Formpipe receives an order for Long-Term Archive from a Swedish autohority. The total order value amounts to SEK 1.1 million.
“Authorities and municipalities is now clearly starting to invest in e-archiving products and Long-Term Archive is well positioned. Of the ten latest procurements Formpipe has received nine contracts” says Christian Sundin, CEO of Formpipe.
Of the total order value, license revenues of SEK 0.7 million are recorded in third quarter of 2015, 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
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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 Thursday, July 2, 2015.
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 Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ Stockholm.
