STTCOMP KNO , FA Long
Technology Market cap $12m
KNO is a technology business that listed around 12 months ago
They have a technology that allows large business and government agencies source data from the multiple systems it has, at the one site.
This is particularly valuable for large sales businesses and banks , who have up to 50 different systems and accessing the data is a matter of getting transferred on the phone from department to department for simple processes a customer service operator should be able to do at one site.
ANZ was the cornerstone major client and has I believe 10,000 licenses (sites ) so if you call an ANZ employee, or go to a branch the user has access to all the information on your file rather than the historic problem where they did not , and had to call head office call each department etc.
Today an announcement has been lodged which further confirms this technology is a winner , Citic Singapore , have been trialling the service in a small scale to assist their sales force cross sell . Citic is a division of Chin's largest telco , with over 100,000 sales employees. Confirmation this is moving to a commercialisation in Singapore is a massive step forward to cash flow positivity in the current year in my view
KNO operate on the same model as Atlassian , a monthly fee per license , the more users the more income, and it is renewal income, as one the system is operational it seems to me difficult to war to go back to the dark ages of not having access to all your data in one screen
For me KNO at the current price is worth a look for the STT competition
Recent prices are near all time lows , the highs we're around 50 cents , so on that basis this news should see them over time move in that direction
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