July 2026
Largest GovTech Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
TechnologyOne, Objective Corp., Nuix and Acusensus.
 | Technology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer. | $20 | -31% | $7B | $7B | 15.8x | 35.6x | ||
| Objective is a founder-led technology company providing software and services for compliance with government regulations. Objective’s primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs. | $7 | -48% | $680M | $621M | 7.5x | 18.6x | ||
| Nuix Ltd is a software company providing investigative analytics and intelligence software. It develops products like Nuix Discover, Nuix Investigate, and Nuix Workstation for advisory firms, litigation support vendors, corporations, governments, and law enforcement agencies globally. The company mainly earns revenue from software license fees. Its Nuix Neo platform offers AI-powered solutions for data privacy, investigations, and legal eDiscovery through a scalable browser interface. Nuix processes both structured and unstructured data, transforming it into searchable assets to support investigations, compliance, and fraud detection. Customers are located across Asia Pacific, the Americas, Europe, the Middle East, and Africa, with the majority of revenue from the Americas. | $1 | -50% | $283M | $259M | 1.7x | 7.9x | ||
| Acusensus Ltd is involved in developing and commercializing intelligent traffic solutions technology. Its 'Heads-Up' solution has been designed to give authorities a tool to address distraction and other illegal driver behavior, to drive behavioral change on the road network. It also provides Data security solutions. The company's main objective is to Pioneer intelligent solutions to tackle difficult societal challenges, reduce road trauma and save lives. Geographically the company generates the majority of its revenue from Australia. | $1 | +29% | $145M | $121M | 3.0x | 32.8x | ||
| Median | $4 | -39% | $481M | $440M | 5.2x | 25.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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