Patrik Syrén

Investor Relations Officer

Tel. +46730746630

Know IT signs new frame agreement with ESV

Published: 8 June, 2009

Know IT AB has signed a new frame agreement with the Swedish National Financial Management Authority, Ekonomistyrningsverket, concerning IT-related consultancy services. The agreement runs until May 31, 2011, with an option for extension. The frame agreement is in regard to system developers with particular competence and experience of financial systems in government administration.

ESV requires the supplier to have experience from assignments regarding government finances pertaining to budget, accounting, prognoses or financial statistics. Know IT will primarily work with administration and development of systems in operation.

ESV estimates the extent of the frame agreement to around SEK 15 million during two years.

– We are very pleased to have been given ESV’s renewed confidence. Frame agreements are an important part of our structural capital and provide a strong foundation for further developing our business connections with ESV, says Jens Wintzer, Business Manager at Know IT.

Know IT already holds a frame agreement with ESV in the human resource management field.