Formpipe receives a supplementary order on the ECM product Platina from a Swedish authority. The total order value amounts to SEK 2,1 million.
The Authority intends to consolidate the document and case management with Platina as a standard ECM-platform, and thereby creating synergies.
– Our customers have more and more of a long-term perspective when investing in our products. Confidence in Formpipe in the public sector is high and we continue to generate steady revenue stream for the company, says Christian Sundin, CEO of Formpipe.
Of the total order value, license revenues of SEK 1.5 million are recorded in second quarter of 2014, while associated revenue will be allocated throughout the contract period.
For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85
This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.
The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, June 30, 2014.
Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company’s software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Stockholm, Uppsala and Linköping in Sweden, and in Copenhagen, Denmark. The Formpipe share is listed on NASDAQ OMX Nordic, Small Cap.