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Pegasus Management

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Workforce competency, compliance, and site access management

Newcastle-Maitland, AustraliaFounded 1987Other B2B Software
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Pegasus Management

In 1987, Pegasus started not as a tech company, but as a labour-hire firm rooted in the demanding mining industry of Australia's Hunter Valley. The company's focus was on providing skilled workers for industrial sites. For years, this formed the core of its business, deeply embedding them in the world of workforce safety and risk management. A pivotal moment came in 2007 when Adam Boyle was appointed CEO with a clear mandate: diversify the business. This directive sparked a transformation from a traditional service provider to a technology-focused enterprise. The company began commercializing its internal software, a tool designed to manage worker competency, training, and site safety. This strategic shift laid the groundwork for what would become a powerful, purely software-based platform for workforce management. The transition gained significant momentum in January 2020, when Pegasus secured a major growth investment from the Silicon Valley tech investment firm Accel-KKR. This funding was earmarked for global expansion and further product development. The true culmination of their journey arrived in 2021 when Pegasus was acquired by the US-based supply chain risk management software provider, Avetta. The acquisition created one of the largest global providers of supply chain risk and worker management solutions, with Boyle continuing to lead the Australian and New Zealand operations.

Source: Dealroom company data

At a glance

Founded
1987
Headquarters
Newcastle-Maitland, Australia
Sector
Other B2B Software

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Innovation Connections

Series B and later1 investor entered at this stage

  • Accel-KKR
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇦🇺 Australia · Newcastle-Maitland HQ
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Market sentiment

Posts on X, past 7 days

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