Formpipe receives order from a Swedish municipality worth SEK 1 million

Formpipe receives an order regarding an add-on product for digital meeting management from a larger Swedish municipality. The total order value amounts to SEK 1 million.

“Public sector puts a major focus on digitalizing their operations. Our product for digital meeting management is an add-on module, integrated with our products for case- and document management both on the Danish and the Swedish market. This gives us a large customer base in need for the solution and the customer shows a great interest in the product” says Christian Sundin, CEO of Formpipe.

Of the total order value, license revenues of SEK 0.7 million, are recorded in fourth 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 Friday, November 27, 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.

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