Missing shares and prison time: Nuix's path to IPO
Nuix is set to be the biggest IPO of 2020, but much like the pandemic-plagued year, its story is unprecedented.
With debunked allegations of tax fraud, a court case with a former CEO, and a major corporate owner, the back story of soon-to-be-listed $1.8 billion tech company Nuix is a colourful one.
Founded in 2000 by its chief scientist David Sitsky, the digital forensics software company did not start to really take off until Anthony (Tony) Castagna joined in 2004, followed by Eddie Sheehy in 2006. After 2006 the business began to rapidly scale, winning customers such as the Australian Taxation Office, the Australian Federal Police and the Australian Securities and Investments Commission.
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