Enterprise knowledge management software provider, Knosys, has raised $4 million, and can now list on the ASX.
The company raised the money by issuing 20,000,000 shares at $0.20, to achieve a market cap of $15.6 million.
The Software-as-a-Service company focuses on information management. The Knosys Platform provides a user centric, multi-device consolidated view of an organisation’s information sources.
Knosys claims that it delivers sales, productivity and satisfaction improvements across large or small organisations. The platform is delivered in the Cloud or on premise.
Founder and executive chairman, Gavin Campion, said the company had been working very hard over the last few months to reach the milestone, and has picked up key clients already - one of the four large banks, and channel partners Optus and Go Cloud IT Asia. It has also attracted new management talent.
“We have been delighted to attract new executives of the calibre of Ashley Gall as CEO and Stephen Kerr as CFO. We have also strengthened the board with the appointment of the Honourable Alan Stockdale as Chairman," he said.
Gall said that the company will be channel focused.
"We are wholly focused on new business and supporting our channel partners’ sales efforts," he said.
"Knosys has an active pipeline through our channel partners and we expect to have a range of announcements, updates and developments in the coming months, which will greatly assist in rapidly growing the business from its current level."