K2fly (ASX:K2F) receives $1.2 million software order from Fortescue Metals (ASX:FMG) – The Market Herald

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  • K2fly (K2F) receives orders for software development services from Fortescue Metals (FMG) worth $1.2 million
  • The company’s most recent contract is for the provision of software development services, which will be billed on a time and material basis over a six-month period.
  • K2F says Fortescue uses many of its platform solutions and now hires the company for other software development services within the company
  • K2fly is up 14.3% and trading at 20 cents at 2:11 p.m. AEST

K2fly (K2F) has received orders for software development services from Fortescue Metals (FMG) worth $1.2 million.

K2fly strives to provide a suite of solutions including natural resource governance, mineral resource governance and technical assurance on a single platform.

The solutions aim to address industry challenges and help manage risks related to clients’ social license to operate reporting and governance, reputation and disclosure requirements.

The company’s most recent contract is for the provision of software development services, which K2F says will be billed on a time and material basis over a six-month period.

K2fly CEO Nic Pollock said the company is excited to work with Fortescue in a number of areas of the business.

“Fortescue uses a number of our platform solutions and additionally has engaged us for software development services in other areas of their business,” he said.

“These services are additional one-time revenue for K2fly and are also generated from time to time with other K2fly customers.”

K2fly was up 14.3% and trading at 20 cents at 2:11 p.m. AEST.

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