Acusensus partners with Atticus, a fellow Melbourne Accelerator Program (MAP) start-up, in a unique collaboration
Acusensus is grateful for the opportunities presented to the company by the Melbourne Accelerator Program (MAP) and its community, which makes unique collaborations possible. Acusensus has teamed up with Atticus, another startup from MAP, in a partnership that resulted in Acusensus’ recent IPO and listing on the Australian Securities Exchange (ASX). This collaboration is the first for MAP alumni.
Alexander Jannink, founder and Managing Director of Acusensus, and Saul Wakerman, co-founder and COO for Atticus, underwent MAP simultaneously. Acusensus and Atticus’ founding teams worked together closely during the early phases of establishing their startups as a part of MAP’s 2018 cohort. Recently, Acusensus successfully listed and commenced trading on the ASX on 12 January 2023.
Acusensus’ IPO prospectus, advised by law firm Maddocks, used software from Atticus, a legal technology company. Atticus provides robust document review and a verification platform to law firms and listed entities.
Alexander Jannink said that the “Atticus technology was instrumental to Acusensus through the ASX listing process.”
“Our global mission of pioneering intelligent solutions to reduce road trauma and save lives would not be possible without the assistance of Atticus and the Melbourne Accelerator Program – both of which supported Acusensus from fledging start-up to IPO” Alex added.
Saul Wakerman explained that Atticus’ software platform was used to verify over 1300 disclosure documents in Australia last year. This includes the terms of 50 per cent of IPO listings on the ASX. Atticus is also experiencing rapid global growth as its software platform is used to verify around a third of listings on the London Stock Exchange in 2022.
“Our software helps listed funds and companies, such as Acusensus, better mitigate the risk of shareholder class action or investigations from ASIC, or equivalent international regulators, by allowing them to efficiently bring a new level of rigour to the publication of their disclosure documents,” Saul explained.
On the collaboration, Saul explained that Atticus “worked back-to-back with Alex and the Acusensus team for a couple of years during and after the MAP program. We solve different problems but supported each other getting our businesses off the ground. We’re thrilled to see a friend and peer from the MAP program achieve this milestone and have our Atticus platform support them to verify the documents for their IPO.”
Powered by the University of Melbourne, MAP is one of Australia’s oldest startup accelerator programs, founded in 2012. Andrew Rowse, Director of Programs at the Entrepreneurial Centre said the team was proud to see two members of MAP’s 2018 cohort work together to continue to build their respective reputations as prime examples of Australian startup success stories.
“Seeing two MAP alumni teams experience success together on a project like this shows the generosity and tenacity of the MAP community. It’s been an affirming experience for us to see a friendship between two founding teams evolve into a fruitful business relationship,” Andrew explained.