joseph Yip. “We hope to see exponential benefit for these companies from AMS taking a collaborative approach to future development.”
AMS remains a privately owned and operated company with a forty strong in-house research and development team at its Auckland headquarters. As a company AMS takes great pride in being New Zealand born and bred, with a culture of innovation that has successfully supported it over four decades in business to date.
- AMS_Joseph Yip_CEO_HS
- : Joseph Yip
- : CEO
- : firstname.lastname@example.org
- : 0272932282
- : https://ams.co.nz
- : Cin7
- : 14/10/2020
Technology business leader will help Cin7 scale with accelerating demand
Auckland, New Zealand and Denver, Colorado – October 14, 2020 – Cin7, a pioneering inventory and order management software company, announced today the appointment of David Kennedy as Chief Operating Officer, who brings nearly 20 years of technology and operations leadership experience to the global business.
As COO of Cin7, Kennedy will focus on leading and building teams to efficiently scale Cin7’s digital, cloud-based software-as-a-service business, cementing its position as the global leader in inventory management software, and rapidly expanding in key markets such as the United States.
CEO David Leach says Kennedy’s background as a global CIO with a focus on cybersecurity is particularly key for Cin7’s future focus.
“In the modern world, tech is integral to all parts of the business, and it’s embedded more than ever in our operating model. We’re really fortunate to have a COO in David who has that Global CIO background that can help us scale but also use systems, teams, and technology to their full advantage. We can automate, and speed up, as we continuously improve the experience for our customers, partners, and employees.”
“I really enjoy the challenge of creating value for customers and helping growing teams become more effective and efficient,” Kennedy says. “The world is changing at an ever-increasing pace, and it is our responsibility as leaders to help our teams innovate so that we ultimately give our customers the best experience possible.”
Previously, Kennedy held Global CIO positions at Orion Health and TSG, with a focus on creating secure technology solutions and building tight, innovative, flexible teams. Before that, he worked as an advisor at KPMG for almost a decade and a security architect at IBM. His experience has been forged by working in multiple verticals including FinTech, MedTech, banking, Big Four consultancy, military, and FMCG.
Cin7’s inventory and order management platform connects more than 550 ecommerce platforms, online marketplaces, 3PL warehouses, and native EDIs in one solution, helping retailers and product sellers quickly and efficiently get their products to customers wherever they are, from any channel. Founded in New Zealand and featuring a global customer base across 25 countries, in early 2020 Cin7 established a significant US presence to serve its growing customer base and accelerate capture of the North American market. Every month, millions of orders flow through the platform, representing over a billion dollars of product sales, as Cin7 helps growing brands sell more products, to more customers, in more places.
- : Doug LaBahn
- : CMO
- : Dougl@cin7.com
- : 6498897150
- : https://www.cin7.com/
- : Inka Bands
Founder of ‘Inka Bands™’ in Auckland recently launched a new online store featuring stylish exercise accessories to meet rising demand for at-home fitness gear
Auckland, New Zealand — Oct. 12th, 2020 — The COVID-19 pandemic has presented a mountain of challenges to entrepreneurs everywhere.
But any ambitious visionary knows in challenges there are often opportunities.
Many entrepreneurs have used the pandemic as a chance to rebrand, pivot, and activate new ideas for these new and unusual times.
For Auckland entrepreneur Wayne Bowater, the pandemic presented him with an opportunity to launch a new brand to meet a new need.
Bowater is the managing director of McKenzie Group, a global distributor of quality health and wellness products sourced in New Zealand, and Mckenzie Distribution for its New Zealand distribution requirements. Recognizing a spike in at-home fitness due to the pandemic, he launched Inka Bands™ to introduce stylish and fashionable wrist weights and ankle weights for fitness enthusiasts in New Zealand and Australia.
“Though many entrepreneurs have taken a big hit during the pandemic, some of us have tried to stay alive by looking for new opportunities during the coronavirus lockdown,” Bowater said. “With so many people now working out at home, I came up with a fun new idea to power their workouts with great-looking hands-free weights to go along with their great-looking workout gear.”
The name INKA is a nod to a slang term referring to “the best friend you could ever ask for.” Inka Bands offer a comfortable way to add resistance to a home workout with attractive wrist and ankle weights manufactured from the highest quality fitness materials. Every Inka Band is waterproof. They come in a range of contemporary colours.
“Whether exercising along with a virtual workout at home, running, biking, hiking, rehab, yoga outdoors, or heading back to the gym for a Pilates session, we’ve got you covered with Inka Bands,” Bowater said. “Our beautiful weighted bands are perfect for boosting the muscle-building and fat-burning power of any workout. Best of all, you can wear them down to the cafe afterwards due to their stylish design sensibility.”
Learn more about Inka Bands and shop online at https://inkabands.co.nz.
- Inka Bands model pic
- : Wayne Bowater
- : Director
- : email@example.com
- : 094485830
- : https://inkabands.co.nz
- : The Factory
- : 07/10/2020
Over the course of the past two nights, 15 of Innovate’s mentors, including four finalists from previous years, listened to 20 semi-finalists pitch their ideas, hoping to gain access into the rigorous Innovate programme.
In its ninth year, Innovate is a staple of the Manawatu entrepreneurial eco-system. What started out as a “Dragon’s Den” competition in 2011, has turned into a process that not only builds business, but more importantly, builds people.
“We’ve had over 1,700 entries in nine years and Innovate has helped shape business and people during its time. Each year we’re hopeful of finding those that are stuck or have a novel idea and need a bit of guidance to push forward, and each year we are elated at the quality that continues to come in,” says Nick Gain, General Manager of The Factory.
“This year was no different. 61 entries competed for five spots and the quality forced the mentors to select seven and if I’m honest, there were many more that could have made it.”
The programme for the finalists begins Thursday night where they will be guided through a structured process that not only will help them validate and build their business but also connect them into a mentor pool of talent that spans New Zealand and the globe.
“We’re humbled to have business leaders, thought provokers, Innovate alumni and others that understand the power of foundational entrepreneurship put their hand up each year to help. It was incredible to see four of our Innovate Alumni in our mentor room this year, helping select the next round of entrepreneurs and then ask to mentor them using the knowledge they learned through their Innovate journey,” says Dave Craig, CEO of The Factory.
Chelsea Hirst, Innovate winner in 2016, was one of this year’s mentors tasked with selecting the finalists for the programme. “I received amazing support from Innovate with starting my business and I’m excited to give back by supporting this year’s finalists on their own Innovate journeys!”
Over the next 8 weeks, the seven finalists will meet each week at The Factory in Palmerston North and dive into building their idea into a validated business. Each finalist will be paired with mentors as well as have access to the full mentor pool The Factory has built over the past 12 years, which includes national and international presence.
Using lean methodologies, finalists will learn about intellectual property and protection, cash flow and budgeting, validation but most importantly, what it’s like to be an entrepreneur. This all cumulates into a pitch night happening on the 26th of November in Palmerston North, traditionally a sold-out dinner, where each will have an opportunity to present their validated idea to local Manawatu business leaders, angel investors and others that support entrepreneurialism in the region.
Mike Saywell and Dr. John Kirkland
Mike and Dr. John have discovered six levers that that will allow people to improve thinking and learning and to unpack content. They have designed a set of increasingly complex levers that learners may use for prying into content, called The Six Learning Levers.
Dieter is hoping to help those with stomas. A stoma is an opening on the abdomen that can be connected to either your digestive or urinary system to allow waste to be diverted out of your body, traditionally into a stoma bag. These bags are prone to leaking when they become full. The wearer of the stoma is not always aware that the bag is full causing sleepless nights, embarrassment and frustration. Dieter wants to build a device that can be attached to the bag that will alert the wearer that the bag has reached capacity.
Toni Grace and Iain Lees-Galloway
Toni and Iain are working on Here’s Good, a social enterprise that plans to independently measure the activities of participating businesses and give them a score that quickly tells consumers how much they are investing in social impact; and then develop that into a software platform delivered through an app.
Jeanette has created freeze-dried baby food powders containing only vegetables (e.g. broccoli, spinach, beetroot, kūmara, green bean, potato, pumpkin). The sachets are travel/storage friendly with a long shelf-life. With the simple addition of water (or breastmilk), the powders rehydrate to smooth baby purées. The freeze-dried method retains the nutrients and is cost-effective, enabling a competitive price but at a high profit margin.
Barbara has built an online supported programme called Event Ready Bodies to help bridge the knowledge gap for sports event participants about long term physical development. The programme doesn’t replace the coach or personal trainer, rather supports the individual to structure their training activities so they are injury-free, functional and experience continued physical improvement (even as they age.)
Farmers have been putting information into recording software for years, but no one has created a way to get value out of that data. Emma will use her qualifications as a farm environment planner and greenhouse gas advisor, and her experience in user based design and farmer training to create a modular farm plan system that mines that data to create low cost, high quality compliance plans.
Ian’s created an urban focused electric motorcycle for Gen X / Y / Z. His main focus is on design, trying to outdate the small, ugly and sometimes smoky bikes. The motorbike has a 2kw electric motor and is designed for urban/town/city use. The bike has been in development for almost 2 years, the 1st prototype is complete (which we saw) and looks a treat!
- : Nick Gain
- : General Manager
- : firstname.lastname@example.org
- : 063533100
- : https://www.innovate.kiwi
- : FarmIQ Systems Ltd.
- : 28/09/2020
FarmIQ is pleased to announce the appointment of Will Noble in the role of Chief Executive Officer, starting in late September 2020.
Mr Noble is an experienced strategic and operational leader. He is a strong all-rounder with a background in a range of areas such as digital, software-as-a-service, niche market, management consulting, advisory, and project management. His most recent role was as the Client Services Director at Fujitsu New Zealand.
FarmIQ’s Chairman John Quirk says, “Mr Noble is a customer-orientated New Zealand business leader with an entrepreneurial spirit and solutions-focused approach. Will has demonstrated he can transform organisations to achieve growth in complex environments through a focus on innovation, customers and his team. He is motivated to drive sustainability, innovation and efficiency in business – three strengths that we believe can create real value at this important time for New Zealand agriculture as it grapples with information platforms and farmer productivity.”
Over the past 25 years, Mr Noble has amassed a wealth of local and international experience; leading a number of large and diverse business divisions across industries such as IT, digital media, telecommunications, professional services and project management.
Mr Noble says, ”I’m looking forward to supporting our highly capable team to build on the tremendous foundations FarmIQ has established over 10 years serving New Zealand pastoral farmers”. He continued, “Our business intelligence platform informs better decision making inside the farm gate – I’m excited to be joining the FarmIQ team at a positive inflection point for the primary sector and Agri-tech in New Zealand.”
- Will Noble 4MP
- : John Quirk
- : Chairman
- : email@example.com
- : 021625675
- : https://farmiq.co.nz/
- https://www.facebook.com/FarmIQNZ | https://www.linkedin.com/company/farmiq-systems-ltd | https://twitter.com/FarmIQNZ
- : Flintfox International
- : 28/07/2020
Flintfox honoured by Microsoft for outstanding sales achievement and innovation.
(Auckland, New Zealand, July 28, 2020) – Flintfox International, a disruptive innovator in pricing and rebate management and Gold Microsoft partner in the development and implementation of Supply chain solutions , are honoured to receive the 2020 MSUS Partner Award for Retail.
Flintfox is also proud to have achieved prestigious 2020/2021 Inner Circle status. Membership in this elite group is based on sales achievements that rank Flintfox in the top echelon of the Microsoft Business Applications global network of partners. Inner Circle members have performed to a high standard of excellence by delivering valuable solutions that help organisations achieve increased success. For the 4th time, Flintfox has been selected out of thousands of partners for this elite membership.
“Each year we recognise Microsoft Business Applications partners from around the world for delivering innovation and driving unsurpassed customer success,” said Cecilia Flombaum, Microsoft Business Applications Ecosystem Lead. “Our Inner Circle members are chosen based on their business performance as well as capabilities as an organisation, whether that’s creating IP, developing solutions, or having an industry leading focus on digital transformation. Microsoft is honoured to recognise Flintfox for their achievements this past year, their dedication to our customers, and their innovation around the Microsoft Cloud.”
2020/2021 Inner Circle members are invited to the Inner Circle Virtual Summits, taking place quarterly between July 2020 and June 2021, where they will have a unique opportunity to share strategy and network with Microsoft senior leaders and fellow partners.
The Microsoft US (MSUS) Award program was developed to recognise outstanding achievement by their US partners. Flintfox was up against a competitive nomination pool and rose to the top amongst hundreds of other partners and ISV’s.
Flintfox, with their best of breed solutions for managing supply chain revenue, together with Microsoft, enable companies to achieve more in the US and beyond. With Dynamics 365 Finance and Supply Chain Management and the Flintfox pricing and rebate management solution, there has never been such a complete and powerful tool available for Supply Chain companies. Flintfox are proud to have had their achievements recognised by Microsoft.
Many clients have trusted Flintfox to implement Dynamics 365 along with their Revenue Management suite of products.
“Supply chains are complex these days and managing pricing and incentives accurately for companies can be the difference between profit and loss. With Microsoft’s commitment to ERP innovation, breadth of functionality, and ease of use, Flintfox complex pricing and rebate management provides a true competitive advantage. With our Dynamics 365 offerings and our deep domain expertise along with our revenue management software, we are not just competing, we are winning. To be selected as a top partner for the prestigious Inner Circle Award is another indicator of the success of Flintfox in sales and innovative, industry-leading supply chain software.
We are proud that our outstanding achievements globally have been recognised by Microsoft US. All the more extraordinary is the size and scale of North America and thinking back to our humble beginnings in New Zealand. This is a fantastic reflection of the leading Dynamics implementation expertise we have in North America and is a great testament to our company as we continue to grow in scale and influence. Looking forward to achieving even more wins with Flintfox and Microsoft – we make an incredible team.” says Flintfox CEO and Chairman, Mike Ridgway.
Flintfox has over 15 years of leading collaborations with Microsoft as an ISV, resulting in dozens of happy Dynamics AX and Dynamics 365 ERP clients getting the solutions they need to succeed and grow. As well as bringing extended functionality to D365, Flintfox has recently developed the RMx hyper-speed pricing engine in the Azure cloud, that works with any ERP, to complement the Trade Revenue Management (TRM) Suite for Dynamics. RMx delivers 5,000 complex prices calculated per second in Azure. There is currently no other solution like it in the world.
Flintfox provides best of breed Trade Revenue Management (TRM) solutions for resolving revenue challenges across the supply chain. They have over 30 years of expertise delivering TRM solutions to over 125,000 users across 25 countries within the manufacturing, wholesale distribution and retail industries. Their TRM software, for both buy and sell-side operations, integrates with any ERP and enables accurate, real-time calculations for complex revenue activities including price management, promotions pricing, rebate management, claims and deductions. As a Microsoft Gold Partner, Inner Circle Member and one of only 10 software developers managed globally, Flintfox also provides consulting and implementation services for Microsoft Dynamics applications. Flintfox operates across North America, South America, Europe and Asia Pacific, with headquarters located in New Zealand.
- : Chris Spence
- : Chief Marketing Officer
- : firstname.lastname@example.org
- : 6421899595
- : https://flintfox.com
- https://www.linkedin.com/company/flintfox/ | https://twitter.com/FlintfoxIntl | https://www.facebook.com/flintfoxintl/
- : Flintfox International
- : 17/06/2020
Flintfox International poised for rapid global expansion and innovation of next generation technologies.
(JUNE 2020, AUCKLAND, NEW ZEALAND) Flintfox International (Flintfox), a disruptive innovator and global leader in delivering supply chain management solutions, announced today that Advent Partners (Advent) has invested in the company.
The partnership with Advent will allow Flintfox to further fast-track growth and enhance its leading Revenue Management and Optimization product portfolio. All of Flintfox’s existing shareholders retained a shareholding.
“Advent Partners’ investment approach provides strong alignment with our strategy and offered us a strategic partnership to capitalize even further on our global presence as we begin to enter our next and very exciting phase of growth.” said Mike Ridgway, CEO and Chairman of Flintfox.
“Our partnership will allow us to invest further into research and development, particularly in the areas of revenue optimization, pricing performance, and rebate management, extending our competitive advantage and ensuring our global team of Microsoft Dynamics implementation consultants have the tools they need to deliver the best solution stack available on the market today.”
Despite being headquartered in New Zealand, Flintfox has, over the last decade, become recognized as one of the most influential Microsoft Global Independent Software Vendors (ISV) in the world and has cemented its position as experts in trade revenue management, and supply chain solution delivery.
This was further accelerated by the phenomenal success of the Company’s RMx Suite launched in 2017. With its hyper-speed pricing engine designed to leverage the most advanced technology available, Flintfox has quickly become a global leader in the Trade Revenue Management space, earning multiple accolades for Excellence in Innovation and ensuring its customers maintain competitive advantage.
“The adoption of Flintfox as a best of breed software solution is accelerating as global businesses seek better visibility and tools to exert control over trade revenue management and pricing strategies,” said Symon Vegter, Partner at Advent.
“Mike and his team have built an impressive business and an innovative portfolio of products that empower global customers to manage, track, and reconcile trade promotion and rebate expenditure, and execute multi-channel pricing strategies.”
Brad Lynch, Partner at Advent added “We are pleased to be partnering with Flintfox and its experienced senior leadership to support customer growth against a large global opportunity, and also continued product innovation. Flintfox has built an emerging global footprint to date. We see scope to support the team in accelerating international expansion in the large and rapidly expanding TRM market.”
Flintfox provides best of breed Trade Revenue Management (TRM) solutions for resolving revenue challenges across the supply chain. They have over 30 years of expertise delivering TRM solutions to over 125,000 users across 25 countries within the manufacturing, wholesale distribution and retail industries. Their TRM software, for both buy and sell-side operations, integrates with any ERP and enables accurate, real time calculations for complex revenue activities including price management, promotions pricing, rebate management, claims and deductions. As a Microsoft Gold Partner, Inner Circle Member and one of only 10 software developers managed globally, Flintfox also provides consulting and implementation services for Microsoft Dynamics applications. Flintfox operates across North America, South America, Europe and Asia Pacific, with headquarters located in New Zealand. www.flintfox.com
About Advent Partners
Advent Partners is one of Australia’s most experienced private investment firms. Since its founding over 35 years ago, Advent has invested in over 90 businesses. Adopting a team-driven, partnership approach, Advent brings more than just capital to the table. It provides founders with real world experience to build market-leading businesses. https://www.advent.com.au/
- : Chris Spence
- : Chief Marketing Officer
- : email@example.com
- : 6421899595
- : https://www.flintfox.com/
- https://www.linkedin.com/company/flintfox?trk=public-post_share-update_actor-text | https://twitter.com/FlintfoxIntl | https://www.facebook.com/flintfoxintl/
Five V purchases Totara ownership interest, setting the stage for Totara’s expansion into global HR technology market
For Immediate Release
Wellington, New Zealand, June 16, 2020 – Totara today announced that its owners have entered into a purchase agreement with Sydney private equity firm Five V Capital, under which Five V will acquire a majority ownership interest in Totara. The operations and management of Totara will remain unchanged with Richard Wyles continuing as Chief Executive Officer.
Since 2011, Totara has remained focused on helping organizations experience the freedom to innovate and adapt to changing circumstances through its open and flexible HR and Learning & Development software.
Today’s rapidly evolving workplace and the strategic imperative of having engaged and well-trained employees, further accelerated by COVID-19, has prompted corporations and organizations to adapt new working practices. Totara’s products – used by over 1,800 organizations like USDA, Indeed, Pepsi, Red Hat, JetBlue, Yamaha, and more – is well-positioned to meet this growing market.
“I am excited to welcome Five V Capital in Totara’s mission to drive a new era of innovation, workplace performance and productivity,” said Wyles. “Five V’s collaborative and growth-oriented approach will accelerate our efforts to build Totara’s presence in new and existing markets – at a time when the demand for remote workforce technologies is growing exponentially.”
Wyles said: “Totara’s enterprise-ready learning management system (LMS), user-centric learning experience platform (LXP), and comprehensive performance management system – which will be released in October 2020 as the Totara Talent Experience Platform – is a formidable challenger and strategic alternative to often over-priced and inflexible HCM systems. We’re here to shake things up for the better and it’s great to have experienced and aligned partners in Five V.”
“We are excited to be part of Totara’s future and to be partnering with Richard and his team,” said Srdjan Dangubic, Partner at Five V Capital. “Totara is a globally ambitious business with enormous potential. We look forward to supporting Totara’s international expansion plans to disrupt the global HR and talent experience markets,” Wyles said.
Vista Point Advisors, a San Francisco-based boutique investment bank, acted as the exclusive financial advisor to Totara.
Totara builds employee engagement, learning, and performance management technologies that enable large multinational corporations, government entities, and mid-market companies to deliver enterprise-level talent and workforce experiences. Totara’s Talent Experience Platform (TXP) unifies an industry-leading learning management system (LMS), a user-centric learning experience platform (LXP), and a comprehensive performance management system under a single and highly adaptable architecture. Totara’s TXP and flexible architecture gives organizations the freedom to innovate, the freedom to choose, and unlocks critical resources for reinvestment into where it really counts. https://www.totaralearning.com/
About Five V
Five V Capital is a growth-focused private equity fund based in Sydney, Australia. Five V has in excess of A$450 million of capital available to partner with leading founders and businesses in Australia and New Zealand. With a focus on B2B and technology-enabled services, Five V’s current portfolio includes Education Perfect, Probe Group, Universal Store, Zenith Investment Partners, RateSetter Australia, Canva and SiteMinder. More information is available at www.fivevcapital.com/