Newcastle ISV Pegasus snapped up by Utah’s Avetta Newcastle ISV Pegasus snapped up by Utah’s Avetta The local company is set to become the Australian launch-pad of its US-based buyer. Newcastle, NSW Credit: Dreamstime Australian cloud-based workforce management software provider Pegasus has struck a deal to be acquired by supply chain risk management software vendor Avetta, with the local company set to become the Australian launch-pad of its US-based buyer. Founded in the late ‘80s and based in Newcastle, NSW, Pegasus was originally created as a labour-hire and safety training company for mines in the Hunter Valley. The company subsequently developed software to help manage worker inductions, before pivoting entirely to become a software-as-a-service (SaaS) company.