Australian-listed regulatory technology company Kyckr has signed a content agreement with IBM New York for the use of Kyckr’s services in IBM client projects globally.
Under the agreement, IBM will offer Kyckr’s primary source registry data and capabilities in the delivery of projects to new and existing customers globally.
According to Kyckr, (ASX:KYK) its ability to provide primary source registry information to assist with cleansing, on-boarding and ongoing company monitoring provides an important point of differentiation for IBM to provide to its clients.
The agreement will see Kyckr earn revenue on a project basis, with IBM already identifying a number of clients that require Kyckr’s data remediation services.
{loadposition peter}David Cassidy, managing director of Kyckr, said: “The execution of the content agreement with IBM sets in place the platform to take us to IBM’s customers globally.
“IBM is a global aggregator with significant sales force and delivery capabilities. It is expected that Kyckr’s most valuable channel is through global aggregators, with many others to target and close.”
Cassidy says IBM joins Kyckr's “increasingly bluechip” stable of customers, including Citi Group, Bank of Ireland and Bloomberg.