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  • Knosys (KNO) has completed the purchase of GreenOrbit, a leading software-as-a-service software provider
  • In December, the company announced it will issue 37 million shares, valued at around $5 million, to purchase GreenOrbit
  • The purchase is expected to increase the annualised revenue run rate of the Knosys group to approximately $5.8 million
  • On market close, Knosys is up 3.7 per cent and is trading at 14 cents per share

Knosys (KNO) has completed the purchase of GreenOrbit, a leading software-as-a-service software provider.

In December, the company announced it will issue 37 million shares, valued at around $5 million, to purchase GreenOrbit.

The completion of the deal comes after meeting all the conditions and requirements for the purchase.

GreenOrbit is a leading provider of intranet solutions that facilitate efficient and
secure internal communications and information sharing.

The purchase is expected to increase the annualised revenue run rate of the Knosys group to approximately $5.8 million.

Knosys Managing Director John Thompson is pleased to have completed the acquisition of GreenOrbit.

“The GreenOrbit business is highly complementary to our underlying
Knosys operations and we are already seeing good progress with new customer engagement and upselling existing customers across the ANZ, U.S. and U.K. markets,” he said.

“We see many opportunities to drive revenue growth of the combined
entity, and to increase the operating leverage of our global footprint and infrastructure. The acquisition of GreenOrbit is in line with our growth strategy to build a leading multi-SaaS information management business with global operations, and we expect GreenOrbit to deliver long term value to Knosys shareholders and customers,” he added.

On market close, Knosys is up 3.7 per cent and is trading at 14 cents per share.

KNO by the numbers
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