Contract with Votorantim Group in Brazil

OSLO, 22 August 2017

Induct in Brazil has signed a software subscription contract with the Votorantim Group.

The Votorantim Group is one of the largest companies in Latin America with approximately NOK 67 billion (USD 8.5 billion) in revenues and 100,000 employees. The group is divided into two segments – Industrial and Financial.

Votorantim has become familiar with Induct through the initiative “100 Open Start-Ups”, which uses the Induct platform to evaluate and match 3,500 start-ups with 400 large companies. Now, Votorantim also want to start using Induct internally in order to support their innovation initiatives towards start-ups.

«Driving innovation though engaging with start-ups needs a structured and collaborative approach and a digital platform. Votorantim is one of the leading companies in Brazil to engage start-ups in their innovation process. We are very pleased that they have chosen the Induct platform to improve even further in this area», says CEO of Induct,  Alf Martin 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

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 August 24, 2017 and filed under Company news, Investor relations, Stock announcements.