Quartex Company Profile

Background

Overview

Quartex, formerly known as INX K2fly, is an Australian-based software company specializing in workforce management and environmental, health, and safety (EHS) solutions. The company offers comprehensive software solutions designed to manage and protect the workforce, assets, and operations of large enterprises, particularly in asset-intensive industries. Quartex's mission is to provide indispensable software that enables organizations to operate safely and efficiently, thereby protecting their license to operate. Their vision is to become the global leader in delivering critical software solutions for high-risk, asset-intensive industries.

Industry Significance

Quartex holds a significant position in the software industry, particularly within the sectors of workforce management and EHS solutions. By offering specialized software tailored to the unique needs of asset-intensive industries, Quartex addresses critical operational challenges, thereby enhancing safety, compliance, and operational efficiency. The company's solutions are integral to organizations that require robust systems to manage complex operations and mitigate risks associated with their workforce and assets.

Key Strategic Focus

Core Objectives

Quartex aims to deliver indispensable software solutions that enable organizations to manage their workforce safely, protect assets, and reduce operational risks. The company focuses on expanding its global presence and becoming the preferred choice for energy and resources majors worldwide.

Areas of Specialization

Quartex specializes in the following areas:

• Workforce Management: Providing software solutions that facilitate efficient scheduling, accommodation, and overall management of the workforce.

• Environmental, Health, and Safety (EHS): Offering tools to ensure compliance with safety regulations and to protect both personnel and assets from harm.

• Governance, Risk, and Compliance (GRC): Delivering software that assists organizations in managing risks and ensuring compliance with relevant regulations.

• Public Disclosure and Reporting: Providing solutions for transparent reporting and disclosure practices.

Key Technologies Utilized

Quartex employs advanced technologies to deliver its solutions, including:

• Cloud Computing: Utilizing cloud platforms to offer scalable and accessible software solutions.

• Artificial Intelligence (AI): Incorporating AI to enhance software capabilities, improve decision-making processes, and automate workflows.

• Data Analytics: Leveraging data analytics to provide actionable insights and support data-driven decision-making.

Primary Markets Targeted

Quartex primarily targets large enterprises in asset-intensive industries, including:

• Energy: Companies involved in the production and distribution of energy resources.

• Mining: Organizations engaged in the extraction of minerals and other geological materials.

• Resources: Businesses operating in sectors such as agriculture, forestry, and fishing.

• Construction: Companies involved in building infrastructure and other large-scale projects.

Financials and Funding

Funding History

In July 2024, Quartex welcomed Accel-KKR as a majority shareholder, securing significant investment to support its global growth initiatives.

Total Funds Raised

The exact total funds raised by Quartex are not publicly disclosed.

Notable Investors

• Accel-KKR: A leading private equity firm specializing in software investments, which became the majority shareholder in Quartex in 2024.

Utilization of Capital

The capital raised is intended to:

• Support Global Expansion: Enhance Quartex's presence in international markets.

• Drive Product Innovation: Invest in the development of new features and capabilities for their software solutions.

• Facilitate Strategic Acquisitions: Acquire complementary technologies and companies to strengthen their product offerings and market position.

Pipeline Development

Key Pipeline Candidates

Quartex is actively developing and enhancing its software solutions in the following areas:

• Workforce Management: Improving scheduling, accommodation, and overall workforce management capabilities.

• EHS Solutions: Enhancing tools for safety compliance and risk management.

• GRC Software: Developing solutions to assist organizations in managing governance, risk, and compliance requirements.

• Public Disclosure and Reporting Tools: Creating software to facilitate transparent reporting and disclosure practices.

Stages of Development

The company is in the process of:

• Product Enhancement: Refining existing software solutions to meet evolving market needs.

• New Product Development: Creating new software offerings to address emerging challenges in workforce management and EHS.

Target Conditions

The software solutions are designed to address:

• Operational Efficiency: Streamlining processes to improve productivity.

• Safety Compliance: Ensuring adherence to safety regulations and standards.

• Risk Mitigation: Identifying and managing potential risks to operations.

Anticipated Milestones

Quartex aims to achieve the following milestones:

• Product Launches: Introduce new software solutions to the market.

• Market Expansion: Increase presence in international markets.

• Strategic Partnerships: Form alliances to enhance product offerings and market reach.

Technological Platform and Innovation

Proprietary Technologies

Quartex has developed proprietary software solutions tailored to the needs of asset-intensive industries, focusing on:

• Workforce Management: Tools for efficient scheduling and accommodation.

• EHS Compliance: Software to ensure safety and regulatory adherence.

• GRC Management: Solutions for governance, risk, and compliance.

• Reporting Tools: Platforms for transparent public disclosure and reporting.

Significant Scientific Methods

Quartex employs advanced methodologies, including:

• Data Analytics: Analyzing operational data to provide actionable insights.

• Artificial Intelligence: Incorporating AI to enhance decision-making and automate workflows.

AI-Driven Capabilities

The company integrates AI to:

• Predictive Analytics: Forecast potential risks and operational challenges.

• Process Automation: Streamline workflows to improve efficiency.

• Decision Support: Provide data-driven recommendations for management.

Leadership Team

Executive Profiles

• Craig Charlton: Chief Executive Officer (CEO) since 2024. Previously held senior management roles at Epicor and served as an advisor to Accel-KKR. Focuses on driving global expansion and product innovation.

• Dean Jacobson: Board Member representing Accel-KKR.

• Scotty Lu: Board Member representing Accel-KKR.

• James Norwood: Board Member representing Accel-KKR.

• Andy Rich: Board Member representing Accel-KKR.

• Brooks Robinson: Board Member representing Accel-KKR.

Competitor Profile

Market Insights and Dynamics

The market for workforce management and EHS software is experiencing growth due to increasing regulatory requirements and the need for operational efficiency in asset-intensive industries. Companies are seeking integrated solutions to manage complex operations and mitigate risks.

Competitor Analysis

Key competitors in this space include:

• Seequent: Acquired by Bentley Systems in 2021, offering geoscience software solutions.

• Deswik: Acquired by Sandvik in 2022, providing mining software solutions.

• Micromine: Acquired by Weir Group in 2025, specializing in mining software solutions.

Strategic Collaborations and Partnerships

Quartex's partnership with Accel-KKR has provided the company with the resources and expertise to pursue strategic acquisitions and global expansion.

Operational Insights

Quartex differentiates itself through its comprehensive software solutions tailored to the unique needs of asset-intensive industries, its focus on innovation, and its commitment to customer satisfaction.