• Simplifying portfolio to focus on global-leading library solutions
• Libero library management system driving growth with expansion into new markets
• Accelerating investment in AI-powered features and mobile capabilities

Knosys, a leading information and knowledge technology company, is unveiling its growth strategy to transform into a global-leading library solutions provider. The company currently operates a portfolio of SaaS solutions, including knowledge management, intranet, and library management. As part of its strategic pivot, Knosys plans to simplify its product offerings and prioritize its software solutions and services for the library technology (LibTech) market. This low-risk transition will see Knosys minimize investment and operating expenses for its knowledge management and intranet solutions, while leveraging their stable revenue to fund the growth of its Libero library management system (LMS). Libero is positioned to be the core driver of Knosys' future growth, with the company aiming to transition it to a Tier 1 player in the fragmented LMS market within the next five years. Knosys sees significant expansion opportunities for Libero, both geographically and across public, academic, and specialty library segments, with a total addressable market valued at $1.2 billion. The company is executing on an ambitious product roadmap for Libero, introducing new features such as event and resource booking, enhanced discovery and member experience, and a mobile app. Knosys is also investing in AI-powered capabilities to drive efficiency and productivity within library operations. With a stable foundation of recurring revenue, strong industry tailwinds, and successful execution on its product roadmap, Knosys presents a compelling investment thesis as it positions itself to become a market leader in mission-critical library technology.

Knosys expects the proportion of total revenue from its Libero library management solution to increase over time, as the company focuses on this as its core growth driver.

Knosys is targeting a strategic pivot to become a global-leading provider of library technology solutions, with a focus on expanding its Libero platform into new markets and enhancing it with AI-powered features and mobile capabilities.