INDUCT – NEW CONTRACT IN SPAIN

OSLO, 7 September 2018 – Induct AS has signed a new contract in the Spanish public sector.

Induct has entered into a deal with Transports Metropolitans de Barcelona (TMB), which provides Metro & Bus services to the city of Barcelona. Much of its activity is related to manage & provide transport for citizens in the Barcelona area, but it also provides consultancy services to other transport companies worldwide, mainly in Latin America. 

TMB will use the Induct platform to enhance their innovation process to improve its current operations and orchestrate its efforts to meet the needs of the future.

The new contract has a contract value for the initial year of €45.000 including consulting services with an annual recurring software revenue of €6.000.

«We look forward to deploying Induct’s innovation approach and software platform to manage this ecosystem and further accelerate TMB’s innovation efforts», says CEO Alf Martin Johansen in Induct.

This is a contract in the vertical Municipalities/cities, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector). 

           

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct

Based on ten years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network.

Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

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