Enea signs a software development and licensing contract worth 5.1 MUSD
STOCKHOLM, Sweden, 18 Dec, 2009 Enea (NASDAQ OMX Nordic:ENEA) today announced an agreement with a global solutions provider worth 5.1 MUSD. The customer will utilize Enea's US consulting business to develop financial solutions. Enea® System Manager, a solution for configuring hardware and software assets, and the Enea® Element Application Development Framework will also be included in the project. Element is a middleware platform, that in simple terms can be described as the software connecting the operating system with the applications.
"This is a significant deal for Enea. To sign a deal this size when the market climate continues to be weak shows how important Enea is for the customers product development." says Per Åkerberg, President and CEO for Enea. "Today's agreement is also an excellent example of how we can leverage our strong position and skills in the telecom industry for communication intense solutions in other industries.
The total value of 5.1 MUSD is split between consulting services, software license and maintenance. The customer will also pay royalty for each system sold. The royalty value is difficult to estimate and Enea has chosen not to communicate an estimated value of this future revenue stream from this customer.
For more information
Per Åkerberg, President & CEO
Phone: 46 8 50 71 40 00
Email: per.akerberg@enea.com
Catharina Paulcén, VP Corporate Communications
Phone: 46 8 50 71 40 00
Email: catharina.paulcen@enea.com
About Enea
Enea is a global software and services company focused on solutions for communication-driven products. With 40 years of experience Enea is a world leader in the development of software platforms with extreme demands on high-availability and performance. Enea's expertise in real-time operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. Enea's vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia. Enea 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® Flashlite, Enea® dSPEED Platform, Enea® System Manager, Accelerating Network Convergence(TM), Device Software Optimized(TM) 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 2009.
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