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Company News
Market wrap: rally continues despite disappointing mining stocks
A broad-based rise in banking, healthcare and technology stocks helped to overcome disappointing share price falls by miners dragged down by lower commodity prices. By the market close on Friday the ASX 200 finished up 0.3% or 26.6 points higher at 7796 points, representing a 0.9% gain for the week after the Reserve Bank held […]
K2fly board, major shareholders endorse $38m buyout offer from Accel-KKR
K2fly (ASX: K2F) has entered into a $38 million binding scheme implementation deed with a wholly-owned subsidiary of tech-focused investment firm Accel-KKR. The K2fly board and major shareholders have backed a scheme of arrangement under which Accel-KKR will acquire 100% of the shares in K2fly for $0.19 cash per K2fly share. The takeover offer follows the […]
K2fly signs two new companies to RCubed resource governance solution
Perth-based software company K2fly (ASX: K2F) has signed a five-year Software-as-a-Service contract with Canada’s Kinross Gold Corporation for its RCubed resource governance solution across eight of Kinross’ operating mines and one development project. The $1.1 million contract is the first to be driven from K2fly’s US office which opened in January to support the company’s […]
Gold Fields Australia to integrate K2fly’s RCubed resource governance solution
Software company K2fly (ASX: K2F) has unveiled a new commercial contract that will see miner Gold Fields Australia harnessing its RCubed software platform to help manage its global operations and major projects for the next five years. According to K2fly, the total contract value of the new deal is “initially in excess of $580,000” with implementation […]
K2fly kicks off new year with record raised invoices
Technology company K2fly (ASX: K2F) has kicked off the new year by unveiling its largest-ever quarterly raised invoice figure of $1.67 million, which is a 102% increase on the previous corresponding period. In a statement to the market earlier today, K2fly said it improved its invoicing figures to $1.67 million in the December quarter – […]
K2Fly nets Rio Tinto as latest software customer
Perth-based technology company K2Fly (ASX: K2F) has inked a $1.45 million deal with mining giant Rio Tinto (ASX: RIO) to implement its RCubed mineral resource and reserve reporting software across 20 sites globally. The total contract value includes the initial implementation fees and annual software subscriptions for a five-year term. The RCubed software will replace […]