INDUCT – NEW CONTRACT WITHIN BANKING IN NORWAY

Induct has signed a contract with major banking group in Norway. The client is one of Norway's leading banking groups, with over 300 branches and 5000 employees. They will use the Induct platform to engage employees in their innovation and business development activities.

The Induct platform will enable digital engagement and collaboration on improvements, supported by structured processes to facilitate execution of the best initiatives, both locally and centrally.

The contract value is NOK 260,000 the first year, where NOK 80,000 is consulting and the annual recurring software subscription is NOK 180,000.

“We are very pleased with our progress within the private enterprise sector. Innovation and digitization of business processes is becoming an increasingly important focus for organisations that want to increase efficiency and speed to market”, says CEO Alf Martin Johansen in Induct.

This is a contract in the vertical Enterprises, 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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