In a world where the proliferation of digital documents and cloud technology make managing paperwork both easy, and incredibly difficult to locate at times, document management tech company Knosys (ASX: KNO) has lined up another Government client, this time securing the Western Australia Director of Public Prosecutions (DPP) Office in a deal worth up to $985k.
The five-year deal, with two optional one-year extensions, brings Knosys’s knowledge management solution, KnowledgeIQ, into the DPP’s operations. The total contract value could reach up to $985k over a potential seven-year term if the Options are exercised.
This win strengthens Knosys’s reputation as a key technology provider in Australia’s government sector, particularly within legal and justice departments. It adds to their growing portfolio of public sector clients, which already includes the Victorian Office of Public Prosecutions.
“The Office of the Director of Public Prosecutions for WA ran a competitive tender process and it is pleasing that we were selected above our competitors to deliver this important project,” said Knosys Managing Director, John Thompson.
“This adds to our portfolio of local and state government agencies using our technology, with Knosys being the current vendor to the Victorian Office of Public Prosecutions.”
KnowledgeIQ is a platform designed to help organisations better manage and utilise their information and knowledge assets. It streamlines the organisation, access, and dissemination of knowledge within a company, ensuring that employees and stakeholders have the right information if and when they need it.
For the WA Office of Public Prosecutions, this means more efficient case management, enhanced collaboration among legal teams, and better handling of the vast amounts of legal information involved in prosecutions. The platform helps users connect information across departments, breaking down silos and enabling more informed decision-making. It also supports compliance by providing tools that ensure only authorised personnel have access to sensitive data, which is crucial for legal entities.
Businesses today are inundated with data from multiple sources—emails, reports, databases, and customer interactions. Knosys’s KnowledgeIQ provides a centralised hub where this data can be stored, indexed, and retrieved quickly and accurately.
In customer-facing sectors like financial services, Knosys’s platform has been implemented to improve call centre operations, reducing handling times and ensuring that staff have access to the latest information. Similarly, in healthcare, it supports better patient care by streamlining access to critical medical data and resources.
In FY24, despite softer trading conditions, the company stabilised its revenue at $9.6 million which was only marginally down on the previous year’s $9.9 million. KnowledgeIQ remains a core contributor, accounting for 40% of revenue, while other offerings such as GreenOrbit (intranet solutions) and Libero (library management solutions) are expanding the company’s footprint across different sectors and geographies.
At the profit level, Knosys reported $0.2 million in net profit after tax, inflecting into profit after recording a $2.2 million loss in FY23.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, bloodstock enthusiast and former Analyst.
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