Knosys Limited Extends Contract with Healthdirect Australia for Knowledge Management Solutions
KNO (KNO) Share Update November 2024 Wednesday 20th
Knosys Secures Two-Year Contract Extension with Healthdirect Australia
Knosys Limited (ASX: KNO) has announced a significant two-year contract extension with Healthdirect Australia, ensuring the continued use of its KnowledgeIQ platform.
Instant Summary:
- Two-year contract extension with Healthdirect Australia.
- Contract value expected to exceed $400,000.
- Knosys' KnowledgeIQ platform continues to support Healthdirect's virtual health services.
Contract Extension Details
Knosys Limited, a global SaaS information technology company, has secured a two-year contract extension with Healthdirect Australia. This extension is valued at over $400,000 and will see the continued use of Knosys' KnowledgeIQ platform.
Healthdirect Australia plays a crucial role in providing virtual health services across the nation, operating multiple helplines and digital health tools. The organization is funded by both the Australian Government and the states and territories, highlighting its importance in the healthcare sector.
About Knosys
Knosys is headquartered in Melbourne and operates internationally, offering expertise in managing information and knowledge. Their solutions, including library management, knowledge management, and intranet solutions, help businesses optimize their information assets.
John Thompson, Managing Director of Knosys, expressed enthusiasm about the extension, emphasizing the ongoing partnership with Healthdirect Australia.
This contract extension reinforces Knosys' position as a key player in the knowledge management sector, particularly within the healthcare industry. The financial boost from this contract is likely to have a positive impact on Knosys' revenue stream, potentially enhancing investor confidence and market performance.
Investor Reaction:
Analysts are expected to view this contract extension favorably, as it demonstrates Knosys' ability to maintain and grow its client base. The steady revenue from this contract could be seen as a stabilizing factor for the company's financial outlook.
Conclusion:
Investors should consider the implications of this contract extension on Knosys' future growth and stability. As Knosys continues to expand its influence in the knowledge management sector, monitoring their strategic developments will be crucial for stakeholders.