FormPipe Software receives order from a Danish municipality worth SEK 1.7 million

FormPipe Software’s subsidiary Traen receives a supplementary license order on the ECM product Acadre from a Danish municipality. The total order value amounts to SEK 1.7 million.

“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.

Of the total order value, license revenues of SEK 0.9 million are recorded in fourth quarter of 2012, while associated revenue will be allocated throughout the contract period.

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 Friday, 21 December 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.