Mercell wins large Procure-to-Pay contract
Mercell wins large Procure-to-Pay contract
Oslo, Norway, 21 June 2022: MERCELL has received notice that it has been awarded a large new governmental contract for the acquisition, development, maintenance, and support of a Procurement, Invoice- & Contract Management solution.
The Procure-to-Pay (P2P) contract is an 8-year (6+2) contract, replacing and expanding an existing contract already managed by Mercell. The contract reflects next-generation requirements for a fully automated procurement system including cutting-edge integrations, architecture principles and machine learning capabilities. The project will start in the third quarter 2022, with an expected production roll-out during the second half of 2023. MERCELL will invest into delivering this important project on time, and in close cooperation with our customer.
The contract award demonstrates MERCELLs capabilities and focus within this strategically important area and supports the company’s ambition to become the preferred e-tendering and procurement platform in Europe by unleashing the full potential of a user-friendly and trusted marketplace.
The tender process now enters a 10-days standstill period before signing on 1 July 2022.
For additional information, please contact:
CEO Terje Wibe,
+47 908 37 998
About Mercell Holding:
Mercell delivers services to public and private buyers and our goal is to become the leading software-as-a-service (SaaS)-platform for e-tendering and procurement in Europe. Mercell is already a leading platform for public e-tendering and entered the procurement market in 2020, and services approximately 30,000 customers across 15 European markets and in the US. Mercell's unique marketplace simplifies the tender and procurement process and makes it safe and easy for buyers to find relevant suppliers for their tenders and daily purchasing needs. We also ensure suppliers find relevant business opportunities and offer tools for suppliers to digitally receive and handle purchases from public and private buyers.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by Erik Hokholt, interim CFO, on behalf of the Company on 21 June 2022 at 10:10 CEST.