New contracts and partnerships to grow Induct Network in Spain

OSLO, NORWAY – June 27, 2016
Induct AS has signed several agreements which will further strengthen the Induct Network in Spain.

Induct already has a leading position in connecting hospitals and healthcare authorities in Spain. Now, two additional global pharma companies and a healthcare consultancy partner have signed with Induct.

Almirall is a global pharmaceutical company dedicated to providing valuable medicines through its R&D, agreements and alliances. Almirall has 2,100 employees, sales presence in 21 countries and €1,400 million in revenues.

Esteve is an international pharmaceutical chemical group that focuses its efforts on innovation excellence within the field of health.  Esteve has 2,300 employees, sales presence in 40 countries and €830 million in revenues.

Deloitte is a consultancy with a leading global practice within healthcare. Induct has now signed a collaboration agreement with Deloitte in Spain, where Deloitte will ensure capacity and skills in rapidly implementing the Induct platform across the healthcare sector.

In Spain, Induct has also developed networks within the education sector, with the e.g. Pompeu Fabra University and Open University of Catalonia as early customers. The ability to collaborate and share best practices and innovations provides high value for the participants. Now, the two additional institutions have signed with Induct to further strengthen the collaboration and sharing of best practices in the educational ecosystem in Spain.

The Ministry of Education has signed a framework agreement to further deploy the Induct methodology and network platform for the vocational school system in Catalonia. The agreement is based on the success the Ministry has experienced with building two Induct Networks; one is ‘Port of Barcelona’ which connects 8 companies and 20 vocational schools, and ‘Innolab’ which connects 6 cities and 12 vocational schools.

In addition, Induct has now signed a contract with Joviat Education Group offers a range of vocational degrees from several campuses across Catalonia. Induct will support in developing the innovation strategy and connecting the Joviat Group on the Induct Network platform.

“Induct connects innovation communities in a network which enables employees, patients or students to find and adopt solutions that other in the network have successfully implemented to solve similar challenges,” said Alf Martin Johansen, CEO of Induct.  “This dramatically reduces duplicated effort, lowers cost, and supports the rapid diffusion of best practices across the entire network. We are very happy to work with these leading organizations to further enhance their innovation capability and connect them in the Induct Network. We also see that the experience from healthcare in Norway is very valuable in entering other markets. Similarly, the progress we have in education in Spain makes us well prepared to enter this sector in other countries”.

For further information, please contact:
Alf Martin Johansen, Chief Executive Officer
47 90 17 94 35

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 June 27, 2016 and filed under Company news, Stock announcements, Investor relations.