(Oslo, Norway, 7 December 2021) Arribatec Group ASA (Arribatec, OSE:ARR) has been awarded new contracts in the fourth quarter 2021 exceeding NOK 55 million.
“Arribatec continues the implementation of the growth strategy and has secured several important Enterprise Architecture and ERP-related contracts in the fourth quarter. Our solid customer base, combined with a strong project implementation track-record to many of the biggest companies and institutions in Norway, provide a strong platform for further growth and expansion in our home market and internationally, “says Per Ronny Stav, Chief Executive Officer of Arribatec.
Arribatec EA & BPM, former Qualisoft, has been awarded several new contracts with a total value of more than NOK 25 million, while the ERP-related businesses have secured contracts for NOK 30 million, of which 40% are annual recurring revenues. Parts of the ERP projects will commence in the fourth quarter 2021, while most of the EA & BPM contracts will commence during the first quarter of 2022.
ENDS
For additional information, please contact:
Per Ronny Stav, CEO, Arribatec Solutions ASA: +47 994 42 378
Martin Nes, Chairman of the Board, Arribatec Solutions ASA: +47 920 14 814
About Arribatec | www.arribatec.com
Arribatec is a software and consulting company headquartered in Oslo. With a customer centric engagement model, combined with a deep system, integration, and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 1000 large entities spread over 25 countries and various industries, both in the private and public sector. The company employs over 350 people, with offices in 18 countries and is listed on the Oslo Stock Exchange under the ticker code ARR.