Contract with GVC-GAESCO

OSLO, 25. April 2017

Induct AS has signed an agreement with GVC-GAESCO. The contract represents a recurring subscription revenue with an additional project element the first year.

GVC-GAESCO is one of the leading independent financial groups in Spain, with more than 60 years of history.

The group consists of a Securities Company, a Collective Investment Institution Management Company, a Pension fund Management Company and Insurance Brokerage.

­­­­«GVC-GAESCO will improve our position in a rapidly changing financial market by using the Induct platform to work systematically with innovation in all business units. The platform enables the engagement of employees and partners in the innovation process and provides management dashboards to follow up execution and value realisation», says Ms. Mª Àngels Vellvé, President of GVC-GAESCO.

«We are very happy to welcome GVC-GAESCO as a leading financial service provider, to the Induct platform. This contract represents an important first step into the financial sector for Induct.», 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 April 25, 2017 and filed under Company news, Investor relations, Stock announcements.