Nuix Limited (ASX:NXL)
Nuix Limited (ASX:NXL) creates innovative software that empowers organizations to simply and quickly find the truth from any data in a digital world.
Nuix was first conceptualised in the early 2000s, with the development in Australia of an algorithm to make unstructured data searchable and was first commercialised for a specific use case with an Australian government agency. Since then, Nuix has grown to provide its software to over 1,000 customers across 78 countries.
Nuix software helps customers to process, normalise, index, enrich and analyse data from a multitude of different sources through the Nuix Engine. Nuix technology has been developed in-house over more than 15 years and has assisted customers in solving many complex data challenges including the investigations related to the Panama Papers, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Service Industry in Australia, organised crime rings, corporate scandals and terrorist activities. Nuix’s customer base includes government agencies, regulators, corporations and professional services firms.
Nuix is characterised by a customer-collaborative and innovative culture, through a talented team of employees who are motivated to build software with purpose and assist customers to contribute to a wider public and social good. Nuix generates revenue through a number of different software licensing models, predominantly through the sale of subscription licences.