Knosys Limited announce that ANZ Bank has signed a three (3) year contract extension for the continued use of Knosys' Knowledge Management solution, KnowledgeIQ. The value of the contract over the 3 years is expected to exceed $5 million. In addition, ANZ Bank has committed to a series of upgrades to the latest release of KnowledgeIQ to benefit from its new features.

This contract extension, combined with other recently announced wins and renewals, positions the Company well for FY23, with a strong and growing recurring revenue stream. Knosys now has a large customer base, a portfolio of SaaS solutions delivering strong recurring revenues and the opportunity to grow domestically and internationally. In FY23, the Company expects continued top line growth, with a focus on disciplined cost control and increased operating leverage.