Novigi Company Profile

Background

Novigi is a consulting engineering and sciences company established in 2016, specializing in providing innovative, model-based solutions and services across various sectors, including chemical and mining industries. The company integrates knowledge and technologies from engineering, chemistry, statistics, and numerical analysis to deliver solutions that drive rapid innovation, enhance process designs, improve existing operations, and facilitate cost-effective R&D and experimental programs. This approach safeguards organizational know-how while managing technology risks and uncertainties.

Key Strategic Focus

Novigi's strategic focus centers on delivering tailored advisory and technical services throughout the entire data and technology lifecycle for Australian financial services organizations. The company emphasizes:

Professional Services: Offering consulting and advisory services to guide organizations through complex challenges.

Platform Support & Operations: Providing managed services to ensure seamless operation of technology platforms.

Data Management Solutions: Implementing strategies to effectively manage and utilize data assets.

Workplace Technology: Enhancing workplace environments through innovative technology solutions.

By focusing on these areas, Novigi aims to strengthen resilience, accelerate transformation, and improve customer outcomes for its clients.

Financials and Funding

As a privately held company, Novigi has not publicly disclosed detailed financial information or funding history. However, the company has demonstrated significant growth and expansion through strategic acquisitions and partnerships:

Acquisition of QMV Solutions: In February 2024, Novigi acquired QMV Solutions, an independent financial services consulting firm based in Melbourne, Australia. This acquisition included market-leading data quality software, Investigate DQ, marking a pivotal next phase of accelerated growth for the business.

Acquisition of 360 Managed: In September 2024, Novigi enhanced its managed services capabilities by acquiring Brisbane-based IT provider 360 Managed. This acquisition aimed to bolster Novigi's position as a leading data and technology partner in Australia's superannuation and wealth management sectors.

Partnership with Apex Group: In July 2024, Novigi was appointed as the superannuation data and technology platform partner by Apex Group Ltd. This partnership involved Novigi taking on the data and administration technology function for Apex Group’s Australian Superannuation business (Apex Super), combining Novigi’s regional superannuation expertise with Apex Group’s global fund administration capabilities.

Pipeline Development

Novigi's strategic acquisitions and partnerships have significantly expanded its service offerings and market reach:

QMV Solutions Acquisition: The integration of QMV Solutions has enhanced Novigi's capabilities in financial services consulting, particularly in data quality management.

360 Managed Acquisition: This acquisition has strengthened Novigi's managed services, enabling the company to better meet the evolving needs of regulated entities in the superannuation and wealth management sectors.

Apex Group Partnership: The partnership with Apex Group has positioned Novigi as a key player in the Australian superannuation market, providing scalable and cost-effective fund administration services.

Technological Platform and Innovation

Novigi leverages a range of proprietary technologies and scientific methodologies to deliver innovative solutions:

Proprietary Technologies: The company utilizes advanced data management and technology platforms to provide tailored solutions for its clients.

Scientific Methods: Novigi employs model-based approaches integrating engineering, chemistry, statistics, and numerical analysis to develop solutions that drive innovation and operational efficiency.

Leadership Team

Novigi's leadership team comprises experienced professionals committed to driving the company's growth and strategic objectives:

Ash Priest: Chief Executive Officer (CEO)

Ash Priest has been instrumental in steering Novigi's growth trajectory, overseeing strategic acquisitions and partnerships that have expanded the company's service offerings and market presence.

Anita Owen: Executive General Manager of Consulting for Professional Services

Anita Owen brings over 18 years of experience in leading transformative initiatives, previously serving as the Director of Transformation Delivery at KPMG.

Charlotte Marra: Principal Consultant

With 19 years of experience across roles in Deloitte Consulting, Google, and IBM, Charlotte Marra specializes in cloud and machine learning technology.

Martin Roberts: Principal Consultant

Martin Roberts has over 20 years of experience in data roles, including serving as the Principal Data Scientist at NEOM and GASTAT.

Competitor Profile

In the competitive landscape, Novigi faces competition from various IT services and consulting firms specializing in the financial services sector. Key competitors include:

Accenture: A global professional services company offering a broad range of services in strategy, consulting, digital, technology, and operations.

Deloitte: A multinational professional services network providing consulting, tax, and advisory services.

PwC: A global network of firms offering assurance, tax, and consulting services.

KPMG: A professional services company providing audit, tax, and advisory services.

IBM: A multinational technology company offering a wide range of technology and consulting services.

Strategic Collaborations and Partnerships

Novigi has established several strategic collaborations and partnerships to enhance its service offerings and market reach:

Apex Group Partnership: Novigi was appointed as the superannuation data and technology platform partner by Apex Group Ltd, combining Novigi’s regional expertise with Apex Group’s global capabilities.

360 Managed Acquisition: The acquisition of 360 Managed has expanded Novigi's managed services capabilities, particularly in cybersecurity, addressing the increasing regulatory and security demands faced by regulated industry participants.

Operational Insights

Novigi's strategic acquisitions and partnerships have significantly enhanced its market position and competitive advantages:

Enhanced Service Offerings: The integration of QMV Solutions and 360 Managed has broadened Novigi's service portfolio, enabling the company to offer comprehensive solutions across the data and technology lifecycle.

Market Expansion: The partnership with Apex Group has facilitated Novigi's entry into the Australian superannuation market, providing access to a broader client base and new business opportunities.

Competitive Differentiation: Novigi's focus on innovation, data management, and technology solutions tailored for the financial services sector differentiates it from competitors, positioning the company as a trusted partner for organizations seeking to modernize their technology ecosystems and enhance operational efficiency.

Strategic Opportunities and Future Directions

Looking ahead, Novigi aims to:

Achieve Sustainable Growth: By leveraging its expanded service offerings and strategic partnerships, Novigi seeks to achieve its ambitious growth targets, including the goal of becoming a $100 million business.

Expand Market Reach: The company plans to further penetrate the Australian superannuation and wealth management sectors, capitalizing on the growing demand for digitized and cost-effective fund administration services.

Drive Innovation: Novigi is committed to continuous innovation, integrating advanced technologies and methodologies to deliver cutting-edge solutions that address the evolving needs of its clients.