Contract with Sparebanken 1 Østlandet

Oslo, 19-Jul-2018

The contract is made with Sparebanken 1 Østlandet’s department for innovation and covers an initial pilot of six months.

“We are very pleased with entering into an agreement with the fourth largest savings bank in Norway with 34 branches, 1,100 employees and approximately 324,000 banking customers”, says CEO Alf Martin Johansen in Induct.

Initially Sparebanken 1 Østlandet will use Induct’s platform for collecting ideas, evaluation process of ideas and having an overview of all ideas.

“Within the segment Enterprises, we have seen a number of new contracts recently, among others Equinor and I expect continued growth within this segment”, says 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 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 19, 2018 and filed under Company news, Investor relations.