Non cash write down of the original RTO assets ie Docman, Tagman etc. The original shell effectively acquired those K2 software products but it’s clear that’s not where the value of this business is. So that narrow class of assets has been written down in balance sheet, impacting P&L.
Future is definitely Infoscope, 3rd party software, consulting plus new product offerings / acquisitions as per recent commentary. So yep, as expected.
That interview with Brian is quality.
Ann: Appendix 4E, page-4
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