Formpipe receives order from a Danish authority worth SEK 1.8 million
Formpipe receives a supplementary order on the Grants management product TAS from a Danish authority. The total order value amounts to SEK 1.8 million.
“Formpipe’s products are highly competitive and our customers are increasing their investments in our ECM products. Through experience and knowledge due to a long-term relation with the public sector, we continue to generate steady income to the company”, says Christian Sundin, CEO of Formpipe.
Of the total order value, license revenues of SEK 0.7 million, are recorded in second quarter of 2016, 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 Monday, April 4, 2016.