Patrik Syrén

Investor Relations Officer

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Know IT signs frame agreement with Region Västra Götaland

Published: 11 May, 2011

Know IT has signed a frame agreement with Region Västra Götaland regarding för IT-consultancy services in strategic development, strategy, management and governance, systems development, application management and information security. The frame agreement enters into force on May 1 and runs over 36 months, with an option for extension of another 12 months.

The Region Västra Götaland’s estimated purchasing volume based on the frame agreement is SEK 390 million per year. Know IT is one of several suppliers to sign a frame agreement.

– The fact that we have received renewed and extended confidence is proof that we have high competence, a broad service offering and strong supply capacity. We have long experience from the public sector and as an independent supplier of IT-services, we can act purely for the benefit of the client, says Fredrik Abrahamsson, head of Know IT Göteborg.

Know IT has extensive experience as a supplier to the public sector, a field that provided 29 percent of Know IT’s sales in 2010. Deals based on frame agreements make up a large share of Know IT’s sales and are an important part of the company’s structural capital. Know IT has more than 130 current frame agreements in both the public and private sectors.