Nuix

Nuix Ltd is an Australian technology company that produces investigative analytics and intelligence software for extracting knowledge from unstructured data. Its applications include digital forensic investigation, financial crime, litigation support, employee and insider investigations, data protection and privacy, data governance, eDiscovery and regulatory compliance.[3] As of December 2020, the company's software was reportedly used by at least 1000 customers in 79 countries.[1] The company has headquarters in Sydney, Australia and offices in Germany, India, Ireland, Japan, the Philippines, Singapore, Spain, the United Arab Emirates, the United Kingdom and the United States.

Nuix Ltd
TypePublic
ASX: NXL
IndustrySoftware
FoundedSydney, Australia (2000 (2000))
Headquarters
Sydney
,
Australia
Area served
1000 customers in 79 countries[1]
Key people
Rod Vawdrey CEO
Number of employees
420 approximately[2]
Websitenuix.com

History

Nuix was founded in 2000 with the goal to make vast quantities of unstructured data easily searchable.[4] From 2006, the company grew from just two developers to more than 400 employees.[5][6]

In 2010 Nuix was awarded a five-year contract by the Securities and Exchange Commission.[7] In 2014 the company was appointed an Industry Partner of the International Multilateral Partnership Against Cyber Threats.[8] In 2017, the Nuix Board of Directors appointed Rod Vawdrey to the position of Chief Executive Officer.[9] In November 2020, the company appointed American lawyer and diplomat Jeffrey Bleich as its chairman.[10]

In December 2020, Nuix listed on the Australian Securities Exchange with an initial public offering that valued the company at A$1.8 billion.[11][12]

Technology and products

Nuix markets software for eDiscovery, digital forensic investigation, security, intelligence, governance, risk and compliance based on the Nuix Engine. The Nuix Engine combines load balancing, fault tolerance and processing technologies to provide insights from large volumes of unstructured, semi-structured and structured data. Several features of the Nuix Engine were granted a patent in 2011.[13]

Uses

Nuix donated software licences and training to the International Consortium of Investigative Journalists (ICIJ), who used Nuix to investigate the Offshore Leaks data.[14] Süddeutsche Zeitung and the ICIJ also used it to analyze the "Panama Papers".[15] Using Nuix's software, the Panama Papers investigation team made 2.6 terabytes of scanned documents text-searchable and extracted metadata that helped journalists cross-reference people, places and business entities across these documents.[16]

Philanthropy

In October 2015, Nuix reported that it had raised more than $250,000 for Room to Read from its philanthropic product Proof Finder.[17]

Ownership

Nuix is a public company listed on the Australian Securities Exchange (ASX: NXL). The largest shareholder is Macquarie Group with a shareholding of approximately 30%.[1]

Awards and recognition
  • In 2009 Nuix won the NSW Australian Technology Showcase (ATS) export award.[18]
  • In 2009 Nuix won the NSW Emerging Exporter Award.[19]
  • In 2012 Nuix won the Information and Communication Technology category of the Australian Export Awards.[20]
  • In October 2015, Nuix won the 2015 Premier's NSW Exporter of the Year Award.[17]
  • In June 2016, Nuix Investigation & Response won Forensic Product of the Year in the 2016 Cyber Security Awards[21]
  • In August 2016, Nuix Web Review & Analytics was named a Technology Innovation Winner[22] and a Software Innovation Winner[23] in the 2016 Australian Business Awards
  • In October 2016, Nuix won the Macquarie Capital Technology Growth Company of the Year at the 2016 Australian Growth Company Awards[24]

References
  1. "Macquarie to profit as Nuix set for $1.8 billion IPO". Sydney Morning Herald. Retrieved 14 December 2020.
  2. "Nuix insiders to share in $143.1m cash fortune". Australian Financial Review. Retrieved 14 December 2020.
  3. "Red hot ASX IPOs that you might have missed from last week". The Motley Fool. Retrieved 14 December 2020.
  4. "Nuix mandates a second bank for $1.5b float". Australian Financial Review. Retrieved 14 December 2020.
  5. "Nuix chief Eddie Sheehy dropped out of accountancy. It was the best thing he ever did". Financial Review. 6 May 2016. Retrieved 9 June 2017.
  6. "IDG Connect – Nuix seeks out digital needles from haystacks". www.idgconnect.com. Retrieved 14 December 2020.
  7. "Nuix on hitting the export jackpot". zdnet.com.au. 5 March 2010. Retrieved 8 September 2010.
  8. "Nuix and ITU-IMPACT Partner in Building Capacity to Address Global Cyber Threats". 19 March 2014. Archived from the original on 19 May 2014. Retrieved 7 April 2014.
  9. "Nuix appoints new CEO". 8 May 2017. Retrieved 9 June 2017.
  10. "Nuix's noble role: making sense in a time of confusion". The Australian. Retrieved 14 December 2020.
  11. "'Take the champagne and celebrate': Soaring Nuix caps off post-pandemic IPO frenzy". Sydney Morning Herald. Retrieved 14 December 2020.
  12. "ASX holds gains for fourth day of rises, massive stag profit for Nuix". The Australian. Retrieved 14 December 2020.
  13. "United States Patent 8,359,365". 20 August 2009. Retrieved 9 June 2017.
  14. "How ICIJ's Project Team Analyzed the Offshore Files". Retrieved 4 May 2013.
  15. "The Panama Papers: Exposing the Rogue Offshore Finance Industry". Retrieved 4 April 2016.
  16. Kaye, Byron (6 April 2016). "Panama Papers: Australian software firm helps join dots". The Sydney Morning Herald. Retrieved 9 June 2017.
  17. "Proof Finder Reaches $250,000 Milestone, Expands Functionality, Adds Mac OS and Linux Versions". 4 April 2016. Archived from the original on 23 March 2016. Retrieved 4 April 2016.
  18. "Investigation software company wins NSW technology export award". business.nsw.gov.au. 22 October 2009. Retrieved 8 September 2010.
  19. "NSW Export Awards Winners". exportawards.gov.au. Archived from the original on 18 February 2011. Retrieved 8 September 2010.
  20. "2012 Australian Export Award Winners". 27 November 2012. Retrieved 14 December 2012.
  21. "2016 winners – Cyber Security Awards". Cyber Security Awards. Retrieved 9 June 2017.
  22. "ABA100 Australian Business Awards® - 2016 ABA100 Winners for Technology Innovation". www.australianbusinessawards.com.au. Archived from the original on 9 March 2017. Retrieved 9 June 2017.
  23. "ABA100 Australian Business Awards® - 2016 ABA100 Winners for Software Innovation". www.australianbusinessawards.com.au. Retrieved 9 June 2017.
  24. "Australian Growth Company Awards | Deloitte Australia | Corporate Finance, Finance awards". Deloitte Australia. Archived from the original on 13 January 2017. Retrieved 9 June 2017.
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