Formpipe receives an order on the ECM product W3D3 from a Swedish university. The total order value amounts to SEK 1.1 million.

The order regards an increased number of licenses for W3D3 and for Meetings by Formpipe, an app for meeting management of invitations, documentation and protocols for tablets.

“More than half of Sweden's universities use Formpipe's ECM products, which makes us the leading supplier in this segment. Our products for information management becomes an important hub in the operations of our customers and our customer relationships in most cases extend over several years – and as a consequence of that, additional investments in licenses and modules,” says Christian Sundin, CEO of Formpipe.

Of the total order value, license revenues of SEK 0.7 million, are recorded in second quarter of 2015, while associated revenue will be allocated throughout the contract period.

For additional information, contact:
Christian Sundin, President and CEO of Formpipe, +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 Wednesday, June 24, 2015.