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Bulls N' Bears 23 Jul 2021

K2fly tables plan for executive changing of the guard

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.

Bulls N' Bears 17 Jun 2021

K2fly sales soar on growing mining intelligence need

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.

Bulls N' Bears 24 May 2021

SaaS leader K2fly lands significant Roy Hill order

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.

Bulls N' Bears 19 May 2021

K2fly extends FMG alliance with A$1.45m deal

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.

Bulls N' Bears 29 Apr 2021

Momentum builds for K2fly tailings software solutions

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.

Bulls N' Bears 27 Apr 2021

K2fly hits record top line for mining software sales

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.

Bulls N' Bears 06 Apr 2021

K2fly joins rock art mapping project

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.

Bulls N' Bears 22 Jan 2021

K2fly acquisition flies high on buoyant iron ore market

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.

Bulls N' Bears 23 Nov 2020

K2fly rolls out new mining software solutions

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.

Bulls N' Bears 28 Oct 2020

K2fly snaps up new software company

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.

Bulls N' Bears 13 Oct 2020

K2fly posts bumper cash flow

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.

Bulls N' Bears 06 Jul 2020

K2fly mining software growth flies in face of pandemic

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.

Bulls N' Bears 24 Mar 2020

K2fly hits 2-yr revenue target in 9 months

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.

Bulls N' Bears 19 Nov 2019

K2fly locks in mining giant for software contract

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.

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