Online construction marketplace PlantMiner merges with Felix

Australia’s largest online construction marketplace PlantMiner is merging with Felix Vendor Marketplace.

With $300 million worth of work through the platform, PlantMiner is used by leading contractors and builders, including CPB, Fulton Hogan, BMD and John Holland.

“Integrating our best-in-class enterprise solution with our comprehensive vendor marketplace now provides a compelling enterprise marketplace platform to Felix customers,” said Mike Davis CEO and Co-Founder of Felix.

Davis said they work closely with market-leading clients who have been very vocal in highlighting the value that being able to interoperate with a vendor marketplace from their vendor management platform would solve significant problems for construction and related industries.

“In 2015, leading Tier 1 contractors using PlantMiner highlighted a substantial technology gap in the asset construction and maintenance lifecycle. We quickly saw that once build execution was underway, leading project management platforms such as Aconex were commonplace but there was a real opportunity to be the industry-standard pre-construction platform. Enough big players told us the same thing at the same time and we quickly pivoted to becoming an Enterprise software company and Felix was born,” said Mr. Davis.

Felix has quickly become the technology platform of choice for leading organisations from the construction, utilities, resources, and services industries to manage and source from their high-risk supply chains.

“The name change of PlantMiner is not only symbolic, but it also signifies a significant step towards allowing customers to manage their vendors in a comprehensive enterprise platform, and seamlessly find and engage with new vendors.  Sustainable procurement targets and increasing legislative requirements such as the Modern Slavery Act have only accentuated the need for organisations to have an adequate solution to discover new vendors they can trust,” says Steve O’Keeffe, Felix Chief Technology Officer.

Felix enterprise clients can now engage with our Vendor Marketplace for their sourcing needs, opening up new opportunities for both sides of the market.

“From the early days in 2012 of cold-calling over 20,000 prospects in 3 months to sell the novel idea of PlantMiner, to now landing international clients and vendors for Felix, this is indeed a great moment for a Brisbane-based technology company on the path to going global,” Dan Wilson, Felix Sales Director said.

Felix’s high growth has also earned its recognition over the years, reaping prestigious awards such as Deloitte Australian Technology Fast 50, Deloitte Technology Fast 500 the Asia Pacific, iAwards, BRW Fast Starters, and Westpac Business of Tomorrow.

“Felix Vendor Marketplace will continue PlantMiner’s original mission to connect contractors with vendors. The same team will be supporting the platform, only now with greater synergy from Felix as a whole. The upside for customers from connecting our two brands allows us to take things to the next level,” said Mr. Davis.

Felix has been well supported by leading institutional and technology investors since its inception and raised over $27 million in capital to date. Felix is chaired by Melbourne-based investment banker David Williams.

Felix is a comprehensive solution used by industry-leading asset owners, builders, and managers to seamlessly connect their organisations and supply chains. Felix centralises and streamlines Vendor Management and Source-to-Contract (S2C) processes to significantly increase productivity, manage risk, and reduce spend.

The Felix Vendor Marketplace is a marketplace for people to list, find, and hire equipment and subcontractors around Australia. It also interoperates with other modules of the Felix platform.

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