FormPipe Software receives order valued at SEK 5 million

FormPipe Software receives order on the ECM product FormPipe Platina from a large Swedish authority. The total order value amounts to SEK 5 million.

Stockholm, 2011-12-16 08:45 CET (GLOBE NEWSWIRE) --  

- Many of the major authorities and municipalities make use of FormPipe Software's products for document- and case management. We have a great deal of satisfied reference customers and the market's strongest product offering with well-developed standard functionality for public administration. As a result, FormPipe Software is the most frequently selected provider of ECM products in the public sector in Sweden, says Christian Sundin, CEO of FormPipe Software.

Of the total order value, license revenues of SEK 1.6 million are recorded in fourth quarter of 2011, while associated revenue will be allocated throughout the contract period.

For additional information, contact:

Christian Sundin, CEO of FormPipe Software AB, +46 705 67 73 85

Language disclaimer:

This press release is translated from its original. In case of translation ambiguity the content in the official Swedish press release shall prevail.

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, 16 December 2011.

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 in Denmark. The FormPipe Software share is listed on NASDAQ OMX Nordic, Small Cap.