Trade management software biz ImpexDocs readies raise

afr.com:

ImpexDocs, a Sydney-headquartered software business that sells export management software solutions to the likes of GrainCorp, Inghams and Blackmores, is getting ready to meet investors for the first time.

ImpexDocs sells software tools for companies to manage their export supply chain. Natalie Boog

The company is understood to be seeking up to $14 million from a minority equity partner, who would join founder Manish Desai and chief revenue officer Tejas Oza as the only other shareholder on the register. Boutique advisory Tiger & Bear has a roadshow under way.

ImpexDocs was founded 20 years ago and provides companies with software tools to manage their export supply chain, including things like documentation, freight and certifications. Its clients span meat, agribusiness and grains, horticulture, dairy and recycling among other industries.

Potential backers are being told the business has grown at 50 per cent compounded annual growth rate over the past three years, without taking a dollar of external capital. It has 500 clients on its books, but sees an opportunity for $1 billion revenue from the 55,000 businesses that export out of Australia.

ImpexDocs also wants to branch out of exports and build capability in imports. Lastly, the sell-side pitch has been pointing to its US ambitions, which would open the gates to a much deeper market – more than 500,000 exporters and importers on ImpexDocs’ count.

Prospective buyers were being pointed to WiseTech’s flagship CargoWise platform, whose Neo product – rolled out in August – provides a standardised web portal to manage workflow for logistics players such as freight forwarders and carriers and their customers.

CargoWise had more than 29,500 certified practitioners at June