- Knosys (KNO) signs a $750,000 two-year extension deal with Singtel for the continued use of the Knosys knowledge management platform, KnowledgeIQ
- Additionally, Singtel will upgrade to the latest release of KnowledgeIQ over the next six months to benefit from new product features and capabilities
- KNO says the contract extension further validates its enterprise knowledge management solution, which underpins recurring revenue over the next few years
- Knosys is now implementing an industry vertical approach with its portfolio of software-as-a-service (SaaS) solutions to further drive sales in FY23 and beyond
- Shares in Knosys closed 4.6 per cent higher at 9.1 cents
Knosys (KNO) has signed a $750,000 two-year extension deal with Singapore teleco Singtel for the continued use of the Knosys knowledge management platform, KnowledgeIQ.
Additionally, Singtel will upgrade to the latest release of KnowledgeIQ over the next six months to benefit from the new product features and capabilities.
According to Knosys, the contract extension provided further validation of the company’s enterprise knowledge management solution, which it said underpinned recurring revenue over the next few years.
“The recent contract extensions give us confidence in our pipeline opportunities moving forward,” Managing Director John Thompson said.
“Over the past few years, Knosys has demonstrated that it has a robust business model through the cycle, with low volatility recurring revenue based on multi-year contracts with blue-chip clients.
“All three of our Software-as-a-Service (SaaS) solutions have an updated Product Roadmap with new advanced features, a distinct marketing position and clear target markets.”
Knosys is now implementing an “industry vertical” approach with its portfolio of SaaS solutions to further drive sales in FY23 and beyond.
Today’s news comes after the company announced a three-year contract extension with ANZ Bank.
Shares in Knosys ended the week 4.6 per cent up at 9.1 cents.