iVolve Pty Ltd
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iVolve Pty Ltd - overview
Established
1995
Location
South Brisbane, QLD, Australia
Primary Industry
Software
About
Based in Queensland, Australia, and founded in 1995, iVolve Pty Ltd engages in the provision and development of process control and fleet management systems (FMS). Some of the firm’s clients are THIESS, Downer, Peabody Energy, etc. In December 2023, the firm was acquired by Komatsu. iVolve, as of December 2023, is led by its founders, Kim Parascos (CEO) and David Eagles (CTO).
The company offers FMS solutions and hardware systems for transforming real-time machine data into insights for the mining sector. iVolve’s flagship product, Mine4D, focuses on enhancing operational efficiency related to production, vehicle maintenance, guidance, and safety for the operations and planning of mine and quarry operators and contractors. This technology empowers clients to boost productivity, reduce costs, and minimize operational risks. The other products offered by the company include Production Management solutions, iVolve Mine4D Production, to reach and exceed production targets through optimizing truck loading and circuit operations, adjusting truck path and timing, improving labor efficiencies, etc.
The other products include Maintenance Management solution, iVolve Mine4D Maintenance™, Mine4D Perform™, Mine4D Tyre™, and Mine4D Road™ to identify vehicle issues, monitor and manage machine abuse, overloading, etc. as well as Safety Management Modules such as Proximiti™, to provide visibility of surroundings to operators, alerts for keep out zones and speed limits, etc. The December 2023 acquisition will support iVolve to globally expand its market presence and further develop its offerings.
Current Investors
Komatsu
Primary Industry
Software
Sub Industries
Hardware, Analytics & Performance Software, Logistics Software
Website
www.ivolve.com
Verticals
Big Data, Cloud Computing
Total Amount Raised
Subscriber access only
iVolve Pty Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | iVolve Pty Ltd | - |
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