Protecht acquires AI-enabled tool VISO Trust in fight against SaaSpocalypse
The heavily backed, Sydney software firm’s CEO Jason Phillips says data management tools could be naturally resilient against AI replacement, but will still face threats.
Sydney-based risk management software firm Protecht has acquired AI-powered risk assessment tool VISO Trust to help bulk up its product offering under the competitive threat of powerful AI agents and cheap alternatives spun up using AI coding tools.
Sydney-based Protecht’s CEO Jason Phillips told Capital Brief that AI tools are “already very powerful…you can only imagine three years from now where the market’s going”.
Software companies listed on public markets have been indiscriminately sold off en masse over the last six months amid fears they will be replaced by AI tools, a phenomena which has been dubbed the SaaSpocalypse.
But since Protecht was backed by a USD280 million ($390.8 million) investment from growth equity firm PSG Equity in March 2025, the company has deepened its focus on AI integration across its existing product roadmap to ensure the platform remains competitive with AI tools.
