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

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.