Place: Kalkine Media Headquarter, Sydney, Australia

July 04, 2019

K2 Company Overview:

K2fly Limited (ASX: K2F), based in Subiaco, Western Australia, is a consulting systems integrator focussed on digital transformation and process improvement across a range of industries like Rail, Electricity, Water, Mining, Oil & Gas, and Facilities Management worldwide. K2fly’s business is broadly classified into three key operational areas: owned software, 3rd Party software, and consulting services. The company’s CEO is Mr. Brian Miller & the registered office is located in Subiaco, Australia.

K2fly provides various solutions (SaaS-based), tailor-made and customised to suit the specific needs of individual businesses.

Data Collaboration & Visualisation :
Under this category, K2fly offers the Infoscope Enterprise Land Management System, which is its proprietary software acquired in July 2017 and subsequently ported to the SAP Cloud Platform within six months of initial discussions. Infoscope’s client base includes major corporates like Fortescue Metals Group (ASX: FMG), Mineral Resources (ASX:MRL)The National Trust, APIM and Westgold Resources (ASX:WGX).

Essentially, Infoscope is a data collaboration platform that specializes in the connection of disparate data sources and assembles the different information layers to create a visually presentable data that is easily configured and accessible. It was designed and developed to address a pressing corporate problem – information silos.

The solution is directly and widely applicable to the resources, utilities, infrastructure, environment & biodiversity, and cultural heritage sectors. It supports the desire of large-scale organizations to demonstrate their ‘Social Licence to Operate’ in the environment's key to their business operations.

Mobility Solutions :
The company’s globally renowned mobility solutions are flexible, scalable and offer innovative mobile experiences. K2fly has collaborated with various industry-leading consultants which possess the expertise to support business agility and efficiency.

A reseller agreement was signed with Kony Inc. in August 2017, for its low-code cross-platform solution that empowers organizations to develop and manage their own apps to better engage with customers, partners, and employees. It has ~ 500 customers in 50 countries.

In addition, K2fly offers Affinity Fieldreach enterprise mobility solutions in partnership with AMT-Sybex. It is licensed on over 50k devices in organizations worldwide and can be easily seamlessly integrated with all major enterprise systems to enable important mobile processes (asset management and work management).

Finally, K2F re-distributes the Total mobile solution from the UK which is a planning and scheduling tool.

Stock Performance:

As on May 7th, 2019, the company executed an agreement to acquire (all-cash AUD 450k) Prodmark Pty Ltd, based in South Africa and its associated assets relating to the RCubed Resources and Reserve Reporting software. It was a complimentary acquisition and well matched to K2fly’s business strategy.

Thus, complementary software solution offerings, Infoscope and RCubed, are projected to underpin K2fly’s long-term strategy to enable Resource companies to manage their environmental, social and governance (ESG) responsibilities by delivering sustainability reports that reinforce their social license to operate, as also illustrated above.

Overall, the expanding product profile and the latest bolt-on acquisitions augur well with K2F’s strategic ambition, and this also adds to the intellectual property base of the company.

With around 75.35 million outstanding shares, K2F stock is trading at a price of AUD 0.115 as on 28th May 2019 (As at 2:45 PM AEST).

Company Source: Kalkine Media