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By Paulina Duran
SYDNEY (Reuters) – Australian organization Macquarie will signal its software vendor Nuix an agreement that would cost the vendor about $1. 5 billion of the knowledge analysis program, two sources told Reuters on Friday. existing projects.
Macquarie, which owns about 65% of the corporation that has been used to analyze thousands of documents in high-level investigations such as the Volkswagen emissions scandal and the Panama Papers business, is handling the paperwork alongside Morgan Stanley, resources said.
Individuals, who asked to remain anonymous because they were not legal to talk to the media, said the company would be registered before Christmas, but that plans depended on market situations and had not been finalized, they said.
Media representatives Macquarie and Morgan Stanley refused to comment. Nuix representatives were not available without delay to comment outside business hours.
An organization of fund managers has become aware of the plans, both said and a third source.
If achieved in the target valuation diversity of A$1. 5 billion (A$1. 1 billion) to A$2 billion, the board will be the largest since fintech Tyro Payments challenged the negative market sentiment due last year after six IPO cancellations.
This year, the coronavirus pandemic has frozen primary IPOs in the country, as the end of economic activity has caused a drop in the profits and valuations of Australian companies, affecting confidence and leading many to consolidate their balance sheets with secondary capital increases.
Nuix sells software for cybersecurity, compliance and ‘stumbling case onion’ risks, which is helping businesses, law enforcement and researchers read about virtual knowledge and stumble upon fraud and fraud. Corruption.
Customers come with American Express Co, Barclays Plc, Amazon. com Inc, WPP Plc and Unilever Plc, according to their website.
The company’s profits have grown by more than 15% consistently over the year over the more than two years, to about A$2 million in fiscal 2020, one of the resources said.
(Reporting through Paulina Duran in Sydney; Editing via David Evans)