Knosys (ASX:KNO) has won an order to expand the use of its knowledge management platform across the business units of its existing customer ANZ Bank.
The Knosys knowledge management solution enables organisations to capture, manage and access information across often disparate business units and information technology platforms.
The new order for $34,000 is for an initial two-month licence period commencing on 1 May 2017 and ending on 30 June 2017, the annual licence renewal date under the existing agreement.
Upon annual renewal of the licence arrangement from 1 July 2017, this additional order will contribute a further $200,000 per annum to Knosys’ revenue.
The web based architecture of the Knosys solution will enable its rapid setup and deployment across ANZ’s business units.
Importantly, the expansion further reflects the confidence that this major customer has in Knosys’ capacity to deliver a superior knowledge management technology.
Last quarter, the company deployed the Knosys Knowledge Management suite to 250 users in the Victorian Office of Pubic Prosecutions (OPP).
The three-year, $150,000 contract is aimed at helping solicitors better prepare for and pursue legal cases inside and outside of court.
Knosys’ cash balance as at 31 December 2016 was $1.5 million.