Knosys announces 2-year contract extension with Singtel

Knosys Limited (ASX:KNO) has announced that Singtel has signed a two-year contract extension for the continued use of Knosys' knowledge management platform KnowledgelQ. The contract is valued at $750,000 over the two-year period, and Singtel will upgrade to the latest release of KnowledgelQ in the next 12 months to benefit from new product features and capabilities.

Knosys Managing Director's Comments on Contract Extension

Knosys Managing Director, John Thompson, expressed his satisfaction with the contract extension, highlighting the company's robust business model in the enterprise Knowledge Management sector. He also mentioned the focus on securing further multi-year extensions throughout the year to build the knowledge management revenue backlog until 2027, with a primary focus on enterprise and government opportunities for their KM solution.

Summary of Knosys' Contract Extension with Singtel

Knosys Limited (ASX:KNO) has secured a two-year contract extension with Singtel for the use of their knowledge management platform KnowledgelQ, valued at $750,000. Singtel will also upgrade to the latest release of KnowledgelQ in the next 12 months. Knosys' Managing Director, John Thompson, emphasized the company's focus on securing further multi-year extensions and building the knowledge management revenue backlog until 2027, primarily targeting enterprise and government opportunities for their KM solution.