A major organisation from the non-profit sector is entering into agreements with FormPipe Software with regard to FormPipe OnDemand for document and case management, and FormPipe Long-Term Archive for long-term digital storage. The total order is valued at SEK 1.1 million and the revenues will be periodised over the 36-month contract period.
With FormPipe OnDemand, the company’s software is made available via the Internet as a complete system solution comprising operation, maintenance and hardware.
“More and more companies and organisations are choosing cloud services to allow them to focus more clearly on their core business. The revenues from cloud services are up to 100 per cent repetitive, which means fully predictable income,” explains Christian Sundin, CEO of FormPipe Software.
FormPipe Long-Term Archive is a system for storing digital information for protracted periods.
“Developments in the area of electronic storage are mirroring the growth in the volume of digital information, which is expanding rapidly in all organisations. We have identified this as a clear growth area,” concludes Christian Sundin.
For additional information, contact:
Christian Sundin, CEO of FormPipe Software AB, +46 705 67 73 85
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 Tuesday, 4 October 2011.