K2fly extends FMG connection

K2fly has extended its involvement with Australian iron ore major Fortescue Metals Group, booking orders worth A$1.2 million for the provision of software development services.

FMG is among several mining heavyweights using multiple K2fly software products.

The ASX-listed technology company provides “platform-based” software-as-a-service (SaaS) products for environmental, social and governance (ESG) compliance, disclosure, and technical assurance reporting.

FMG was listed earlier this year as a user of K2fly’s land access, heritage management and ground disturbance reporting modules.

“We pleased to be working with Fortescue across a number of areas in the business,” K2fly CEO Nic Pollock said.

“Fortescue [is] using a number of our platform solutions and in addition, have engaged us for software development services in other areas of their business. These services are additional one-off revenues for K2fly and are also generated from time to time with other K2fly clients.”

K2fly’s share price (ASX: K2F) was up more than 14% in early trade Wednesday, capitalising the company at about A$34 million.

 

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