ASX tech stocks: K2F jumps on 5-year software contact with Sibanye-Stillwater

The tech leader today is K2fly (ASX: K2F) which jumped 7.84% after announcing it had signed a 5-year contract with Sibanye-Stillwater for its Decipher tailings management software.

Sibanye-Stillwater will deploy the solution globally at its 38 tailings facilities as part of its commitment to the International Council on Metals and Mining (ICMM) to comply with the global industry standard for waste management. residues.

The contract will generate annual recurring revenue of AU $ 475,000 and the total contract value is AU $ 2.85 million (including one-time implementation costs) over the initial five-year term.

The company said it is the fifth ICMM member to join the platform, demonstrating growing demand and growth potential for Decipher.

“This is our first solution with Sibanye-Stillwater and we are very proud to work with another precious metals producer and another ICMM member who take their ESG commitments very seriously,” said CEO Nic Pollock.

“K2fly now works with five of the ten largest gold producers in the world. “

Other ASX tech stocks with news today

Wireless technology company Etherstack jumped 4.62% following the announcement that its US subsidiary had secured a first order with telecommunications giant AT&T.

The order of $ 420,000 (~ $ 575,000) covers the supply of Etherstack software and hardware licenses, as well as associated integration and professional services.

ESK specializes in the development, manufacture and licensing of radio technologies for wireless equipment manufacturers and network operators around the world.

“We are extremely honored to have entered into our first direct agreement with AT&T,” said Etherstack CEO David Deacon.

“It is a great achievement for the Etherstack team and technology to be able to provide the largest and most venerable telecommunications company in the world.

“We look forward to building a lasting relationship based on this initial order. “

Cloud-based call recording and voice intelligence software company Dubber was up slightly today after announcing plans to acquire artificial intelligence technology company Notiv.

Notiv is a developer of innovative cloud-native AI-based products that turn meetings into notes, summaries, signals and transcribed actions.

The AU $ 6.6 million acquisition (cash and equity) is expected to increase the company’s revenue-generating capacity and expand Dubber’s customer base, DUB said.

Dubber CEO Steve McGovern said the company believes AI has “a role to play as a standard feature of every call and conversation.

“With Notiv, Dubber will now have the ability to automatically take notes and create actions on every call,” he said.

“We are confident that our telecom operator and service provider partners will see enormous potential for value-added, revenue-generating services for their large-scale customers. “

Notiv co-founder and CEO Chris Raethke said the ability to deploy Notiv globally with the world’s leading service providers is “an opportunity that should not be missed.”

“The chance to join Dubber’s growth journey right now and expand Dubber’s AI and NLP capabilities is exciting for all of us,” he said.

archTIS fell 3.94 %% today following the announcement of the acquisition of European customers, technology and operations of the software division of cybersecurity player Cipherpoint (ASX: CPT) .

The software division includes the intellectual property of cp.Protect, an advanced SharePoint on-premises data encryption solution, as well as cp.Discover, a data discovery and classification platform.

Existing CPT customers include DHL, Bank of Finland, California State University, Arthur J Gallagher, US DARPA, Singapore Power, Singapore Tote, and Acronym Media.

“The targeted acquisition represents excellent value for archTIS shareholders (approximately 3.8x current annual recurring revenues) with the delivery of many long-standing and leading customers and partners, as well as expanding markets. in Europe and Singapore, ”archTIS Global COO and US President Kurt Mueffelmann said.

“In particular, the asset purchases will provide archTIS with a unique data discovery and classification technology that complements NC Protect and can be used across our existing technology stack.

In addition, Cipherpoint’s industry-ready staff will easily integrate into our active offices in EU / America and strengthen our sales efforts in these markets. “

archTIS will pay $ 1.4 million in cash for asstas, with additional consideration of up to $ 1 million payable based on the total value of contracts awarded to archTIS as of March 31, 2022.


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