Enea signs 800 KUSD service deal with US secure payment company
Total deal value estimated to 4.2 MUSD.
STOCKHOLM, Sweden, June 12, 2013 – Enea® (NASDAQ OMX Nordic:ENEA) has signed a master agreement with a leading US provider of secure electronic payment solutions. In the first phase, valued at 800 kUSD, Enea will provide consultants to be engaged in various development projects in the customer’s R&D organization. A substantial share of the consultants will work with Linux related development. The engagement will gradually ramp up to include 40 full time consultants in US and Romania. The potential contract value for the first year is estimated to 1.2 MUSD with an extension valued to 3.0 MUSD.
“Enea’s long experience of advanced communication solutions was a key decision factor.”,says Bogdan Putinica, SVP Global Services at Enea. “The customer wanted a supplier that understands their market challenges as well as their technology. Enea’s bridged services concept offers a flexible model with high skilled resources to a low cost.”
“We are very proud of being selected for a large Linux service project.”, says Anders Lidbeck, President and CEO for Enea. “It’s a proof that our bridged service model is successful, but it’s also a proof that we have gained customer trust in the Linux technology area. We understand how to build communicating systems, regardless if it’s incorporated in a base station or a secure payment terminal.”
The information in this press release is such information as Enea AB (publ) shall publish in accordance with “lagen om handel med finansiella instrument”, the Act on Trading in Financial Instruments. The information was submitted for publication on June 12, 2013 at 7:30 am CEST.
For more information visit www.enea.com or contact
Anders Lidbeck, President & CEO
E-mail: anders.lidbeck@enea.com
Catharina Paulcén, SVP Marketing & Communications
Phone: +46 8 507 14 133
E-mail: catharina.paulcen@enea.com
About Enea
Enea is a global vendor of Linux and Real-time operating system solutions including middleware, tools, protocols and services. The company is a world leader in developing software platforms for communication-driven products in multiple verticals, with extreme demands on high-availability and performance. Enea’s expertise in operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. The company’s vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia, and is listed on NASDAQ OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at info@enea.com.
Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2013.
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