Angel at my Table 2014: Riscoveri

Riscoveri International LimitedHealth & Safety, Governance, Risk & Compliance Software

Nick Hadley | [email protected] | 021 517320

Riscoveri’sreason for existence

1Keeping

workers safe

By embedding a culture of safety and regulatory compliance

2Mitigating risk

for Directors

By visibly demonstrating point 1

Riscoveri International Limited

Background &History

Effectively a 21-year old start-up! Original business had its roots in Risk consultancy, with ‘fat client’ software developed in 1993

Top-heavy consultancy structure Nightmare maintaining and developing the software

Riscoveri now rises from these ashes with energy, enthusiasm and a huge IP asset. Key missing ingredient is finance


Helps organisations to achieve legislative and environmental compliance

Mitigation of risk for Directors.

Corporate market

Long sales cycle

Consulting / integration requirements likely

Typically $3000 plus per month for 50 workers

“Governance, risk & compliance cloud-based software”

riscoveri.com

“High-visibility heath and safety software”

safetyware.com

Keeping workers safe

Mitigate risk for directors

Accident reporting

Quick identification of hazards, non-compliances and other risks

SME market

True SaaS purchase, also sold through resellers

Typically $100-$200 per month

However: Riscoveri functionality can be added back to produce extra revenue

Governance, Risk & Compliance (“GRC”)

Health & Safety

Accident Register

Hazard Register

Compliance

Manage-ment

Staff & Staff

Compet-encies

Contractor

Manage-ment

Site-Specific Safety Plans

Training

Function/ Position Register,

Document Library,

Induction Register

Property

Owner, Site & Floor

Registers, Maintenan

ce Requests, Protective Features, Survey Details

Environ-mental

Legal Requirements Register, Environmen

tal Objectives

& Complaints

register, Environmental Incident Manager

Audit

Systems Register,

Register of Certified &

Non-certified

Equipment

Risk Analysis

Risk Identific-

ation, Risk Assessme

nt Calculatio

ns

Can be sold separately as “Safetyware” - a stand-alone Health and Safety System

Modules can be individually activated as needed


Where the products sit in the market

Fun

ctio

nalit

y

Cost $

Point solutions for H & S

Document-based Risk Management systems

Enterprise risk management from

global providers


What’s included?

In effect, two opportunities; both SME and Corporate products

NZ Patent on the software Substantial pipeline of short and long-term prospects

Market-tested product; not dreamt up Speed to market Designed for global sales (we already have a UK reseller lined up)


Headline financial forecast


x $1000

Yr 1 (Oct 14-Sep15)

Yr 2 (Oct 15-Sep16)

Yr 3 (Oct 16-Sep17)

Gross Safetyware salesLess reseller commissionNet Safetyware sales

$572-$257$315

$4,524-$2,036$2,488

$10,454-$3,659$6,795

Riscoveri sales $231 $2,419 $5,706

Total net sales $546 $4,907 $12,501

Expenses $1,289 $1,737 $2,573

Profit ($743) $3,170 $9,928

What we’re looking for

Proactive investor(s) who have a total of $700k- $1.2m to invest. Could be in 2 tranches ($700+$500)

Even better, someone who wants be part of our story.


Exit strategy

Options for exit in 3-4 years:

Trade sale to high-end GRC provider (eg Oracle / SAS / Thompson Reuters) who wants a mass market product

Sale to consulting company who want their own product

IPO?


Angel at my Table 2014: Riscoveri

Technology

Transcript of Angel at my Table 2014: Riscoveri