A New Zealand company working to make workplaces safer with intelligent mobile technology is opening headquarters in Melbourne to accelerate growth across the ANZ region.
ASX-listed Vault Intelligence will spend the next few months setting up shop in Carlton and making key additions to its sales and engineering teams.
Former Xero executive Tim Dowling, who will lead the new operations, says the company will be growing the Australian-based team to about 14 by the end of January next year.
The company, which has a market capitalisation of $10.4 million and is used by more than 600,000 people, digitises operational health and safety processes and compliance management.
“Vault is doing to EHS [Environment Health Safety] compliance what Xero has done to accounting,” Dowling tells StartupSmart.
“We provide an end-to-end health and safety and risk management platform designed for medium to large businesses.”
The company services more than 600 organisations, including Coco Cola, Amatil, Visy and Kraft Foods.
“We see a massive opportunity in Australia and Asia for businesses to systemise their health and safety risk,” Dowling says.
By digitising these systems, Dowling says stakeholders in a business, from executive-level through to frontline staff, can have a clear view of how safe their worksites are and attend to hazards in a more efficient and effective way.
“Even now many companies remain stuck in the dark ages of paper, pen and spreadsheets when it comes to health and safety management,” he says.
With intelligence-driven mobile technology, Dowling says Vault Intelligence enables such businesses to mitigate risks and prevent incidences across multiple sites.
“The motivation for us is giving people the insight into what’s across their business [so] they can prevent incidents rather than being reactive,” he says.
“We put the power in the workers’ hands to be able to report hazards and incidences.”