Business
‘Slow the bleeding’: Documents reveal internal Nuix concerns weeks after Macquarie-led IPO – Sydney Morning Herald
Nuix executives were questioning the quality of its core products just weeks after its sensational sharemarket listing led by Macquarie Group last December.
As at June 30 Nuix had 483 staff, of which 151 were in engineering and 49 were product, internal documents reveal.
The review rated key products including the Nuix Engine and Nuix Workstation red status as a lack of engineering capacity prohibits our ability to capture additional market share.
The internal review raises questions about whether Nuixs core technology is up to the task of executing the growth strategy laid out in the prospectus.
In the year to June 2020 six months out from the float…
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