Fredensborg Kommune and FormPipe Software sign new contract worth SEK 1.8 million

As of 28 June 2013, the Danish municipality Fredensborg Kommune and FormPipe Software’s subsidiary Traen sign new contract expanding their solution of ECM product Acadre. The total order value amounts to SEK 1.8 million for a duration of another four years.

Fredensborg kommune has chosen to extend and expand the use of Acadre for the next 4 years, the focus has been on automation and the support of internal processes.

Fredensborg Kommune has during 2012 made a benchmark of the ECM solutions in the market. The result shows Acadre as one of the leading systems and fully meets the demands from the market and the common public frame architecture.

“The Danish municipalities are focusing on effective case management to streamline workflows, creating consistency in relation to internal and external stakeholders and provide citizens and companies with the right service level which are core capabilities of the solution. We are very pleased that Fredensborg Kommune has selected to cooperate with us and we look forward to many years to come”, says Christian Sundin, CEO of FormPipe Software.

Of the total order value, license revenues of SEK 0,3 million are recorded in second quarter of 2013, 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, 28 June 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.