Successful software entrepreneur with £105m exit, now CEO of fast growing ASX SaaS company

August 24, 2020 | Software

Brian Miller was a Co-founder of AMT-Sybex, which was acquired by Capita Plc for £105m.

AMT-SYBEX creates enterprise asset management software solutions and provides associated services to infrastructure, energy retail, transport, water, nuclear, retail, aviation, and energy industries. It offers Ellipse application to manage the asset life cycle, from design, work management, and maintenance through to replacement planning. The company turned over $55m per year with a profit of $16m at the time of being acquired.

Brian is now the CEO of K2Fly, which is listed on the ASX under the ticker ASX:K2F.

K2Fly provides Software-as-a-Service (SaaS) solutions to the mining industry. In particular, K2Fly provides Environmental, Social and Governance (ESG) software solutions for miners. ESG is considered the most important and biggest risk to mining companies globally.

Its latest quarterly report states that Annual Recurring Revenue (ARR) is growing at a Compound Annual Growth Rate (CAGR) of 177% (AUD800k to AUD2.36m) while Total Contract Value has a CAGR of 633% (~AUD1m to AUD7.5m).

As at 21 August 2020, its Market Capitalisation was approximately AUD30m (34c per share) on the ASX.

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