Felix Group Holdings Ltd. announced it has signed a strategic agreement with InEight Inc. The agreement will leverage the connected solution between Felix and InEight's software platforms, creating a more comprehensive management solution for Contractors. Felix will benefit from enhanced market access, with InEight providing referrals to its existing base of customers. In addition, the parties will work together to jointly pursue new business opportunities in international markets.

Each party will separately agree to contracts with customers and referrals. The agreement follows Felix and InEight collaborating on joint opportunities with Australian Contractors. The collaboration complements Felix's fast growing direct sales activities across Australia and New Zealand, while providing an opportunity to rapidly scale Felix's domestic and international market penetration.

Felix's unique procurement offering is highly complementary to InEight's existing integrated platform covering the project planning, construction and turnover phases. Further, Felix's platform deepens InEight's project management capabilities and is expected to enhance the joint value proposition of both companies in bidding pursuits to large Contractors. The agreement is Felix's first international collaboration, demonstrating the global relevance of Felix's solutions globally, while significantly enhancing the Company's local and international profile.

While Felix's key focus is on converting its significant pipeline of opportunities in ANZ, the agreement provides a de-risked and capital-light entry into international markets.