Formpipe renews agreements with the Danish Agrifish agency to an estimated value of SEK 250 million

The Danish AgriFish agency renews five frame agreements regarding the development, configuration, support and maintenance of Formpipe’s grants management solution TAP. The total value of the agreements is estimated to SEK 250 million over a four-year period.

The agreements are primarily concerning the development, configuration, support and maintenance for the existing AgriFish installations of the TAP product, but also include related services for other Formpipe solutions.

"Writing comprehensive agreements with several of the largest authorities in both Sweden and Denmark enables us to secure important revenue streams over time. The renewed agreements with the AgriFish Agency gives us secured revenues at similar levels as in the replaced agreements", 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 Friday, January 16, 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 OMX Nordic, Small Cap.