At a glance
- COSOL has acquired Toustone, an Australian asset performance advisory firm specializing in data-driven insights, predictive analytics, and tailored solutions across transport, enterprise, and sustainability sectors.
- The acquisition deepens COSOL's expertise in enterprise asset analytics, most notably in the transport sector.
- Toustone’s proprietary platforms and skilled team bolster COSOL’s capacity to help clients unlock efficiency and insights through complex data transformation.
COSOL is pleased to announce an enhancement to our data capability with the acquisition of Toustone.
Toustone is an Australian data analytics, predictive analytics and decision intelligence company dedicated to solving complex data problems and providing accurate and reliable reporting. Over the 10 years since it was founded in 2014, Toustone has grown to over 30 employees spread across Australia including NSW, QLD, VIC, ACT and WA.
Toustone's solutions includes:
- Transport Suite - Boost operational efficiency with their advanced and predictive transport analytics platform, that reveals opportunities and makes reporting a breeze.
- Enterprise Suite - Consolidated, accurate, and auditable insights and business reporting that unlocks opportunities.
- Sustainability Suite - Their 'Agriculture and Food' solution centralises and automates their reporting needs to support all business decisions.
- Predictive Analytics & Data Consulting - Providing in-house support to predicting the future of your projects and business.
- Government and Professional Data Services - Supports local, state and federal departments with their data and analytics projects.
The acquisition of Toustone delivers COSOL a stronger position in enterprise asset management and the opportunity to provide services in the transport sector, where Toustone have made their mark. The Toustone team includes Data Scientists, BI Leaders, Analysts, Operations and Sales & Marketing professionals.
For clients, the addition of Toustone to the COSOL group further strengthens COSOL’s value offering as a leader of asset management services. As a COSOL company, Toustone can offer clients expertise and proprietary IP in predictive analytics and decision intelligence to give order to clients' complex data lakes and provide insights into their operations and efficiency opportunities.
Scott McGowan, COSOL Managing Director and CEO said,
“Toustone is an important addition to COSOL with the increased customer emphasis on using analytics to extract efficiencies...Large organisations have enormous data lakes from which they look for meaning and advantage...Toustone has developed pre-configured proprietary platforms that give customers a single source of truth through synthesising data sets from operations, finance and third-party providers. This delivers outstanding insights and efficiency opportunities to customers, which is precisely what COSOL provides right across the asset management spectrum...Toustone deepens COSOL's data management expertise and boosts our next-gen productivity spectrum.”
Toustone CEO and co-founder, Craig Lefoe said,
“...COSOL was the perfect springboard for Toustone to pursue its growth ambitions. We have admired COSOL and the manner in which it has grown its customer offer and market share while maintaining the high levels of service excellence and strong operating margins”
COSOL are excited to welcome the entire Toustone team to the COSOL group.
Read the full ASX announcement >
About COSOL
Established in 2000, COSOL is now a leading global provider of asset management solutions that span the people, process, systems, and data elements of asset management. Since 2020, we have worked to expand the capabilities, services, and solutions that we offer our customers worldwide. In 2020, we acquired North American company AddOns Inc., followed by Australia-based businesses Clarita Solutions in 2021, Work Management Solutions (WMS) in 2022 and the AssetOn Group in 2023. The acquisition of Core Asset further strengthens our value proposition as a single supplier of asset management services. Learn more about COSOL's History >
About Toustone
Toustone is an Australian-owned data, advanced analytics and decision intelligence company, driven by confident and seasoned data experts. We help Australian leaders gain clarity of the current and future state of their business, so they can make confident and smart decisions to find their edge. We do this by identifying, cleaning, unifying, and automating key data, based on each business's specific goals – whether company-wide, department or project-based. Toustone simplifies reporting and unlocks opportunities for complex organisations through the power of data. We break down data silos, extract accurate insights, automate reporting and predict the future performance of projects, departments and entire organisations. Toustone makes sense of data.
Learn more about Toustone >
