Solteq has concluded a significant software deal with SOK consisting of Hospitality solution

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| Source: Solteq Oyj
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SOLTEQ PLC STOCK EXCHANGE ANNOUNCEMENT ON JUNE 18, 2014 AT 6 PM

Solteq Plc and Suomen Osuuskauppojen Keskuskunta have signed today a frame agreement, which enables Solteq to deliver services to S Group.

At the same time under this frame agreement Solteq and SOK have agreed on the delivery of Hospitality solution to SOK Travel and Hospitality business. The Hospitality solution consists of Microsoft Dynamics NAV and LS Nav Hospitality solutions. In addition to the delivery project agreement includes also life cycle and help desk services for the solutions.

Solteq estimates that the value of the Project is about seven million EUR spread over 2014-2017.

The deal has no impact on Solteq’s key figure forecast for the current year.

- The delivery project is significant for Solteq, and the agreement strengthens, in line with our strategy, our position as a specialist software house serving the retail and service sectors, states Solteq’s Business Unit Director Petri Lindholm.

 

Further information:

Suomen Osuuskauppojen Keskuskunta

Corporate CIO Raimo Mäenpää, +358 10 768 2260

Solteq Plc

Business Unit Director Petri Lindholm, tel. +358 400 420 583

CFO Antti Kärkkäinen, tel +358 40 8444 393 

 

SOK (Suomen Osuuskauppojen Keskuskunta) is a central firm owned by the cooperatives. It produces procurement, expert and support services for the cooperatives. SOK is also in charge of S Group's strategic steering and the development of the various chains. SOK's business operations supplement S Group's supply in Finland and the neighboring areas ia. in the Baltic region and in the city of St. Petersburg, Russia the supermarkets, travel industry and hospitality business

Solteq Plc is a Finnish software service provider to the retail and service sectors. We offer long-term partnership and the widest range of services in the market from the optimization of the entire supply chain to the management of consumer-customer information. Our technology independent solutions help our customers to make their operations more efficient and improve profitability. www.solteq.com