Felix Group Holdings Ltd (ASX:FLX) develops and operates a cloud-based enterprise software as a service (SaaS) platform that provides vendor management and source-to-contract procurement solutions for capital-asset intensive organizations. The company offers vendor management including risk-based prequalifications, self-service compliance portals, segmentation, performance evaluations and ESG reporting; procurement scheduling with tenders, evaluations and approvals; sourcing via rapid purchasing and RFx processes; contract management through repositories, summaries and variations; a vendor marketplace for discovery and engagement; and integrations with APIs for third-party systems. Founded in 2012 and headquartered in Teneriffe, Australia, Felix Group Holdings serves construction, mining, resources, government, utilities, public infrastructure and property sectors primarily in Australia and New Zealand, with expanding international usage across 160 projects and over 15,000 international vendors. The platform connects enterprises with over 110,000 vendors in its marketplace, driving compliance, risk management and efficiency for clients including ASX-listed miners like Northern Star, Regis Resources and MLG Ozall. In August 2025, the company announced the strategic acquisition of Nexvia Pty Ltd, a SaaS provider of project and business management tools for SME subcontractors, adding $3.3 million in annual recurring revenue and enabling cross-selling to accelerate vendor monetization; this deal, supported by an underwritten capital raise, boosts pro-forma FY25 annual recurring revenue to $11.9 million, a 38% increase, while enhancing platform interoperability for end-to-end workflows from tender to project delivery.