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Knosys Limited (ASX:KNO)

ALERT: Price-sensitive ASX Announcement for KNO
Current share price for KNO : $0.025 0.002 (8.70%)+
Announcement
Release
19 Jan 2026 8:37AM
Price at Release
$0.023
Full Release
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Summary
Knosys Limited announced that its subsidiary, Greenorbit Pty Ltd, has entered into an agency agreement with Oak Engage Limited to introduce the Oak Platform to Greenorbit's customer base. This agreement allows Greenorbit to offer the Oak Platform as an upgrade from or replacement for the current Greenorbit intranet solution. Initially, Greenorbit will act as an agent for Oak for two years, introducing the platform to its customers, and will manage billing and collection. After this period, Oak will assume direct customer and billing relationships. Knosys aims to provide updated and market-relevant solutions without developing in-house, thereby benefiting existing customers and shareholders.
Key Points
  • Knosys Limited's Greenorbit signs an agency agreement with Oak Engage.
  • Greenorbit will introduce the Oak Platform to its customers as an upgrade or replacement.
  • The agreement spans an initial two-year period for Greenorbit to act as Oak's agent.
  • Greenorbit will manage billing and collection for Oak during this period.
  • Oak will remunerate Greenorbit for customer migrations based on annual recurring revenues.
  • Customers not migrating will remain on their current Greenorbit platform terms.
  • This agreement aligns with Knosys' strategic focus on library and knowledge management solutions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.