FormPipe Software receives order from a Danish government agency worth SEK 1.5 million

FormPipe Software’s subsidiary Traen receives a supplementary order on the Grants Management product TAS from a Danish government agency. The total order value amounts to SEK 1.5 million of which SEK 1 million consists of license revenues.

“In the public sector in Denmark, there’s an increased demand for cost-effective IT solutions that creates greater accessibility, increased automation and improved efficiency. Demand for our products and solutions in the Danish public sector remains strong and as our customers learn the wide range of uses for our products, it also brings added license sales to the Company”, says Christian Sundin, CEO of FormPipe Software.

FormPipe Software subsidiary Traen develops and implements among others standard systems for Grant Management. Traen has many years of experience in Grant Management in the public sector. Every year more than 20 billion Danish crowns are distributed through Traens applications.

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

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 Wednesday, 27 March 2013.

ABOUT FORMPIPE SOFTWARE
FormPipe Software 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 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.