News Articles for K2fly

K2fly has added another significant resource company to its rapidly growing, blue chip client list after West Australian miner, Gold Fields Ltd, signed on for a multi-year deal to use K2fly's innovative software package known as “RCubed”. The contract is worth in excess of $580,000 across the initial five years and comes on the back of a total of $1.67m worth of record invoicing in the December 2019 quarter.

ASX-listed tech company, K2fly, has more than doubled its accounts tally for the December 2019 financial quarter compared to the same quarter last year, with a record $1.67 million worth of invoices raised. Importantly, the crucial “annual recurring revenue” metric which is pretty much the closest thing to an annuity income stream that generally underpins software companies, was up 40% year on year for K2fly.

Listed mining software company K2fly has been racking and stacking a solid slew of major mining companies into its client base, inking yet another long-term contract, this one with serious mining player, Westgold. Westgold's new contract with K2fly holds an initial total contract value of over $580,000 with the two companies also looking to collaborate on future working enhancements to the existing software system.

K2fly has reinforced its emerging prominence in the resource's software space with mining giant, Teck Resources, extending its annual “RCubed” software contract with K2Fly out to three-years. K2fly said it has now locked down total contract values of over $2 million from its RCubed software as a service, or “SaaS”, as clients sign onto three and five year terms. The latest numbers come only weeks after the ASX-listed company signed a five-year software contract with Rio Tinto.

The tills have been ringing at mining software company, K2fly, with annual recurring revenues from just one of its software offerings, “RCubed”, almost doubling the annual target of $500,000 in just six months, with $900,000 a year now contracted annually for RCubed. The latest numbers come only weeks after the Perth based ASX-listed company signed a five-year software provision contract with mining goliath, Rio Tinto.

Emerging tech player, K2fly, has inked a lucrative $1.45 million contract with mining heavyweight, Rio Tinto, for its innovative software technology. The small cap listed company will now roll out its specialist “RCubed” mineral resource governance software across 20 Rio sites around the globe. K2Fly's RCubed software is an innovative peice of mining technology that manages the most valuable of a client's primary assets – its mineral resources.

Subiaco-based tech company K2fly has signed a five-year contract with Rio Tinto for the provision and implementation of its RCubed resources software across 20 reporting sites.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Peel Mining advises that the fully underwritten non-renounceable entitlement offer announced on 7 September 2018 closed 2pm Wednesday, 3 October 2018.

Local tech company K2fly has been awarded a series of consultancy contracts with existing clients Western Power and Arc Infrastructure worth about $1.1 million.

Westgold Resources Limited (ASX:WGX) (Westgold) is pleased to advise that its wholly owned subsidiary, HBJ Minerals Pty Ltd (HBJ) has signed mining tribute agreement over Cannon Mine area.

Subiaco-based tech company K2fly has won a contract to provide its services to the manager of the West Pilbara iron ore project for an undisclosed sum.

Subiaco-based software company K2fly has made its first acquisition since listing on the ASX last year, announcing today the purchase of a local specialist data collaboration company that counts the state's three biggest iron ore miners as its clients.

Perth-based companies K2fly, Zelda Therapeutics and Impression Healthcare have wrapped up their first day of trading on the ASX after completing reverse takeovers, with Impression, which counts John Worsfold as a director, the only one to post a gain.

Curtin University is set to benefit from the listing today of ePAT Technologies, which adds to a steady flow of tech companies that have attracted support from investors over the past six months.

SPECIAL REPORT: The stock market's appetite for new listings is allowing a range of companies, from family-owned engineering firm Veem to big national player Alinta Energy, to raise capital.

SPECIAL REPORT: New research and software products are aiming to further reduce workplace fatality rates.

Subiaco-based software company K2fly has kicked off its national roadshow in the hopes of raising up to $5 million before a backdoor listing on the ASX, despite a recent shift in market sentiment.

With a strong focus on cutting costs in mining, many WA small businesses are developing ways to dig up resources smarter and cheaper.

A Subiaco-based asset management technology company is seeking an ASX listing through the reverse takeover and backdoor listing of Power Resources.