Knosys wins $A6M deal with Singtel & Optus

Listed Australian firm Knosys has entered into an $A6.1 million multi-year contract with Singapore Telecommunications Limited (“Singtel”) and its Australian subsidiary Optus for the deployment of the Knosys knowledge management platform, KnowledgeIQ.

The agreement follows a competitive tender process commenced by Singtel in June 2017 with the contract term to span 5 years and 3 years respectively for Singtel and Optus. Knosys will commence project activities immediately with a “Go-Live” date for both Singtel and Optus scheduled for the first half of 2018.

This win represents the largest ever single contract for Knosys, expanding its footprint into the Telecommunications sector and firmly within Singapore.

John Thompson, CEO of Knosys, said: “Knosys was able to achieve this win against immense local and international competition in Singapore. This will be a significant reference site for the Company in the critical Singapore and wider South East Asian market and Knosys will look to continue to expand its information and knowledge management business there.”

“This contract illustrates the value we can add to many customers and the superiority of our market leading KnowledgeIQ technology. We can enable our customers to drive extra revenue, save them time and expense, and allow them to make more informed decisions.”

“We are on target to achieve our double-digit user growth target for FY18 which I know our investors have been patiently waiting for. This is a fantastic step in our ambition to build Knosys into a premier software vendor of cognitive information, knowledge and analytic solutions globally.”

The Knosys KnowledgeIQ platform is an enterprise-grade, knowledge management solution that enables companies through a machine learning approach to discover and deliver personalised information to staff and customers to transform productivity and engagement. KnowledgeIQ is curated information using Artificial Intelligence (“AI”).