Contract with Statoil ASA

OSLO, 5 April 2017

Induct has signed contract with Statoil ASA. The contract is made with Statoil’s department for innovation with external suppliers and stakeholders and covers an initial pilot of four months.

We are very pleased with entering into an agreement with the largest company in Norway. The parties have a mutual expectation that the Induct platform also can be deployed in other departments and internal innovation processes in the future, 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

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 5, 2017 and filed under Stock announcements, Investor relations, Company news.