Inin Group AS — M&A Activity 2021

Jul 12, 2021

Elop AS: Correction: Simplifai enters licensing partnership with Crayon Norway, giving Simplifai access to a broad list of Nordic customers

Elop AS: Correction: Simplifai enters licensing partnership with Crayon Norway, giving Simplifai access to a broad list of Nordic customers

Elop’s AI business unit Simplifai has entered into a strategic partnership agreement with the leading IT advisory firm Crayon AS for the Norwegian market.

Crayon Norway is owned by Crayon Group Holding ASA, which is headquartered in Oslo, Norway and has more than 2000 employees in over 50 offices in 35 countries. Crayon Group operates a global, customer-first, and vendor-agnostic consultancy.

As part of the agreement, Crayon’s Norwegian operations will include Simplifai’s AI-driven systems in its offering to support public and private sector clients in facilitating automatic receipt and management of e-mails and user or customer enquiries, including documents that need to be managed.

“We are very pleased to make Simplifai's solutions available to our Norwegian customers in both the private and public sectors. We are in about 70% of the Norwegian public sector, and through this partnership, Simplifai gets access to this market,” says Geir Øivind Gulliksen, who leads Crayon Norway’s office.

Public sector growth strategy

Entering into the agreement with Crayon is a part of Simplifai’s strategy to grow revenues from the public sector.

In February, Simplifai signed a breakthrough agreement in the public sector with the National Archives Services of Norway which has generated several requests from Norwegian municipalities.

“Documentation requirements in the public sector are strict, and the volume of correspondence and documents that are exchanged between municipalities and its “customers” – their local population – is almost incomprehensibly high. Hence, Simplifai’s AI-driven technologies, which help our clients to automate these processes, could play an important role in modernising the public sector and free up public servants’ time,” says Simplifai Vice President Bård Myrstad.

ENDS

For further information, please contact:

Media

Bård Myrstad, VP Simplifai, tel: +47 415 03 263

Øivind Horpestad, Executive Chairman of Elop, tel: +47 910 00 626

Investors

Kim Boman, CFO of Elop, tel: +47 959 63 912

About Elop AS

Elop is a Norwegian technology company that has developed tools and digital solutions to inspect, monitor and manage infrastructure worldwide. The company’s technology portfolio includes a patented ultrasound technology for inspection and analysis of critical infrastructure. Through data-driven and AI-based solutions for inspection and predictive maintenance of concrete infrastructure, Elop’s vision is to provide asset owners with solutions that improve safety, extend asset lifetime, minimise total lifecycle cost and environmental footprint. Elop is headquartered in Norway. For more information: www.elop.no

About Simplifai

Simplifai is Elop’s AI business unit. It supports Elop with developing data-driven and AI-based solutions for inspection and monitoring of critical infrastructure. Simplifai operates as a stand-alone business where it develops automation solutions using artificial intelligence to help clients across numerous industry sectors to grow effeciently. For example, Simplifai’s Digital Employee solutions can automate labour intensive work process where natural language communication including email, chat or documents are central. This includes customer relations, case handling, HR and accounting. Simplifai was acquired by Elop in January 2021. For more information: www.simplifai.ai