Scaleup unicorn SafetyCulture has acquired SHEQSY, a local occupational safety startup, for $6 million.
The smartphone-based app is a lone worker safety solution designed for remote situations and provides real-time safety monitoring, including duress situations.
For managers, it provides a visual dashboard of staff locations with activity countdown timers and generates real-time alerts when an employee is overstayed on a job or misses a check-in, in case they get injured and need help.
Its clients include Melbourne Water, Ericsson and Auckland Airport.
SHEQSY was founded in 2017 by CEO Hays Bailey, the former head of sports at gambling company William Hill. He was also a former sales manager at the navigation technology company Navman.
The SHEQSY deal will consolidate SafetyCulture’s position as the industry leader in workplace safety.
The acquisition comes 11 months after US-based venture capital firm Insight Partners led a $95 million investment in SafetyCulture in May 2021, nearly doubling the value of the scale-up to A$2.1 billion.