Formpipe receives order from a Swedish authority worth SEK 1.5 million

Formpipe receives order on the ECM product W3D3 from a large Swedish authority. The order extends the authority's existing use of W3D3 as cloud service, the total order value amounts to SEK 1.5 million over a three-year period.

“We have a great deal of satisfied reference customers and the market's strongest product offering with standard eGovernmet functionallity. Revenues for our cloud services are 100 percent recurring, creating predictable revenue streams”, says Christian Sundin, CEO of Formpipe.

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, December 18, 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 Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ OMX Nordic, Small Cap.