{{Short description|Digital forensics software}} {{Use dmy dates|date=November 2019}} {{Infobox company | name = Nuix Ltd | logo = Nuix Logo Wikipedia.png | type = Public | traded_as = {{ASX|NXL}} | founder = Tony Castagna<ref>{{cite web |last1=Castanga |first1=Tony |title=Nuix cuts consultancy ties with co-founder |date=28 May 2021 |url=https://www.arnnet.com.au/article/688724/nuix-cuts-consultancy-ties-co-founder/}}</ref> David Sitsky<ref>{{cite web |last1=Sitsky |first1=David |title=David Sitsky - Engineering Founder & Chief Scientist at Nuix |url=https://theorg.com/org/nuix/org-chart/david-sitsky |website=THE ORG |language=en}}</ref> | area_served = 79 countries<ref name="SMH-2020-11-15">{{cite web |title=Macquarie to profit as Nuix set for $1.8 billion IPO |url=https://www.smh.com.au/business/companies/macquarie-to-profit-as-nuix-set-for-1-8-billion-ipo-20201115-p56equ.htm |website=Sydney Morning Herald |date=15 November 2020 |access-date=14 December 2020}}</ref> | key_people = John Ruthven (interim CEO)<ref>https://www.listcorp.com/asx/nxl/nuix-limited/news/interim-ceo-appointment-3265571.html</ref> | industry = Software | genre = | products = | services = | revenue = | operating_income = | net_income = | owner = | num_employees = 420 approximately<ref name="AFR-2020-11-02">{{cite web |title=Nuix insiders to share in $143.1m cash fortune |url=https://www.afr.com/street-talk/nuix-insiders-to-share-in-143-1m-cash-fortune-20201102-p56amj |website=Australian Financial Review |access-date=14 December 2020 | date = 2 November 2020 }}</ref> | num_employees_year = 2020 | parent = | divisions = | subsid = | footnotes = | founded = Sydney, Australia (Incorporated 2005) | location_city = Sydney | location_country = Australia | location = <!-- this parameter modifies "Headquarters" --> | origins = | slogan = | homepage = [http://www.nuix.com/ nuix.com] | dissolved = }}
'''Nuix Ltd''' is an Australian technology company that produces investigative analytics and intelligence software for extracting knowledge from unstructured data. The applications of the company's technology reportedly include digital forensics, financial crime, insider investigations, data privacy, data governance, eDiscovery and regulatory compliance.<ref name="Fool-2020-12-08">{{cite web |title=Red hot ASX IPOs that you might have missed from last week |url=https://www.fool.com.au/2020/12/08/red-hot-asx-ipos-that-you-might-have-missed-from-last-week/ |website=The Motley Fool |date=7 December 2020 |access-date=14 December 2020}}</ref> As of December 2020, the company's software was reportedly used by 1000 customers in 79 countries.<ref name="SMH-2020-11-15" /> The company has its headquarters in Sydney, Australia, with offices in Asia, Europe, the Middle East and North America.
==History== Nuix was incorporated in 2005 with the goal to make vast quantities of unstructured data easily searchable.<ref name="AFR-2020-08-04">{{cite web |title=Nuix mandates a second bank for $1.5b float |url=https://www.afr.com/street-talk/nuix-mandates-a-second-bank-for-1b-plus-float-20200804-p55idw |website=Australian Financial Review |date=4 August 2020 |access-date=14 December 2020}}</ref> From 2006 to 2016, the company grew from just two developers to more than 400 employees.<ref name="afr-2016-05-06">{{Cite news|url=http://www.afr.com/leadership/entrepreneur/profiles/nuix-chief-eddie-sheehy-dropped-out-of-accountancy-it-was-the-best-thing-he-ever-did-20160502-gokhm5|title=Nuix chief Eddie Sheehy dropped out of accountancy. It was the best thing he ever did.|date=2016-05-06|work=Financial Review|access-date=2017-06-09|language=en-US}}</ref><ref name="IDG-2016-03-28">{{Cite web|url=https://www.idgconnect.com/article/3583193/nuix-seeks-out-digital-needles-from-haystacks.html|title=IDG Connect – Nuix seeks out digital needles from haystacks|website=www.idgconnect.com|date=28 March 2016 |language=en-GB|access-date=2020-12-14}}</ref>
In 2010 Nuix was awarded a five-year contract by the Securities and Exchange Commission.<ref name="zdnet-2010-03">{{Cite web|url=https://www.zdnet.com/article/nuix-on-hitting-the-export-jackpot/|title=Nuix on hitting the export jackpot|date=2010-03-05|work=ZDNet|access-date=2010-09-08}}</ref> In 2014 the company was appointed an Industry Partner of the International Multilateral Partnership Against Cyber Threats.<ref>{{Cite web|url=http://www.nuix.com/media-release-ITU-IMPACT-partnership|title=Nuix and ITU-IMPACT Partner in Building Capacity to Address Global Cyber Threats|date=2014-03-19|accessdate=2014-04-07|archive-url=https://web.archive.org/web/20140519104319/http://www.nuix.com/media-release-ITU-IMPACT-partnership|archive-date=19 May 2014|url-status=dead}}</ref> In 2017, the Nuix Board of Directors appointed Rod Vawdrey to the position of Chief Executive Officer.<ref>{{Cite news|url=http://www.theaustralian.com.au/business/technology/nuix-appoints-new-ceo/news-story/867380330cb8dd876856bca049679c90|title=Nuix appoints new CEO|date=2017-05-08|access-date=2017-06-09}}</ref> In November 2020, the company appointed American lawyer and diplomat Jeffrey Bleich as its chairman.<ref name="Australian-2020-11-14">{{cite web |title=Nuix's noble role: making sense in a time of confusion |url=https://www.theaustralian.com.au/business/technology/nuixs-noble-role-making-sense-in-a-time-of-confusion/news-story/da5e3cf1ef1f25a1b504bd89b5940461 |website=The Australian |access-date=14 December 2020}}</ref> In December 2020, Nuix listed on the Australian Securities Exchange with an initial public offering that valued the company at A$1.8 billion.<ref name="SMH-2020-12-04">{{cite web |title='Take the champagne and celebrate': Soaring Nuix caps off post-pandemic IPO frenzy |url=https://www.smh.com.au/business/markets/take-the-champagne-and-celebrate-soaring-nuix-caps-off-post-pandemic-ipo-frenzy-20201204-p56kpn.html |website=Sydney Morning Herald |date=4 December 2020 |access-date=14 December 2020}}</ref><ref name="Australian-2020-12-04">{{cite web |title=ASX holds gains for fourth day of rises, massive stag profit for Nuix |url=https://www.theaustralian.com.au/business/trading-day/trading-day-asx-set-for-more-gains-as-wall-st-edges-higher/news-story/77afcb9f0c2208ef2024064ddd554a0d |website=The Australian |date=4 December 2020 |access-date=14 December 2020}}</ref> In October 2021, the Nuix Board appointed Jonathan Rubinsztein to the position of Group Chief Executive Officer.<ref name="ARN-2021-10-22">{{Cite web|url=https://www.arnnet.com.au/article/692420/beleaguered-nuix-names-new-ceo-following-june-departures/|title=Beleaguered Nuix names new CEO following June departures|website=ARN|date=2021-10-22|accessdate=2021-11-30}}</ref>
== Ownership == Nuix is a public company listed on the Australian Securities Exchange ({{ASX|NXL}}). As of 2020, the largest shareholder was Macquarie Group with a shareholding of approximately 30%.<ref name="SMH-2020-11-15" />
==Regulatory investigations== Following the initial public offering, the Australian Securities and Investments Commission (ASIC) investigated "suspicious revenue forecasts" published in Nuix's prospectus.<ref name="afr2021">{{cite web|url = https://www.afr.com/companies/financial-services/the-numbers-that-spelled-trouble-for-nuix-ipo-20210702-p5867n | publisher = Australian Financial Review | website = afr.com | title = The numbers that spelt trouble for Nuix IPO | date = 2 July 2021 | accessdate = 2 July 2021 }}</ref> ASIC concluded its investigation into the forecasts in February 2022 and said it would take no further action.<ref name="reuters2022">{{cite web|url = https://www.reuters.com/markets/asia/australia-regulator-completes-part-probe-into-nuix-ipo-company-2022-02-09/ | publisher = Reuters | title = Nuix says Australia regulator completes pre-IPO investigation | date = 10 February 2022 | accessdate = 21 February 2022 }}</ref> In May 2021, the company reportedly cut ties with former chairman Tony Castagna after it was revealed the Australian Federal Police were investigating alleged breaches of the Corporations Act.<ref>{{cite web|url = https://www.afr.com/companies/financial-services/nuix-cuts-ties-with-former-chairman-castagna-20210528-p57w30 | publisher = Australian Financial Review | website = afr.com | title = Nuix cuts ties with former chairman Castagna | date = 28 May 2021 }}</ref>
In June 2021, the Australian Federal Police raided the company's office as part of an investigation "into certain individuals" for alleged insider trading.<ref name="smh2021">{{cite web|url = https://www.smh.com.au/business/companies/watchdog-seeks-emergency-travel-ban-on-relative-of-terminated-nuix-cfo-20210629-p5857f.html | publisher = Sydney Morning Herald | website = smh.com.au | title = Watchdog seeks emergency travel ban on relative of terminated Nuix CFO | date = 29 June 2021 }}</ref> The company later announced it had terminated Stephen Doyle as CFO "by mutual agreement" and CEO Rod Vawdrey had resigned.<ref name="smh2021" />
== Technology and uses == 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.<ref>{{Cite web|url=http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=8359365.PN.&OS=PN/8359365&RS=PN/8359365|title=United States Patent 8,359,365|last=|first=|date=2009-08-20|website=|access-date=2017-06-09}}</ref>
In 2013, Nuix provided a limited number of free software licences to the International Consortium of Investigative Journalists (ICIJ), who used Nuix to investigate the Offshore Leaks data.<ref name=icij-analysis>{{cite news|title=How ICIJ's Project Team Analyzed the Offshore Files|url=http://www.icij.org/offshore/how-icijs-project-team-analyzed-offshore-files|accessdate=4 May 2013 | quote = NUIX of Sydney, Australia, and dtSearch of Bethesda, Md. NUIX Pty Ltd provided ICIJ with a limited number of licenses [..] free of charge }}</ref> In 2016, ''Süddeutsche Zeitung'' and the ICIJ also used Nuix's software to analyze the "Panama Papers".<ref name=panama-papers>{{cite news|title=The Panama Papers: Exposing the Rogue Offshore Finance Industry|url=https://panamapapers.icij.org/|accessdate=4 April 2016}}</ref> Using the 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.<ref>{{Cite news|url=http://www.smh.com.au/technology/technology-news/panama-papers-australian-software-firm-helps-join-dots-20160406-gnzf8b.html|title=Panama Papers: Australian software firm helps join dots|last=Kaye|first=Byron|date=2016-04-06|work=The Sydney Morning Herald|access-date=2017-06-09|language=en-US}}</ref>
== Awards and recognition == * In 2009, Nuix won a NSW Australian Technology Showcase (ATS) export award,<ref>{{Cite web|url=http://www.business.nsw.gov.au/newsroom/archive/2009/news_macdonald_technology_export_award_20091022.htm|title=Investigation software company wins NSW technology export award|date=2009-10-22|work=business.nsw.gov.au|accessdate=2010-09-08}}{{Dead link|date=November 2019}}</ref> and NSW Emerging Exporter Award.<ref>{{Cite web|url=http://www.exportawards.gov.au/Apply/NSW/Winners/Winners/default.aspx|title=NSW Export Awards Winners|work=exportawards.gov.au|accessdate=2010-09-08|archive-url=https://web.archive.org/web/20110218104545/http://www.exportawards.gov.au/Apply/NSW/Winners/Winners/default.aspx|archive-date=18 February 2011|url-status=dead}}</ref> * In 2012, it won the Information and Communication Technology category of the Australian Export Awards.<ref name="2012 Australian Export Award Winners">{{Cite web|url=http://www.exportawards.gov.au/50th-Australian-Export-Award-Winners|title=2012 Australian Export Award Winners|date=2012-11-27|accessdate=2012-12-14}}</ref> * In 2015, it won the Premier's NSW Exporter of the Year Award.<ref name="nuix.com" /> * In October 2015, the company reported that it had raised more than $250,000 for Room to Read from its philanthropic product Proof Finder.<ref name="nuix.com">{{Cite web|url=http://www.nuix.com/media-releases/proof-finder-reaches-250000-milestone-expands-functionality/|title=Proof Finder Reaches $250,000 Milestone, Expands Functionality, Adds Mac OS and Linux Versions|date=2016-04-04|accessdate=2016-04-04|archive-url=https://web.archive.org/web/20160323055119/http://www.nuix.com/media-releases/proof-finder-reaches-250000-milestone-expands-functionality|archive-date=23 March 2016|url-status=dead}}</ref> * In 2016, Nuix products won Forensic Product of the Year at the Cyber Security Awards,<ref>{{Cite news|url=https://cybersecurityawards.com/2016-winners|title=2016 winners – Cyber Security Awards|work=Cyber Security Awards|access-date=2017-06-09|language=en-US}}</ref> and innovation awards at the Australian Business Awards<ref>{{Cite web|url=https://www.australianbusinessawards.com.au/category/2016-winners/australian-business-award-for-software-innovation/|title=ABA100 Australian Business Awards® - 2016 ABA100 Winners for Software Innovation|website=www.australianbusinessawards.com.au|language=en-US|access-date=2017-06-09}}</ref><ref>{{Cite web|url=https://www.australianbusinessawards.com.au/category/2016-winners/australian-business-award-for-technology-innovation/|title=ABA100 Australian Business Awards® - 2016 ABA100 Winners for Technology Innovation|website=www.australianbusinessawards.com.au|language=en-US|access-date=2017-06-09|archive-url=https://web.archive.org/web/20170309065611/https://www.australianbusinessawards.com.au/category/2016-winners/australian-business-award-for-technology-innovation/|archive-date=9 March 2017|url-status=dead}}</ref> * In October 2016, Nuix won the Macquarie Capital Technology Growth Company of the Year at the Australian Growth Company Awards<ref>{{Cite web|url=https://www2.deloitte.com/au/en/pages/finance/articles/australian-growth-company-awards.html|title=Australian Growth Company Awards {{!}} Deloitte Australia {{!}} Corporate Finance, Finance awards|website=Deloitte Australia|language=en|access-date=2017-06-09|archive-url=https://web.archive.org/web/20170113135106/https://www2.deloitte.com/au/en/pages/finance/articles/australian-growth-company-awards.html|archive-date=13 January 2017|url-status=dead}}</ref>
== References == {{reflist}}
==External links== *[https://www.bloomberg.com/profile/company/1404154D:US Bloomberg]
{{S&P/ASX 200}}
Category:Computer forensics Category:Digital forensics software Category:Companies based in Sydney Category:Software companies of Australia Category:Software companies established in 2000 Category:Australian companies established in 2000 Category:Companies listed on the Australian Securities Exchange Category:2020 initial public offerings