Skkynet, operating primarily through its subsidiary Cogent, makes industrial software that connects machines, sensors, and control systems so manufacturers and other industrial operators can monitor and control processes remotely and in real time. The core product is the Cogent DataHub, software that sits on top of existing industrial control infrastructure — like SCADA systems — and securely moves real-time process data between plant-floor equipment, enterprise IT systems, cloud platforms, and third parties. Skkynet's patented approach uses outbound-only connections, meaning plant networks never need to open inbound firewall ports, keeping plant networks shielded from outside attack while still enabling bidirectional data flow. Skkynet sells to industrial end users across manufacturing, energy, chemicals, food and beverage, and pharmaceuticals, as well as financial services firms, reaching customers directly and through roughly 35 resellers and technical partners. Over 70% of revenue comes from software licensing, with the remainder from OEM licensing, maintenance renewals, custom integration work, and SaaS revenue from a cloud-hosted version of DataHub on Microsoft Azure. Licenses are sold on both perpetual and subscription bases, and the SaaS model — available on the Azure Marketplace — is the most recurring. The software is modular, with over 51 distinct features organized into product packs, allowing customers to pay for what they need and creating natural upsell opportunities. Skkynet's growth strategy centers on expanding its core industrial software business, growing cloud and SaaS adoption, and positioning DataHub as a data pipeline for industrial AI applications like predictive maintenance and process optimization.
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