Quartex Emerges from INX K2fly Merger Amid Global Growth Drive in ASX 200 Mining Tech Space

3 min read | May 20, 2025 12:21 AM PDT | By Team Kalkine Media

Highlights:

  • INX Software and K2fly rebrand to Quartex after full integration

  • Unified software firm strengthens global footprint in mining compliance and workforce solutions

  • Quartex retains Western Australia base, expanding services to asset-intensive sectors

Quartex has officially launched as a new brand in the mining and industrial software sector, following the successful integration of INX Software and K2fly. The business, now operating under the ASX 200 category and previously listed under the ticker (ASX:K2F), marks a significant evolution for two Western Australia-based technology firms.

K2fly, historically known for its SaaS-based environmental, social, and governance (ESG) compliance and technical assurance solutions, and INX Software, a provider of workforce safety, logistics, and training platforms, have joined forces. This integration forms a comprehensive platform serving complex industrial needs, especially in mining and other asset-intensive sectors.

Accel-KKR Acquisition Sets Foundation for New Global Brand

The transformation into Quartex follows a corporate acquisition by US-based private equity firm Accel-KKR. K2fly was delisted from the Australian Securities Exchange following this acquisition, finalizing the merger process with INX Software. The move was facilitated via a scheme of arrangement, backed by legal advisors Steinepreis Paganin and financial firms Argonaut PCF and Atrico.

Accel-KKR’s strategic move to acquire the former (ASX:K2F) was driven by the firm’s global ambitions to scale its technology services. The merger consolidates Quartex’s position as a major player offering governance, risk, compliance, and workforce solutions across industrial domains.

Global Mining Clients Drive Strategic Direction

Quartex has continued engaging with major international mining clients to refine its service model. These include operators managing large-scale and remote mining projects that require tight controls around safety, environmental compliance, and workforce logistics.

The company’s solutions include flight scheduling, accommodation planning, permitting, compliance tracking, tailings management, and disclosure platforms. This broad service range helps ensure seamless site operations, aiming to reduce errors and improve operational standards in high-stakes environments.

Western Australian Roots Fuel International Growth

Despite its global ambitions, Quartex remains anchored in Western Australia. The location continues to be a strategic advantage, housing many of the company’s key clients and serving as a launchpad for broader international activities.

With a team of hundreds of employees and operations reaching across dozens of countries, the firm is positioned to scale its offerings while maintaining its core commitment to client safety, environmental stewardship, and regulatory alignment. The combination of local insight and global execution forms the foundation for Quartex’s expansion.

Broader Industry Implications Following ASX Delisting

The unified company represents a significant shift in the ASX-listed tech landscape, especially for sectors reliant on ESG and operational compliance. While no longer listed under the (ASX:K2F), Quartex’s influence in the ASX 200 ecosystem continues, especially given its role in mining—a sector critical to Australia’s economic and industrial output.

The newly formed brand’s direction underlines growing demand for integrated, enterprise-grade solutions across compliance-heavy, asset-driven industries. With backing from Accel-KKR and a robust portfolio of software tools, Quartex is positioning itself at the center of industrial technology transformation.


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