Contract with Sparebanken 1 Østlandet

Oslo, 19-Jul-2018

The contract is made with Sparebanken 1 Østlandet’s department for innovation and covers an initial pilot of six months.

“We are very pleased with entering into an agreement with the fourth largest savings bank in Norway with 34 branches, 1,100 employees and approximately 324,000 banking customers”, says CEO Alf Martin Johansen in Induct.

Initially Sparebanken 1 Østlandet will use Induct’s platform for collecting ideas, evaluation process of ideas and having an overview of all ideas.

“Within the segment Enterprises, we have seen a number of new contracts recently, among others Equinor and I expect continued growth within this segment”, says Johansen.

This is a contract in the vertical Enterprises, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector).
 

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com
 

About Induct
Based on eight years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Subscriptions is the main source of income for Induct. Induct has customers in 9 countries. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

 

Posted on July 19, 2018 and filed under Company news, Investor relations.

Induct signs additional contract with Equinor

OSLO, 12-Jul-2018

Induct will provide innovation management to Equinor’s employees
Various departments within Equinor (formerly Statoil) have been testing the Induct platform for more than a year. This has resulted in three commercial agreements where Equinor will use Induct’s Innovation Management module. The last of these agreements, with Equinor’s Corporate Strategy and Innovation department, will enable employees in the whole organization to submit and collaborate on innovative non-technological ideas designed to support further growth.

- We are proud that Equinor has decided to increase the company’s collaboration with Induct, especially considering the efforts that Equinor have put in to the work of assessing the Induct platform, says CEO Alf Martin Johansen in Induct. 

Induct’s Innovation Management module simplifies the capturing of ideas, increases collaboration of the ideas and streamlines innovation activities through structured processes and complete overview of the company’s Innovation portfolio.


For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com


About Induct
Based on eight years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Subscriptions is the main source of income for Induct. Induct has customers in 9 countries. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

Posted on July 12, 2018 and filed under Company news, Investor relations.

Induct signs 3 new contracts in the municipality sector

Oslo, 29 June 2018
Induct has signed 3 new contracts in the second quarter of 2018, increasing the total contracts within the sector to 7, covering 15 municipalities.

”We have finally made a breakthrough within the municipality sector in Norway. We see the same synergies as within the healthcare sector when it comes to cost savings, employment benefits and customer satisfaction”, says CEO Alf Martin Johansen in Induct.

The usage cover multiple strategic areas for the various municipalities such as:

Merger of municipalities securing overview of all activities and idea gathering of improvements during the implementation processes.

Citizen dialog to improve services delivered to the citizens.

General gathering of employee ideas for improvements across all functions.

Standardization of Project and process management to reduce time and effort and increase quality and value.

Collaboration internally and with external environments such as industries and schools.

Increasing collaboration between the different municipalities with idea sharing creating increased synergies.

”The municipalities all see the advantage of using the platform for improved dialogue with the citizens and to increase employee engagement, to further improve their services. They also want to improve quality in their project execution process and to manage their portfolio of initiatives more efficiently by using the Induct’s collaborative platform”, says Johansen.

During Q3 Induct will discuss further the opportunity with the municipalities to share and collaborate ideas and initiatives.

“We see large potential for several municipalities, not only to share proven initiatives in a common portal, but also adopting Induct as the solution for ensuring local execution and implementation of projects and improvements, resulting in better and more efficient services to the local community of the municipalities”, says Johansen.

These are contracts in the vertical Municipalities, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and the Humanitarian sector).


For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com


About Induct
Based on eight years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Subscriptions is the main source of income for Induct. Induct has customers in 9 countries. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

Posted on July 1, 2018 and filed under Stock announcements, Company news.

First contract within the power sector

OSLO, 29 June 2018
Induct AS has signed the company’s first contract within the Norwegian power sector.

The new client is one of the 140 Norwegian companies operating within power production and sales, power distribution and grid development, fiber and broadband services. 

The new contract has a value for the initial year of NOK 355.000 including consultancy services with an annual recurring software revenue of NOK 240.000.

«This is the first contract within the power sector. We are already in a dialog with many potential new customers», says CEO Alf Martin Johansen in Induct.

The client will use Induct in project portfolio management and collaboration, and to manage innovation initiatives.

Based on Induct’s experience in connecting a majority of Norwegian hospitals together in a digital collaborative network, the ambition is to develop a similar network within the power sector. Each power company is facing similar industry challenges and a large amount of initiatives exists in each company to address these.

«We look forward to deploying Induct’s software platform within this new sector and start building a new network based on our experience from healthcare», says Johansen.

As proven within healthcare, the actors in the power sector can also benefit greatly from sharing high value initiatives addressing common challenges, in a digital ecosystem.

This is a contract in the vertical Enterprises, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector). 


For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com


About Induct
Based on eight years of collaboration with more than 250 organizations, Induct offers collaborative communities, delivered as "Software as a Service," that enable organizations to digitalize and manage business processes. This also include create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Subscriptions is the main source of income for Induct. Induct has customers in 9 countries. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

 

Posted on July 1, 2018 and filed under Stock announcements, Company news.

Contract with Lillehammer municipality

OSLO, 2 November 2017

Induct has signed contract with Lillehammer municipality in Norway. Lillehammer municipality (Lillehammer kommune) has signed an agreement for using the Induct platform.

Lillehammer’s goal is to improve quality in their project execution process and to manage their portfolio of initiatives more efficiently with Induct’s collaborative platform. Also, Lillehammer sees the potential for using the platform for citizen dialogue and employee engagement to further improve services in the region.

The contract value for this standard municipality module is  NOK 96.000 in annual subscription plus implementation services fee.

“Lillehammer will increase their efficiency by including the process methodologies described from KS and DIFI (“Prosjektveiviseren and Veikartet for Tjenesteinnovasjon / Samveis) into the Induct platform”, says CEO Alf Martin Johansen in Induct. “We see a large potential for several municipalities, not only to share proven initiatives in a common portal, but also adopting Induct as the solution for ensuring local execution and implementation of projects and improvements, resulting in better and more efficient services to the people living in the municipalities”.

This is a contract in the vertical Municipalities, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector).

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.

Induct: “Connecting Innovation Communities™

 

Posted on November 9, 2017 and filed under Company news, Investor relations, Stock announcements.

Extended Contract with Statoil

OSLO, 9 November 2017

Induct AS has extended the contract with Statoil ASA, Reference is made to the announcement on 5 April 2017 on a contract made with Statoil innovation department, which covered an initial pilot project.

Based on a successful completion of the pilot, and a high degree of satisfaction, Statoil will company-wide roll out the Induct platform. The ARR (annual recurring revenue) of the current contract is NOK 540,000. The contract also includes commercial terms for potentially deploying the Induct platform for supporting additional business processes and areas within Statoil.

“We are extremely pleased with the pilot project within Statoil, as it has demonstrated significant value so that we could enter into a permanent agreement. We are looking forward to the global roll out, and include additional business areas into the Induct platform”, says CEO Alf Martin Johansen in Induct.

This is a contract in the vertical Enterprises, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector).

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com
      
About Induct
Based on eight years of collaboration with over 250 organizations globally, Induct offers a digital platform that enables efficient management of knowledge based projects and processes. In addition Induct enables the organisations to communicate, collaborate and share knowledge in a secure cloud-based network.Subscriptions is the main source of income for Induct. Induct has customers in 9 countries. Induct is listed on the Merkur Market list on Oslo Stock Exchange with the ticker INDUCT-ME.

 

Posted on November 9, 2017 and filed under Company news, Investor relations, Stock announcements.

New Contract with Oslo University Hospital (OUS)

OSLO, NORWAY – October 25, 2017

Induct AS has signed a new contract with Oslo University Hospital (OUS), which covers the use of the module ‘Project Management’ at the Intervention Centre at OUS.

The Intervention Centre was established in 1996 as a national competence centre with the following objectives;

1.    Develop new procedures
2.    Develop new treatment strategies
3.    Compare new and existing strategies
4.    Optimise and develop advanced imaging techniques
5.    Study the social, economic, and organisational consequences of new procedures

Since OUS became an Induct client in 2010, three other modules of the Induct platform have been adopted at the hospital; ‘Innovation management’, ‘Procedure Management’ and recently ‘Lean management’.

Induct has during the last two years signed subscription contracts with 17 of the 30 Health Authorities in all four health regions in Norway. The numbers of subscription contracts is currently 23, which means that some Health Authorities subscribe to several modules to support different business processes.

"We are very glad to see the strong adoption of software in our home market Norway. We will use this experience to strengthen our position in much larger markets where we have a presence, such as Spain and the United Kingdom" said CEO Alf Martin Johansen of Induct.

This is a contract in the vertical Health, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector).

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME. Induct: “Connecting Innovation Communities™”

 

 

Posted on October 26, 2017 and filed under Company news, Investor relations, Stock announcements.

Contract with Norsk Tipping

OSLO, 25. October 2017

Induct AS has signed a software subscription contract with Norsk Tipping in Norway. Norsk Tipping is a government-owned limited company which offers games that create excitement and entertainment. Norsk Tipping has 400 employees, and every week the games they offer pay out millions in prize money. The games generate profits for Norsk Tipping of NOK 12 million each day, profit that benefit good causes.

The games include Tipping, Oddsen, Lotto, VikingLotto, Joker, Flax, Keno, Extra, Nabolaget, Eurojackpot, Multix, and Belago.

The contract covers NOK 150.000 in yearly subscription and NOK 162.000 in implementation services.

«We are very happy to welcome Norsk Tipping as an Induct client. We look forward to help Norsk Tipping in achieving their strategic goals more efficiently” , said CEO Alf Martin Johansen in Induct.

This is a contract in the vertical Enterprises, which is one of the five verticals Induct focuses on (Health, Municipalities/cities, Enterprises, Education and Humanitarian sector).

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35
amj@inductsoftware.com

About Induct
Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME. Induct: “Connecting Innovation Communities™”

 

 

Posted on October 26, 2017 and filed under Company news, Stock announcements, Investor relations.