CA Participant

Assetic Australia Pty Ltd

Market

Technology

State/Territory

VIC

Location

Melbourne

Grant Type

Grant Amount

$645,376

Highlights

Status

Current
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Assetic Australia Pty Ltd
Last Reviewed: 02/04/2013

myHousing - a novel software solution to assist housing agencies with service planning

myHousing is a novel software-based solution that incorporates sophisticated analytical tools to support housing agency facility and resident service planning. It allows agencies to rationalise facility investment decisions based on established investment return ratios to develop housing strategies within a service-oriented planning framework and to meet key Australian and international regulatory standards and guidelines. 

The Commercialisation Australia grant will permit the generation of data from three major trials to demonstrate commercial potential and assist development of a go to market strategy.

The lates news for Assetic Australia

Major Investment in Assetic

In December 2012 Sydney based investment management firm MH Carnegie committed more than $10 million for a 55% stake in Assetic Australia Pty Ltd, to support the international expansion of the business. Assetic will initially target the UK market, then the US.

Melbourne-based Assetic is the leading provider of Strategic Asset Management (SAM) software and consulting services, which has been mandated for adoption by Local government in Australia. Assetic has developed proprietary software to record, track, and predict the future of billions of dollars of infrastructure spending by government, utility and private sector owners. Assetic allows owners to model and predict the impact this decision will have on future replacement costs and declining service levels. It has been packaged for over 70 asset classes including roads, pipes, water and sewer.

In June 2012 Assetic secured a $645,376 grant from Commercialisation Australia to speed up the market entry of its SAM Software (MyHousing) targeting the housing sector (aged care and residential care). This sector is a key strategic industry for Assetic with the exponential growth in aged care and residential service demographics.  The cloud-based platform has been successfully trialled in a number of aged care and residential care facilities throughout Australia.

Anthony Lynch, director of M&A Partners, which advised Assetic’s owners on the equity selldown, told The Australian Newspaper Assetic’s “outstanding growth rates” and “position as the leading supplier of strategic asset management software to local government in Australia were key attractions for investors.”

“The activities our Commercialisation Australia Case Manager Peter Batchelor encouraged us to undertake during the application process in early 2012, including talking to potential funders, has directly led to this investment,” Joel Brakey (co-founder) said.