(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 thanNOK 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 ofNOK 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 existingNorwegian 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 PerRonny Stav , CEO of Arribatec. NDS For additional information, please contact: PerRonny Stav , CEO, Arribatec Group ASA: +47 994 42 378Geir Johansen , CFO, Arribatec Group ASA: +47 4771 0451 About Group ASA | www.arribatec.com Arribatec is a software and consulting company headquartered inOslo . 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 theOslo Stock Exchange under the ticker code ARR.
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