"In Magnus, we get a very competent CEO with a clear sales profile. His experience from international software sales will be particularly valuable to us, and Magnus also has extensive experience of working with both the private and public sectors. We look forward to continuing Formpipe's growth journey together with Magnus", says Annikki Schaeferdiek, chairman of the board of Formpipe.

"I look forward to building on Formpipe's success and continuing to develop both growth and profitability. Formpipe is in an exciting phase with great potential," says Magnus Svenningson, incoming CEO of Formpipe

"We are now entering a new phase for Formpipe, with a focus on accelerating the global expansion of Lasernet and realizing the full potential of our business in the public sector. The board is confident that Magnus is the right leader who, with clarity, high energy and documented leadership qualities, will continue to develop Formpipe," concludes Annikki Schaeferdiek.

About Magnus Svenningson
Magnus has been CEO of the cyber security company Primekey Solutions AB from 2016 until it was sold to Insight Partners' portfolio company Keyfactor in 2022. After that he was Chief Strategy Officer for Keyfactor and worked on integrating the two global organizations. He has been a board member of the IT security company Verisec International since 2022. Prior to that, he has held leading roles in technology-intensive companies, including as CEO of Speed Identity AB and sales roles within Ericsson and Hewlett Packard. Magnus Svenningson takes over as CEO of Formpipe on August 1, 2023.

For additional information, contact:

Annikki Schaeferdiek, Chairman of the Board, +46 706 67 52 14

This disclosure contains information that Formpipe Software is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, at the time disclosed by the company's news distributor Cision.