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A technology company, K2fly Ltd (ASX: K2F) provides innovative software solutions and consulting services that enable its clients to optimise their physical and data asset values. The technologies of the company help organisations in managing and maintaining their asset data to deliver more effective outcomes. The company operates in multiple asset intensive sectors that continue to develop and face new challenges solved only with the technology adoption.
Through its solutions, the company is powering essential industries like mining, infrastructure and utilities. The company generates revenue from three distinct yet complementary segments; K2fly Owned Software, Third Party Software and Consulting.
The group licences its proprietary software, Infoscope, a Land Management and Stakeholder Relations solution for the Energy and Resources market. The company recently executed a Reseller Agreement, whereby Esri Australia Pty Ltd , Australiaâs leading GIS technology provider, will distribute its Infoscope application and act as a reseller of the Infoscope solution.
The companyâs team is headed by Mr Brian Miller who is serving as the CEO of the company. In his 30 years of experience in the IT sector, he has worked closely with various UK industry regulators and has established an extensive network of contacts in the asset-intensive sectors, making him a great fit for K2flyâs management team.
The companyâs Board of Directors also include Ms Jenny Cutri who is a highly experienced Legal Practitioner, currently serving as Non-Executive Chairman at K2fly. She has over 20 years of experience working in both the private and public sectors. Previously, she served in various significant roles in large institutions like ASX and ASIC. She served as Assistant Manager, Listings Compliance at ASX for seven years and has also served as National Disclosure Supervisor, WA Compliance Manager and Senior Legal Officer with ASIC.
The companyâs other Director, Mr James Deacon is a highly experienced individual with plenty of experience in working with a number of industries, including utilities, mining and airlines. Before joining K2fly Ltd, he has served in various senior level roles in Horizon Power, US Airways and the Department of Foreign Affairs in Washington and besides that, he has a proven track record of successful business transformation in IT services across various industries, including utilities, mining and airlines, making him an integral part of the companyâs Board.
The companyâs Board of Directors also includes Mr Neil Canby who has a BA (Hons) degree in Accounting and Financial Management. In his extensive experience, Mr Neil Canby held various senior-level positions in different types of industries, including energy and utilities Industry. Currently serving as a Non-Executive Director at K2fly, Mr. Neil Canby is making a significant value addition to K2flyâs Board.
The company believes that it possesses the required leadership, people, products and strategic alliances to become a âdigital enabling partnerâ for Tier 1 asset-intensive clients.
At market close on 13th May 2019, the stock of the company was trading at a price of $0.120, with a market capitalisation of $9.01 million.
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