Novigi expands footprint with acquisition of managed services rival

Novigi expands managed services amid record growth in 2024

Wollongong, Australia, 23 September 2024 – Novigi, a leading specialist in data and technology, is expanding its footprint in managed services with the acquisition of Brisbane-based IT provider, 360 Managed.

360 Managed, known for its expertise in managing organisational information security with robust regulatory requirements, helps boost Novigi’s expanding capabilities in technical managed services, a key line of business amid the increasing regulatory and security demands faced by regulated industry participants.

The acquisition adds momentum to Novigi’s rapid growth trajectory this year.

In February, the company successfully acquired QMV Solutions – which included market-leading data quality software, Investigate DQ – leading to a broadened and complementary range of services poised for scale. More recently, Novigi was appointed by Apex Group Ltd to manage the data and administration technology function for its Australian Superannuation business, Apex Super, further strengthening Novigi’s superannuation administration proposition.  

Novigi’s Chief Executive Officer Ash Priest said that 2024 was proving to be pivotal in the company’s growth journey. “This year, we embarked on a critical next phase of expansion, driven by a sharpened focus on managed services. Our ambitious growth goal to become a $100 million business requires us to build momentum in our distribution model, generate demand in new segments, and strengthen our existing pipeline.

The acquisition of 360 Managed is a key element of this strategy, significantly enhancing our managed services for front office technology in the trustee domain.”

Priest went on to say: “Bringing 360 Managed on board not only uplifts our managed services offerings to better meet the evolving needs and requirements of regulated entities, but also reinforces our position as the leading data and technology partner in Australia’s superannuation and wealth management sectors, ensuring sustained and stable growth.”

Tim Coupland, Director at 360 Managed, also commented: “We are excited to join Novigi, a business closely aligned with our values and proposition. This is a significant milestone for our team, allowing us to enhance our managed service offering at scale, delivering greater value to both our clients and our people.” 

The acquisition sees Novigi welcome several new clients, including Australian Food Super.

Chris Matthews General Manager, Operations at Australian Food Super attested to the value brought by 360 Managed’s capabilities, saying, “In a world where good enough just doesn’t cut it, 360 Managed has assisted in lifting our IT infrastructure and associated governance and reporting. They have enhanced functionality and improved our ability to monitor and report on the security and resilience of our information systems and assets.”

Ash Priest concluded with the remark, “We are excited to integrate the 360 Managed team to our operations and welcome new clients like Australian Food Super, while continuing – and scaling – the high-quality services that benefit our existing clients. We remain committed to driving broader industry innovation while remaining true to our identity as a company and a great place to work.”