Formpipe Software

Regulatory Filings • Jun 29, 2015

Press release, June 29, 2015

Danish municipality choose ECM-product Acadre from Formpipe

The Danish municipality, Glostrup Kommune announces, through a contract award decision, that they intend to sign an agreement with Formpipe regarding the ECM-product Acadre. The total order value amounts to SEK 4 million over a four-year period.

Glostrup Kommune selected Acadre based on the best score on "value for money".

"The need for more efficient administration and citizen services is driving demand for our ECM products. Our strong position in the public sector offers us great opportunities when municipalities, county councils, and governmental agencies need to consolidate their information processing to increase efficiency," says Christian Sundin, CEO of Formpipe.

The contract award decision gives the contract to Formpipe and in accordance with the Public Procurement Act follows a standstill period for 10 days before contract can be signed. During this period, other suppliers may apply for a review procedure at the Administrative Court.

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.

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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, June 29, 2015.

Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company's software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ Stockholm.