News Articles for K2fly

ASX-listed software-as-a-service provider, K2fly has tabled a record 79 per cent growth in annual recurring revenue in the September quarter this year when compared to the corresponding quarter in 2020. The boost to the company's top line follows the signing of three major long-term contracts that also lead to a record 125 per cent growth in total contract value in the period.

Perth technology company K2fly has signed one of its largest contracts, worth $3.4 million over five years, with Rio Tinto.

ASX-listed proprietary software provider K2fly has strengthened its partnership with resources giant Rio Tinto, signing a contract to apply its ground disturbance data management system across all of the miner's Pilbara sites in Western Australia. Perth-based K2fly now provides services to Rio Tinto across five of its nine product areas.

ASX-listed K2fly Ltd has clinched a five-year contract with leading platinum, palladium and gold producer Sibanye-Stillwater, who has signed on for the implementation of the resources software-as-a-service provider's Decipher mining tailings management solution. K2fly says the South African-headquartered Sibanye-Stillwater intends rolling out K2fly's software at all of the miner's more than three dozen tailing storage facilities it operates in southern Africa and the United States.

ASX-listed resources software provider K2fly Ltd has bedded down a five-year extension to its existing contract with the world's largest gold company, Newmont Corporation in relation to its resource governance software-as-a-service solution. Perth-based K2fly says the extension deal, which takes the Newmont contract period out to March 2028, has a total contract value of A$1.3 million.

Our board moves wrap includes Geoffrey Xue, Brian Miller, Nic Pollock, Timothy Longstaff, Boaz Wachtel, Adam Blumenthal, and Luca Giacovazzi.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

ASX-listed software-as-a-service provider K2fly has achieved strong business growth momentum heading into its new fiscal year with surging revenues and invoicing in the June quarter rounding out a successful FY2021. During the financial year K2fly landed significant new contracts with large miners which saw it invoice A$2.54 million in the June quarter, up 34 per cent year-on-year, bringing FY21 invoices to $7.8 million.

ASX-listed mining technology company K2fly has turned in its first $1 million invoicing month and maiden $2 million quarter as industry demand for vital environmental, social and governance decision-making information continues to climb. A new sales deal with a US-based geospatial data specialist is expected to add to the Australian company's prospects in a key growth market.

Australian mining technology company K2fly has wrapped up its second major contract with a leading global iron ore producer this month, closing a A$2.44 million deal that extends its long-term partnership with the expanding Roy Hill operation in WA's Pilbara region. The new five-year Roy Hill contract follows hard on the heels of last week's international pact with Fortescue Metals Group.

ASX-listed mining technology company K2fly has signed a A$1.455 million contract extension with Australian iron ore major Fortescue Metals Group, which will widen the use of the supplier's innovative land management software into Europe and South America.

ASX-listed mining software-as-a-service provider, K2fly has wasted no time picking up contracts since its acquisition of the Decipher for Mining business from Wesfarmers subsidiary, CSBP earlier this year. Decipher recently secured a three-year, $250,000 contract with Evolution Mining for the implementation of a tailings storage software system at its Lake Cowal open-cut gold mine in NSW.

Mining software as a service provider, K2fly has reported some strong results in its March-2021 quarterly report, including a record $2.06m in quarterly invoicing, up 27 per cent on the corresponding quarter in the 2019/20 financial year. K2fly's total contract value for its software as a service offering in the March quarter is also up a staggering 146 per cent on the same quarter last year after it hit $9.13m for the quarter.

Listed software developer K2fly is raising $7.25 million from a share placement, primarily to strengthen its balance sheet and pursue potential acquisitions.

K2fly has partnered with Griffith University and The Keeping Place to deliver a new cultural heritage management system designed to map ancient indigenous rock art. Spanning Cape York Peninsula's enormous Laura Sandstone Basin, the region hosts one of the richest bodies of rock art in Australia. The joint project aims to record the rock art for future generations and help provide a framework for its sustainable management.

K2fly continues to stamp its mark on the mining software market, topping off a record quarter with the purchase of specialist software provider, Decipher. The purchase of Decipher received final approval at a meeting of shareholders this week and delivers K2fly another significant software solution for mine rehabilitation and tailings management. Decipher provides the only end-to-end mining and tailings management solution in the current market, according to K2fly.

K2fly has added NYSE-listed precious metals mega-miner, Coeur Mining to its Software-as-a-Service customer base after Coeur inked a 5-year deal for the company's industry-leading RCubed Resource Inventory software. The 5-year deal to be rolled out across Coeur's five North American mine sites is worth A$718,000 over the period and has pushed K2fly's total contract value for its software as a service offering to A$8.7m.

ASX-listed software developer K2fly has posted a hefty uplift of 29 per cent in its half-yearly revenues, after locking in software as a service contracts with Australian iron ore monoliths Rio Tinto, Fortescue Metals Group and Roy Hill, amongst its bevy of global mega-miners. Revenues for the half-year to 31st December 2020 hit $3.413 million, up over $760,000 on the corresponding period last financial year.

Mining giant Rio Tinto has taken the extraordinary step of publicly acknowledging it should have communicated recent executive changes to the PKKP people in a more collaborative way.

Iron ore monolith, Rio Tinto has signed up to a 3-year software-as-a-service contract with ASX-listed tech player, K2fly. Rio will make use of K2fly's Infoscope software platform to manage very sensitive heritage information across its iron ore mining operations in Western Australia's Pilbara region. K2fly said the total contract value for the deal with Rio was set at A$719,000.

Mining software-as-a-service provider, K2fly will buy the software assets developed by an offshoot of Wesfarmers subsidiary, CSBP in an all-scrip deal that will see CSBP emerge as the major shareholder of K2fly with just over 10 percent of its register. The deal, which involves K2fly picking up the business assets of CSBP offshoot, Decipher Mining, is valued at $3.7 million.

WA tech company K2fly has agreed to purchase business assets associated with Wesfarmers' Decipher for Mining software.

Perth-based software solutions company K2fly has signed a five-year contract with aluminum producer Alcoa Corporation.

Software as a service provider, K2fly continues to set the pace in the mining software space adding another global name to its client list. The company has signed a lucrative contract with alumina giant Alcoa USA Corp. which will see the K2fly's innovative RCubed software implemented across six key sites globally delivering more than $570,000 into its coffers over its initial 5-year period.

ASX-listed K2fly's timing in buying the SATEVA software service business, which caters for iron ore producers, when the iron ore price is flying high has been exquisite with the expanded group already having snared $850,000 worth of new purchase orders from major iron ore mining houses.

ASX-listed K2fly has had its Land Access, Communities and Heritage, Ground Disturbance and Rehab software K2fly Solutions certified as an Endorsed App by global business processes provider SAP. K2fly is now one of only 12 companies around the world to be endorsed by SAP whose salesforce and marketing muscle will now be let loose selling K2fly solutions across its global network.

K2fly has wasted no time integrating with fellow software as a service provider, SATEVA, following the purchase of the mining software developer in late October. The company has hit the ground running, releasing a new software package named Model Manager to complement its own core offering, the RCubed mining resource and reserve reporting software.

K2fly is on the acquisition trail, this week picking up fellow “software as a service” specialist, SATEVA. The company is building a strategic position in the resource's software space and this week's acquisition looks like it may come with bottom line and client sharing synergies. Both companies already enjoy tier one client relationships with goliath sized companies and the opportunity to cross sell software looks real.

ASX-listed K2fly has boosted its position in the iron ore sector after announcing the acquisition of WA mining software company SATEVA.

ASX-listed K2fly continues to build momentum with the "software-as-a-service" company's invoicing building to in excess of $1.64m across the first quarter of the financial year, up 15 per cent on the previous corresponding quarter. The company is riding high on the back of a stream of new client signings seeking access to K2fly's specialised land management and mining software.

ASX-listed mining “software-as-a-service” provider, K2fly, has continued to expand its mining software offerings by partnering with Wesfarmers-owned Decipher, to create an integrated monitoring and governance platform for tailings storage facilities. The partnership provides an elegant solution to effectively manage mineral waste – a hot topic concerning industry, regulators and environmentalists.

ASX-listed mining “software-as-a-service” provider, K2fly, has defied the financial fallout of the global coronavirus pandemic as its RCubed mineral resource and reserve reporting software solution continues to attract more resources big hitters. The latest multinational group to take up K2fly's mineral resource governance software package is French-headquartered nuclear energy giant, Orano, who has signed a five-year contract with K2fly that has a total value of A$300,000.

ASX-listed mining ‘software-as-a-service' provider, K2fly, continues to build the annual recurrent revenue stream from its software contracts which hit A$2.2m this quarter after mega miner, South 32, locked in a 5-year contract for its “RCubed” mineral resource governance software. The company said its total contracted value for all multi-year contracts has jumped 45% to nearly A$7m.

ASX-listed ‘software-as-a-service' provider, K2fly, said the annual recurrent revenue stream from its software contracts has now surpassed A$2.0M after it signed on yet more customers for its “RCubed” mineral resource governance software. The company said the total contract value for its multi-year contracts, mostly with global mega-mining clients, now tops A$6M after Belgium-based Sibelco signed on for a 3-year term and Kinross Gold Corporation inked a 5-year deal.

Technology company K2fly has signed a three-year contract with Belgium-based Sibelco, which will use the company's resource reporting software across 60 international sites.

ASX-listed ‘software-as-a-service' provider, K2fly, said this week that it expects to be cash flow-positive for the first time in the current quarter as the total contract value of its multi-year, mining client contracts hike by a spectacular 793% year on year. The rapidly growing tech company has seen its quarterly invoicing almost double, year-on-year whilst this year's invoicing has already surpassed its total FY19 invoices.

ASX-listed K2fly management has smashed its year 2 recurrent revenue targets just 9 months after picking up its “RCubed” mining software business for around $450k plus some delayed payments on the back of revenue targets being achieved. The rapidly growing ASX-listed software company said this week that its annual recurrent revenues have now hit $1.83m, representing a spectacular 247% compound annual growth rate.

The total contract value of all current clients on the books at ASX-listed K2fly, utilising its “Infoscope” and “RCubed” mining software products is up 41 per cent quarter on quarter to over A$4.7 million. In a positive sign this week, mining giant and foundation K2fly client, AngloGold Ashanti, re-signed with K2fly for another three years with a total contract value in excess of A$240,000.

K2fly has added another global miner to its stellar list of customers for its extraordinarily successful “RCubed” resource governance mining software. Mining giant Newmont has signed a three-year software provision deal with K2fly with a total contract value in excess of A$900,000. K2fly said customer interest was strong in Toronto recently at the world's premier mineral exploration and mining convention, PDAC 2020 where the ASX-listed technology player showcased its software.

After scratching away at the dam wall for a while, it seems that the wall is now crumbling for ASX-listed mining software provider K2fly, with a wave of giant mining companies signing on recently for its unique “RCubed” resource governance software. Latest potential devotees to K2fly's software include BHP Billiton spin off, South 32, and Vale Australia, a subsidiary of Vale S.A, the largest iron ore producer in the world today.