SYDNEY, AUSTRALIA: Nuix (ASX: NXL), a leading provider of investigative analytics and intelligence software, has announced that it has entered into an agreement to acquire all the shares in Rampiva, a workflow automation and job scheduling software provider.
Rampiva is a long-term Nuix technology partner founded in 2016 to meet greater productivity demands for Nuix customers by automating their data processing tasks. Rampiva is used by customers where the cost, ease and administration of hyper-scale data processing is no longer sustainable manually.
Rampiva’s technology is complementary to the Nuix Engine and the wider software platform, including Nuix Discover, and aligns well with Nuix’s strategic large enterprise market.
The initial cost of the acquisition is approximately US$2 million in cash and US$2 million in Nuix newly issued shares, payable on financial close. Up to a further US$3 million in Nuix shares will be issued if Rampiva achieves ACV growth and cost management milestones in the three years post acquisition.
Financial close is expected in 1QFY24. Closing is subject to the satisfaction of customary closing conditions.
Nuix will embed the Rampiva team and technology into its global business, allowing Rampiva technology capabilities to become available to both existing and new customers. This will create a broad range of cross-sell and growth opportunities across Nuix and Rampiva customers, strengthening Nuix on-premise revenue, accelerating near-term solution campaigns and creating opportunities to better monetise legal technology data flows.
Nuix CEO Rod Vawdrey said: “We are delighted to welcome Rampiva to the Nuix family. This acquisition will enhance our ability to deliver faster, more accurate and more efficient data processing solutions to our customers. Rampiva’s technology will enable us to automate complex workflows and streamline data management across our platform. We look forward to working with the Rampiva team and leveraging their expertise and innovation.”
Rampiva CEO Daniel Boteanu said: “We are excited to join forces with Nuix, a global leader in investigative analytics and intelligence software. We have been working closely with Nuix for several years and we share a common vision of empowering customers to find truth in a digital world. By combining our technologies, we will be able to offer our customers unparalleled speed, scalability and simplicity in data processing. We are proud of what we have achieved so far and we are eager to take our solutions to the next level with Nuix.”
Osmond Resources to acquires Salt Wells Lithium-Borate Project in Nevada