Knosys (ASX:KNO) announced that its wholly owned subsidiary, Greenorbit (GO), has entered into an agency agreement with UK-based Oak Engage to introduce Oak's intranet and employee experience platform to GO’s customer base.
Greenorbit, which provides the Greenorbit intranet solution primarily to clients in Australia and the United States, accounts for around 30% of Knosys’ annual recurring revenue.
As Knosys focuses its development resources on its next-generation Libero library management solution while maintaining its knowledge management offerings, the agreement enables Greenorbit customers to access an upgraded, market-relevant intranet solution without requiring Knosys to invest in new intranet development.
Under the two-year agency arrangement, GO will introduce the Oak Platform to its customers and act as the billing and collection agent for Oak for migrated clients.