October 2026
Largest Industrial Software Public Companies in Australia
Benchmark revenue and EBITDA valuation multiples for public comps like
Imdex, Chrysos Corp., Hansen Technologies, Volt Group and Felix.net.
 | Imdex Ltd is a mining technology and earth sciences company that enables customers to safely find, define, and optimise the subsurface with precision, confidence, and at speed. Its product offering includes drilling optimisation products, cloud-connected rock knowledge and geophysical sensors, and data and analytical software. Its products and solutions include Drilling Optimisation, Rock Knowledge, Software, Exploration Solutions, and Production Mining. Its segments are Digital Earth Knowledge and Drill Site Technologies includes three segments involved in the manufacturing and sale/rental of products and services to the mining sector across the following geographical lines: DST Americas, DST Asia Pacific, and DST Europe, Middle East & Africa, with DST Americas generating maximum revenue. | $2 | 0% | $1.2B | $1.3B | 3.7x | 14.4x | ||
| Chrysos Corp Ltd is an Australian-based provider of novel assay services to the international mining industry through its proprietary PhotonAssay technology. The company's flagship product, PhotonAssay, delivers accurate and environmentally friendly analysis of gold, silver, and complementary elements. The Group has three reportable segments, namely, EMEA, APAC, and the Americas, where the majority of revenue is generated from Australia. The Group generates revenue mainly from the deployment of PhotonAssay units with its customers. | $5 | -8% | $566M | $594M | 9.6x | 31.3x | ||
| Hansen is a technology company providing software and services to the energy and utilities, and communications sectors throughout the developed world. Hansen’s products primarily relate to billings and adjacent functions, such as customer quotes, order capture, customer data management, and customer service. Additionally, Hansen has products assisting companies with developing new products, fulfilling orders, and managing various other operational processes. | $3 | -29% | $528M | $552M | 2.0x | 10.7x | ||
| Volt Group Limited is an Australian industrial technology company listed on the ASX under the code VPR. It describes itself as a diversified industrial technology company supplying proprietary original equipment and solutions through four businesses: EcoQuip, 4D Delta, Wescone and ATEN. Wescone manufactures sample crushers used in iron ore sampling systems, EcoQuip develops zero-emission energy equipment, and 4D Delta, acquired in late 2025 for AUD 7.25 million upfront, provides digital asset inspection and condition monitoring software and services to mining clients. The group sells to Tier-1 resources customers across three continents and cites more than 2,300 projects delivered. Revenue comes from equipment sales, project work and recurring inspection and software services. It is based in Kewdale, Western Australia. Ordinary revenue was AUD 4.773 million for the six months to 30 June 2026. | $0 | -- | $13M | $11M | 3.0x | 11.4x | ||
| Felix Group Holdings Ltd is an online construction marketplace for people to list, find, and hire equipment and subcontractors. The solutions offered by the company include Vendor Management, Sourcing, Contracts, c, and APIs and integrations. The company generates maximum revenue from Enterprise Saas (Contractors) Revenue. The Company has developed and operates a cloud-based enterprise SaaS and marketplace platform called Felix that automates and streamlines a range of critical procurement-focused business processes for organisations from the commercial construction. | $0 | -83% | $9M | $8M | 1.4x | (3.0x) | ||
| Median | $2 | -19% | $528M | $552M | 3.0x | 11.4x |
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