Maptek has announced a strategic investment in Western Australian-based K2fly, a leading provider of resource governance solutions for net positive impact in Environmental, Social and Governance (ESG) compliance, disclosure and technical assurance, it said.
K2fly solutions aim to improve the transparency, sustainability and performance across a range of measures such as governance, environmental and community engagement through its platform-based SaaS cloud reporting solutions, Maptek says.
As part of the investment Maptek Chairman, Peter Johnson, will join the K2fly board as a Non-Executive Director.
“Maptek is very pleased with the opportunity to become a strategic investor in K2fly,” Johnson said. “We have a long and successful history of delivering technical solutions that increase the accuracy, safety and efficiency of decision-making for miners.
“K2fly solutions complement our approach, enabling our customers to interact with all stakeholders including local communities, traditional owners, the investment community, regulators and the environment in an improved fashion.
“They do this by leveraging technology to ensure the ESG and reporting expectations of the community are met, as well as providing a sustainable platform for enhancement.
“K2fly is the leader in the field of creating and delivering the technology solutions to enable that, and sharing our expertise is the ideal way for Maptek to support that effort.”
Jenny Cutri, Non-Executive Chair of K2fly, welcomed Maptek as a strategic investor in K2fly and Johnson to the K2fly Board.
“The investment by Maptek makes it K2fly’s largest investor and represents a significant validation of the K2fly business and growth outlook by the world’s largest privately held mining software business,” Cutri said.
“On behalf of K2fly and the Board, we very much look forward to working with Peter and Maptek as we continue to grow the K2fly business.
”Peter’s wealth of knowledge in applying and scaling innovative technological solutions in the mining sector into sustainable and profitable businesses will be invaluable to K2fly. Further, our solutions are adjacent and there are many opportunities for collaboration.”