(Oslo, Norway, 13 July 2021)Arribatec is gaining further traction within BI &
Corporate Performance Management (CPM) and has recently been awarded new
contracts valued at more than NOK 10 million. The largest contract is with the
Norwegian subsidiary of one of the world largest construction companies, where
Arribatec shall deliver solutions for budget and prognosis based on Hypergene
CPM. This contract has a value of NOK 1,2 million in annual recurring revenue
(ARR) plus related services.   
 
Additionally, the company has developed a Power BI connector to automate data
extraction and building reports in Power BI on top of Unit4 ERP. This solution
has already been delivered to 9 of Arribatec's existing Norwegian Research
Institute customers and is extending the current Solution as a Service (SolaaS)
concept to include both Business Intelligence solutions as well as HR and
Payroll.  
 
"This shows how we are capable of building our own solutions, complementing our
partners software and add value to our customers. This increases our ARR with
own IP while extending our "One Solution" to new and existing customer" says Per
Ronny Stav, CEO of Arribatec.    
 
NDS

For additional information, please contact: 

Per Ronny Stav, CEO, Arribatec Group ASA: +47 994 42 378
Geir Johansen, CFO, Arribatec Group ASA: +47 4771 0451

About Group ASA | 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 900 large entities spread over 25
countries and various industries, both in the private and public sector. The
company employs over 350 people, taken announced acquisition into account, with
offices in 18 countries and is listed on the Oslo Stock Exchange under the
ticker code ARR.