Kami

Executive Summary

Kami is a leading education technology business based in Auckland that runs a highly profitable software service. This service allows teachers and students to write on and edit digital documents together in the classroom. The company serves more than 40 million people around the world, mostly focusing on schools in the United States, Australia, and New Zealand. The business brings in $60 million in yearly sales and keeps $5 million in clear profit, which is an impressive feat for this type of industry. More than 90 percent of their customers choose to pay for the service again every year. Kami has successfully moved from being a tool used during school closures to becoming a permanent part of daily learning that works inside systems like Google Classroom and Canvas. While the company must deal with a slowing market for learning tools and the difficulty of managing global sales teams from a New Zealand office, its ability to grow without wasting money is a major advantage. This initial stock offering is a rare chance to buy into a top company that grew large with very little outside investment. Potential buyers must decide if the strong market position justifies a high stock price based on the current level of total sales recorded by the business.