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New Deal


Announced

Tanarra Capital-backed INX Software to acquire Sitepass from Kineo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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management software

Domestic

Friendly

Software

Majority

workforce solutions

Australia

Acquisition

Pending

Single Bidder

Private

Private Equity

Synopsis

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Tanarra Capital-backed INX Software, a developer of workforce management software, agreed to acquire Sitepass, a developer of workforce management software, from Kineo, a provider of custom e-learning and online learning services. Financial terms were not disclosed. “With the sale of Sitepass to INX Software, we know the business is in good hands ‐ and we wish our colleagues every future success. This sale is part of a clear strategy, enabling Kineo to focus entirely on our award‐winning digital learning solutions, working with outstanding organisations around the world to achieve quantifiably better results for them and their learners," Andy Moss, Kineo Managing Director.

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