Knosys Links Greenorbit Customers to Oak Engage as It Refocuses on Core Platforms

Knosys Ltd. ( (AU:KNO) ) has shared an update.

Knosys’ intranet subsidiary Greenorbit has signed a two-year agency agreement with UK-based Oak Engage to introduce Oak’s intranet and employee experience platform to Greenorbit’s existing customer base, which currently contributes around 30% of Knosys’ annual recurring revenue. Under the deal, Greenorbit will act as agent and initial billing and collection intermediary for customers who elect to migrate from the Greenorbit intranet to Oak’s platform, earning remuneration based on a multiple of each customer’s existing recurring revenue, while customers who do not migrate will remain on their current Greenorbit solution; the move allows Knosys to redirect development focus and capital toward its next-generation Libero library management system and its core knowledge management offering, while still providing intranet customers with access to more advanced technology without Knosys bearing the development burden.

The most recent analyst rating on (AU:KNO) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Knosys Ltd. stock, see the AU:KNO Stock Forecast page.

More about Knosys Ltd.

Knosys Limited is a Melbourne-headquartered SaaS provider with international operations, specialising in solutions that help organisations manage information and knowledge. Its product suite spans library management, knowledge management and intranet platforms, enabling customers to better connect, collaborate and extract value from their information and knowledge assets across various markets, particularly in Australia and the United States.

Average Trading Volume: 205,855

Technical Sentiment Signal: Sell

Current Market Cap: A$4.97M

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