Enea signs a large multi-year contract worth 21.2 MEUR
Stockholm, Sweden, July 9, 2019 Enea® (Nasdaq Stockholm: ENEA) Enea has renewed a frame agreement worth 21.2 MEUR with one of its key customers, a leading global telecom equipment provider. The agreement covers Enea’s operating system products OSE, OSEck as well as Enea Linux. The contract gives predictable and recurring revenues distributed over four years with an initial increase, followed by a yearly decline (-21%, 2019-2022 CAGR), in line with the customer’s expected increased usage of open source software. “I am very pleased to announce this deal, which secures significant