K2fly Limited (ASX: K2F), based in Subiaco, Western Australia, is a consulting systems integrator focussed on digital transformation and process improvement, primarily serving clients across the asset-intensive industries like Rail, Electricity, Water, Mining, Oil & Gas, and Facilities Management worldwide. K2fly’s business is broadly classified into three key operational areas: owned software, 3rd Party software and consulting services.
K2fly provides various solutions (SaaS-based), tailor-made and customised to suit the specific needs of individual businesses. These can be categorised as given below:
- Data Collaboration & Visualisation
Under this category, K2fly offers the Infoscope Enterprise Land Management System, which is its proprietary software acquired in July 2017 and subsequently ported to the SAP Cloud Platform within six months of initial discussions. Infoscope’s client base includes major corporates like Fortescue Metals Group (ASX: FMG), Mineral Resources (ASX:MRL)The National Trust, APIM and Westgold Resources (ASX:WGX).
Essentially, Infoscope is a data collaboration platform that specialises in the connection of disparate data sources and assembles the different information layers to create a visually presentable data that is easily configured and accessible. It was designed and developed to address a pressing corporate problem – information silos.
The solution is directly and widely applicable to the resources, utilities, infrastructure, environment & biodiversity, and cultural heritage sectors. It supports the desire of large-scale organisations to demonstrate their ‘Social Licence to Operate’ in the environments key to their business operations.
- Mobility Solutions
The company’s globally renowned mobility solutions are flexible, scalable and offer innovative mobile experiences. K2fly has collaborated with various industry-leading consultants which possess the expertise to support business agility and efficiency.
A reseller agreement was signed with Kony Inc. in August 2017, for its low-code cross-platform solution that empowers organisations to develop and manage their own apps to better engage with customers, partners and employees. It has ~ 500 customers in 50 countries.
In addition, K2fly offers Affinity Fieldreach enterprise mobility solution in partnership with AMT-Sybex. It is licensed on over 50k devices in organisations worldwide and can be easily seamlessly integrated with all major enterprise systems to enable important mobile processes (asset management and work management).
Finally, K2F re-distributes the Total mobile solution from the UK which is a planning and scheduling tool.
As on May 7th, 2019, the company executed an agreement to acquire (all-cash AUD 450k) Prodmark Pty Ltd, based in South Africa and its associated assets relating to the RCubed Resources and Reserve Reporting software. It was a complimentary acquisition and well matched to K2fly’s business strategy.
Source: Investor Presentation May 2019
Thus, complementary software solution offerings, Infoscope and RCubed, are projected to underpin K2fly’s long-term strategy to enable Resource companies to manage their environmental, social and governance (ESG) responsibilities by delivering sustainability reports that reinforce their social license to operate, as also illustrated above.
Overall, the expanding product profile and the latest bolt-on acquisitions augur well with K2F’s strategic ambition, and this also adds to the intellectual property base of the company.
With around 75.35 million outstanding shares, K2F stock is trading at a price of AUD 0.115 as on 28th May 2019 (As at 2:45 PM AEST).
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is sponsored but NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. We are neither licensed nor qualified to provide investment advice through this platform.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.