Skkynet Cloud Systems Inc (NASDAQ: SKKY) is an industrial software and services company that provides secure connectivity and real-time data acquisition between industrial automation systems and cloud or remote networks. Revenue comes from software licenses, cloud service subscriptions, and consulting fees tied to industrial connectivity products, primarily the Cogent DataHub and the Cogent DataHub service for Microsoft Azure. The company is headquartered in Mississauga, Canada, incorporated in Nevada, and has served more than 3,000 customers across industries including aerospace, energy and utilities, food and beverage, chemicals, and healthcare and pharmaceuticals, as disclosed in the FY2025 10-K filed January 27, 2026. Distribution runs through approximately 35 partners worldwide, with technology partnerships including Siemens Mobility and AVEVA. Patented outbound-only connection technology is the core differentiator, allowing plant networks to transmit data to cloud systems without opening inbound firewall ports or deploying VPNs.

Revenue model

Revenue is generated through three streams: perpetual or licensed sales of on-premises DataHub software, subscription fees for the Cogent DataHub cloud service hosted on Microsoft Azure infrastructure, and consulting fees charged at market rates for system configuration and integration services. The cloud service is also available through the Azure Marketplace.

Products and services

Core products include the Cogent DataHub software (on-premises), which connects OPC, DDE, Modbus, and MQTT data sources for real-time industrial data integration, and the Cogent DataHub service for Microsoft Azure, a fully managed cloud service offering scalable remote networking of SCADA systems, real-time bi-directional data flow, data logging to ODBC databases, store-and-forward capabilities, and integration with Azure IoT Hub, AVEVA Historian, OSIsoft PI, InfluxDB, Apache Kafka, Amazon Kinesis, and Databricks. Additional features include multi-factor authentication, permission granularity controls, data redundancy, and network monitoring.

Customers and end markets

More than 3,000 customers served as of the FY2025 10-K (filed January 27, 2026), spanning aerospace, automation and control, chemicals, communications, education, engineering, energy and utilities, financial services, food and beverage, government and municipal, healthcare and pharmaceuticals, and additional industrial sectors. The company maintains an opt-in contact list of over 10,000 customers and contacts.

Value-chain role

Skkynet sits between industrial plant-floor systems and cloud or remote enterprise applications, acting as a secure data bridge. It does not manufacture hardware; it provides software and managed services that connect existing SCADA and industrial control systems to cloud platforms and third-party applications without requiring hardware changes or IT firewall policy modifications on the plant network. Cloud infrastructure is subcontracted from Microsoft.

Geographic exposure

Headquartered in Mississauga, Canada. Operates through subsidiaries including Cogent Real-Time Systems Inc, Skkynet Inc (USA), and others. Maintains approximately 35 distribution partners worldwide. The 10-K does not disclose a specific revenue breakdown by geography.

Source: SEC 10-K, filed 2026-01-27

Industry: Services-Prepackaged Software Peers: Sphere 3D Corp