Knosys Limited announced that Optus has signed a two (2) year contract extension for the continued use of Knosys' market leading knowledge management platform KnowledgeIQ. The value of the contract over the entire period is expected to be $2.075 million. Optus continues to demonstrate a desire to support innovative Australian technology businesses like Knosys through this ongoing business relationship. In addition to extending the Knosys contract,
Optus will upgrade its system to the latest release of KnowledgeIQ during the next six months in order to benefit from its new features. This contract extension combined with other recently announced wins with Service Tas and Service SA positions the company well this financial year and the next with a strong recurring knowledge management revenue profile. With this stable and growing recurring revenue base, Knosys is now looking to invest in several initiatives to drive further sales in FY22 and beyond.