Mintra Holding — Capital/Financing Update 2021

Dec 23, 2021

Mintra signs OCS HR contract valued over NOK 1 million

Mintra signs OCS HR contract valued over NOK 1 million

Mintra, a leading supplier of digital learning and human capital management software, has signed a contract valued at NOK 1.295 million with a major international oil field services company.

The agreement is for the provision of Mintra’s complete crew management system, OCS HR, with access for 2,000 users under a SaaS model. The agreement is expected to drive annual recurring revenues of NOK 1.2 million.

Kjetil Flood, CCO of Mintra, said: “OCS HR experienced a strong performance in the final months of 2021, with clients opting to extend the use of the system and move to a SaaS delivery model. Over the past two years of the pandemic, OCS HR has demonstrated its importance as a tool for efficient and effective crew management. Additionally, with ever-changing travel restrictions due to Covid-19, it has also proven invaluable for employee mobilisation.”

Ends

For further information, please contact:

Kevin Short, CEO, tel +44 1224 651340

Torbjørn Blom-Hagen, CFO, tel +47 24 15 55 00

Notes

Mintra is a leading provider of digital learning and human capital management systems for safety-critical industries worldwide. Mintra develops and deploys software solutions that enable its clients to develop and deploy their people, readily demonstrate compliance and maximise operational efficiency.

From its headquarters in Bergen and offices in Oslo, Stavanger, Aberdeen, Cyprus, India and Singapore, Mintra serves the training, HR, payroll and workforce management needs of organisations operating in the maritime and energy sectors.

Trainingportal - a learning and competency management system - provides an online portfolio of over 2,300 courses to 1.5 million workers, while OCS HR crew management system supports the operations of more than 1,800 vessels worldwide. For further information, please visit www.mintra.com