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INX Software Welcomes Accel-KKR as Majority Shareholder to Pursue Global Growth

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PERTH, Australia and MENLO PARK, Calif., July 24, 2024 /PRNewswire/ — INX Software, an Australian leader in compliance, workforce management, training and reporting software for complex and high-risk industries, has announced the successful closing of a significant equity investment from Accel-KKR, a technology-focused private equity firm.

The investment, which gives Accel-KKR majority ownership in INX alongside management, will spur global expansion of the risk, compliance, logistics, training and reporting technology business.

Perth-based INX Software supplies world-class solutions to some of Australia’s biggest companies, especially those with complex, fast-paced and remote operations. INX has a suite of software solutions used in mining, manufacturing, health, government and other large organisations.

Chief Executive Officer Marcus Ashby welcomed the investment and said that while INX would remain based in WA, it now had a partner that could accelerate access to global markets.

“INX Software will remain a home-grown, Western Australian technology company, but will now have access to the additional resources that Accel-KKR can deliver,” Mr. Ashby said.

“Our customers work in fast-paced, high-risk environments and they trust us to understand their challenges, deliver effective solutions, and be responsive to their changing needs.

“At the same time, our customers are also growing, and they need solutions that can scale with them, including work across borders and in multiple jurisdictions.

“It’s why we’re excited to announce this investment, which will unlock new opportunities to further develop our software solutions and meet customer needs today and tomorrow. Accel-KKR is known for their expertise for supporting software companies on their quest for global growth, so INX is well positioned to grow and scale with our new partner. I thank our previous backers, Tanarra Capital, for their support to date.”

The investment in INX comes after nearly two dozen investments for Accel-KKR in Australia in recent years, including partnerships with Humanforce, Uptick and Reapit ANZ. Accel-KKR’s investment with Seequent, a New Zealand-based geological modelling software company, was named Buyouts’ 2021 International Deal of the Year.

“INX provides mission-critical solutions that allow customers to run vital day-to-day operations, keep up with ever-evolving regulatory requirements and grow across multiple jurisdictions without missing a beat,” said Dean Jacobson, Managing Director at Accel-KKR.

“Given our experience in vertical software, helping companies expand their markets and deliver innovative products, we look forward to helping INX on the next phase of growth.”

This deal comes at a time of sustained growth for INX, where it has doubled its annual recurring revenue (ARR) in four years to FY2025 and today serves more than one million users across the globe.

Under the terms of the sale, the price has not been disclosed.

About INX Software
INX Software enables businesses in fast-paced and complex industries to mobilise their workforce and navigate health, safety and environmental challenges to better protect people and the planet.

Based in Perth, Western Australia, we are globally trusted leaders in the delivery of workforce management, environment, health and safety software solutions, supporting our clients in the operation of safer, smarter and sustainable workplaces. We provide solutions across industries, including resources, oil & gas, transport, energy & utilities, engineering, manufacturing and government sectors.

About AKKR
Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

Contact
For Accel-KKR
Todd Fogarty
Kekst CNC
P: 1 917 992 1170
todd.fogarty@kekstcnc.com 

View original content:https://www.prnewswire.com/news-releases/inx-software-welcomes-accel-kkr-as-majority-shareholder-to-pursue-global-growth-302205768.html

SOURCE Accel-KKR

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TetraMem Inc and SK hynix Announce Research Partnership

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November 16, 2024

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FREMONT, Calif., Nov. 16, 2024 /CNW/ — Today, TetraMem Inc (www.tetramem.com) & SK hynix Inc (www.skhynix.com) announced that they have signed an SOW outlining their partnership on a joint research project to advance the promise of in-memory computing (IMC) for AI applications.

With the rapid growth of AI, we are transitioning from a compute-centric to a memory-centric paradigm, making the development of emerging memory technologies and IMC increasingly crucial for advancing AI performance and efficiency. The combination of complementary technologies from TetraMem, the world leading analog IMC startup with a fundamentally hardware and software platform; and SK hynix, the global leader in memory and AI memory technologies, will enable breakthroughs in the scalability and market accessibility of new memory computing architectures.

“We are thrilled to be working with SK hynix. This partnership not only strength our investment relationship, but also represents a major step forward in advancing and proliferating analog memory-based computing research, now coming to the forefront of the AI/ML conversation,” Glenn GE, TetraMem’s CEO and CO-founder.

Per Soogil Kim, Vice President of SK hynix: “This exciting collaboration foreshadows considerable improvements in the speed, capability, and power efficiency of AI compute. We look forward to working with the TetraMem team on this project.”

Media Contact:
John DaCosta
john.dacosta@tetramem.com

View original content:https://www.prnewswire.com/news-releases/tetramem-inc-and-sk-hynix-announce-research-partnership-302307644.html

SOURCE TetraMem Inc

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Life After Hate Launches HateEraser–A Revolutionary Spray Paint Remover to Eliminate Hate-Based Graffiti

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3 hours ago

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November 16, 2024

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HateEraser removes hate-based graffiti in communities and gives first-time offenders a second chance through judge-mandated service

NEW YORK, Nov. 16, 2024 /PRNewswire/ — Today, on the International Day for Tolerance and in response to the alarming 600% rise in hate-based graffiti, the Chicago-based nonprofit Life After Hate has launched HateEraser—the first aerosol-gel based formula designed to quickly eradicate hate speech from most surfaces.

Life After Hate is partnering with police stations across the country to distribute HateEraser as part of a new program in which first-time offenders are required to use it during court-mandated community service. This initiative is based on the belief that educating offenders on the damage their actions cause can help prevent them from continuing a life of hate.

“We know that hate-based speech and hate-based graffiti are the first steps to hate-based violence,” remarked Life After Hate Director Pat Riccards. “HateEraser works to change the futures of people motivated by hate and extremist ideologies through education, community service, and helping people alter their path away from a life of continued radical hate.”

The HateEraser formula contains acetone, xylene, and multiple varieties of alcohol and hydrocarbons. “This unique combination of active ingredients,” according to Savannah Technical College Chemistry Professor Ujjvala Bagal, “removes hateful markings as quickly as they were made.”

Street artists do not want to be associated with hate-based graffiti. That’s why they joined in on the HateEraser effort. The cans were designed by street artists from across the country to help inspire change in their communities, with every design telling a different story of acceptance, anti-hate, and empathy. “The hope is that through the HateEraser program, education, action, and strengthening hate crime laws, we can help foster a safe and more accepting community,” said Dina Peck, Chief Creative Officer of The Purpose Group.

“Hate has no place in our art,” Jax, one of the artists on the project, said. “And I’m proud to be a part of something that makes real change in my community.”

Today’s news is the latest glimpse into how Life After Hate has been embracing several innovative solutions for helping individuals disengage from hateful violence and make our communities safer. Last May, the organization unveiled Daily Former Discord, a multi-level public engagement tool. It’s designed to help those currently engaged in violent extremism, those looking to exit such hate groups, and those who have successfully left lives of hate behind reengage in society. 

Learn more at https://hateeraser.org/ 

ABOUT LIFE AFTER HATE

Life After Hate is a leader in the violence intervention community. They are the first nonprofit in the United States dedicated to helping individuals disengage from violent far-right hate groups and hateful online spaces. Since its founding in 2011, Life After Hate has expanded its services to include family members of individuals who are involved with the violent far right or are disengaging.

 ABOUT THE PURPOSE GROUP

The Purpose Group believes all great brands are built on purpose. The Purpose Group is composed of Patients & Purpose and Science & Purpose and is an expanding group of agencies that are part of Omnicom Health Group (OHG)–a global collective of communications companies with more than 5,000 dedicated healthcare communications specialists. OHG provides marketing services to the health and life-science industries.

View original content to download multimedia:https://www.prnewswire.com/news-releases/life-after-hate-launches-hateerasera-revolutionary-spray-paint-remover-to-eliminate-hate-based-graffiti-302306362.html

SOURCE Life After Hate

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WIN SOURCE Showcased Supply Chain Management Solutions at Electronica 2024, Driving Innovation and Collaboration in the Industry

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3 hours ago

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November 16, 2024

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MUNICH, Nov. 16, 2024 /PRNewswire/ — WIN SOURCE recently showcased its comprehensive supply chain management solutions at Electronica 2024 (Booth B4-121). Key solutions presented included global sourcing, obsolete management, cost control, and excess inventory management, providing valuable insights to industry professionals.

During the trade show, WIN SOURCE’s WinLink Solution Hub and WinConnect API Solution drew significant attention, enabling customers to streamline BOM management and achieve seamless system integration. At the same time, the company showcased its excess inventory management solutions and anti-counterfeit technologies, demonstrating its commitment to reducing supply chain waste, optimizing inventory utilization, and ensuring product quality. These innovative solutions received high praise from customers and partners, further reinforcing WIN SOURCE’s leadership in supply chain management.

In addition, WIN SOURCE engaged in in-depth discussions with numerous customers, gathering valuable market feedback and exploring future collaboration opportunities. Customers expressed strong appreciation for WIN SOURCE’s support in optimizing supply chain efficiency and strengthening operational resilience, laying a solid foundation for the company’s future business expansion.

“WIN SOURCE has always been dedicated to supporting our customers navigate the evolving market demands through innovative supply chain management services,” said Ethan Tsai, CEO of WIN SOURCE. “We look forward to collaborating with more industry partners to drive supply chain optimization and promote sustainability.”

At this premier global event for the electronics industry, WIN SOURCE showcased its innovative solutions in global supply chain management while gaining valuable insights into market needs and industry trends. WIN SOURCE remains committed to advancing industry standards, optimizing supply chain efficiency, and collaborating with global partners to address future challenges.

About WIN SOURCE

WIN SOURCE specializes in providing comprehensive electronic components and supply chain management services to its customers. The product range includes an extensive variety of electronic components, including integrated circuits (ICs), CPUs, memory modules, and other semiconductor devices, among others. With an extensive global supply chain network, WIN SOURCE collaborates with over 3,000 suppliers, ensuring procurement security through rigorous quality management and a 3-year warranty. Additionally, WIN SOURCE offers fast logistics services with 24-hour shipping to ensure timely delivery. For more information, please visit the WIN SOURCE official website and follow us on Facebook, Twitter, and LinkedIn.

Reprinted from WIN SOURCE ELECTRONIC-NEWS

© 2024 Win Source Electronics. All rights reserved. This content is protected by copyright and may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Win Source Electronics.

Media Contact
E-mail: service@win-source.net
Address: 23046 Avenida de la Carlota, Laguna Hills, CA 92653, United States
Website: win-source.net
win-source.group

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SOURCE WIN SOURCE

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