INDUCT – TWO NEW SUBSCRIPTIONS IN THE HEALTH SECTOR

Induct network now covers 90 % of hospital trusts in Norway

OSLO – 19. December 2018 - Induct AS has signed two new subscriptions contracts with two major Regional Hospital Trusts in Norway; Vestre Viken Hospital Trust (Vestre Viken) and Innlandet Hospital Trust (Sykehuset Innlandet).

​Vestre Viken Hospital Trust has 9,500 employees and provides services from their hospitals in Bærum, Drammen, Kongsberg and Ringerike, as well as special health care services for 480,000 people in 26 municipalities.

Innlandet Hospital Trust has 10,000 employees and provides hospital services from their hospitals in Elverum, Gjøvik, Hamar, Lillehammer, Kongsvinger and Tynset, as well as special health care services for 400,000 people in 49 municipalities in the region.

Both regional Hospital Trusts provide their services in close cooperation with the primary health care services of the municipalities in which they are active. An increasing number of municipalities are also adopting the Induct platform, which will enable better collaboration between municipalities and the health network.

The value of the contracts is NOK 150,000 each in annual recurring subscription revenue and NOK 100,000 for each implementation.

Induct has during the last three years signed the following contracts in the public Norwegian Health sector:

Of the 28 entities in total (health authorities, hospital trusts or pharmacies), 22 of them (79%) are now part of the Norwegian health network on the Induct platform.

The new sale to Vestre Viken and Sykehuset Østfold includes the 'Innovation Management' module. The number of subscriptions in the healthcare sector in Norway is currently 26, which means that some Health Authorities subscribe to several modules to support different business processes. Other healthcare modules include 'Grant management', 'Procedure management' and 'Lean Management'.

"Induct's Healthcare Network continues to grow and provide value to the connected members. The hospitals` solutions are connected in a network where they share selected ideas and innovation projects with each other. This enables healthcare professionals to easily find and adopt solutions that other hospitals have successfully implemented to solve similar challenges. Discovering relevant projects are performed through search, filtering and automatic matching." says Alf Martin Johansen, CEO of Induct. "We are very glad to see the strong adoption in our home market Norway. With our extended platform, we are looking forward to support our existing customer with even more possibilities for collaboration and sharing. "

           

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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