• Strategic entry into global AI governance and risk management market
• Commercial enterprise SaaS platform with international customer base
• Large and rapidly expanding global market opportunity

WhiteHawk Limited (ASX: WHK) has entered into a share sale agreement to acquire Quixxi, developer of the Quixxi Clarity AI platform, expanding WhiteHawk's enterprise cyber risk management Software as a Service (SaaS) solutions into the rapidly emerging market for artificial intelligence governance and digital risk management. Quixxi Clarity AI enables organisations to identify, monitor and manage artificial intelligence systems embedded across applications, data infrastructure and digital operations, providing critical visibility as AI becomes increasingly integrated across enterprise technology systems. The acquisition positions WhiteHawk to develop a unified enterprise platform addressing cybersecurity, data governance and artificial intelligence risk, an emerging category of digital risk management expected to expand rapidly as organisations deploy AI across increasingly complex technology environments. The Quixxi Clarity AI platform is commercialised through software licensing and subscription models supporting scalable software-as-a-service (SaaS) growth as AI adoption expands globally. The acquisition aligns with WhiteHawk's strategy to expand its enterprise cyber risk, vulnerability and compliance platform into adjacent areas of digital risk governance as organisations increasingly deploy artificial intelligence across core technology systems. Key strategic benefits include entry into the AI governance market, extension of WhiteHawk's cyber risk platform, acceleration of recurring and scalable SaaS revenue, cross-selling opportunities across enterprise customers, access to enterprise customers and distribution channels, and strengthening of technology and intellectual property portfolio.

The acquisition of Quixxi is expected to support the development of a unified enterprise platform monitoring cybersecurity, data governance and artificial intelligence risk. Quixxi generated approximately A$575,000 in FY25 revenue and has established customers across government, financial services, and enterprise sectors, supporting scalable recurring software-as-a-service (SaaS) revenue growth.

The global AI governance market is projected to grow from approximately US$309 million in 2025 to more than US$4.8 billion by 2034 (~35% CAGR), supported by accelerating enterprise AI adoption and regulatory frameworks such as the European Union AI Act. The acquisition positions WhiteHawk to address this rapidly expanding market opportunity.