FormPipe Software gets license order from the municipality of Linköping worth SEK 2.9 million

FormPipe Software obtained a follow-on order from the municipality of Linköping for more licenses for their ECM product, FormPipe W3D3. The order value to FormPipe Software is SEK 2.9 million.

“Municipalities in Sweden often select FormPipe Software’s products as their platform for the next generation of e-government. We are proud to have Sweden’s largest municipalities continue to invest in our products. As our end users learn the wide range of uses for our products, it also brings added license sales to the Company,” commented Christian Sundin, CEO for FormPipe Software.

Revenues of SEK 1.8 million will be recorded in Q2 2012, while maintenance revenue will be allocated throughout the agreement period.

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.

For additional information, contact:
Christian Sundin, CEO of FormPipe Software AB, +46 705 67 73 85

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 Tuesday, 19 June 2012.

ABOUT FORMPIPE SOFTWARE
FormPipe Software develops ECM products 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 Software was founded in 2004 and has offices in Stockholm, Uppsala and Linköping in Sweden, and in Copenhagen, Denmark. The FormPipe Software share is listed on NASDAQ OMX Nordic, Small Cap.