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- Knosys (KNO) signs a two year contract extension with Optus for the continued use of its market leading knowledge management platform, KnowledgeIQ
- In addition to extending the Knosys contract, Optus will upgrade its system to the latest release of the platform during the next six months in order to benefit from its new features
- The expected value of the contract over the entire period is approximately $2.075 million
- The contract extension combined with other recently announced wins positions the company well with a strong recurring knowledge management revenue profile
- KNO shares are down 2.27 per cent, trading at 10.8 cents per share
Knosys (KNO) has signed a two year contract extension with Optus for the continued use of its market leading knowledge management platform, KnowledgeIQ.
In addition to extending the Knosys contract, Optus will upgrade its system to the latest release of the platform during the next six months in order to benefit from its new features.
The expected value of the contract over the entire period is approximately $2.075 million.
“This contract once again reflects the confidence that Optus has in our company’s capacity to deliver a superior knowledge management solution,” Managing Director John Thompson said.
“Solutions such as ours support these initiatives by creating a single source of truth (SSOT), enabling customers to self-service better and ensure consistency across all digital channels whilst also simplifying the sharing of information across business units and teams.”
The contract extension combined with other recently announced wins positions the company well this financial year and the next with a strong recurring knowledge management revenue profile.
“[The] business is now definitely in a growth phase and has moved forward even during a challenging business environment dominated by Covid,” Mr Thompson remarked.
The company is looking to invest in several initiatives to drive further sales in FY22 and beyond.
KNO shares were trading steady at 11 cents at 3:51 pm AEST.
