Hoylu AB: HOYLU ANNOUNCES LARGE NEW SOFTWARE LICENSE DEAL IN EDCUATION
Malmo, Sweden, March 21, 2018 – Hoylu, a leading enterprise collaboration company announced today that it has entered into a multi-year, software-only agreement with Grafisch Lyceum Rotterdam (GLR), the Dutch creative college for media, design & technology and largest creative college of its kind in the Netherlands. The agreement represents a minimum of SEK 2,000,000 in SAAS licensing revenue over a 5 year period. The agreement also includes an offer to all graduating students of the college with a total potential of an additional SEK 5,000,000.
Grafisch Lyceum Rotterdam boasts over 4,000 students and 350 faculty members and under this agreement will have full access to the Hoylu collaboration environment on all personal devices, including Mac and PC laptops, tablets and mobile phones. This order represents the first large software-only license business for Hoylu and secures a multi-year paid engagement with the college.
This latest order is in addition to orders and expansion of business from existing Hoylu partner Shorelight that totals an additional SEK 550,000 in product and software revenue for Q1. These orders are intended for global delivery into China and India and continues to expand on Hoylu’s worldwide education business.
For more information, please contact:
Stein Revelsby, CEO at Hoylu +1 213 440 2499 Email: firstname.lastname@example.org
Karl Wiersholm, CFO at Hoylu +1 425 829 2316 Email: email@example.com
Hoylu delivers solutions to allow enterprises to plan, assemble and evolve with a focus on enriching the user experience. The Hoylu Suite delivers a comprehensive set of personalized digital workspaces to enable teams across locations, on any device, to work smarter and with more fun across major industries including Engineering, Pharmaceutical, Construction, Manufacturing, Travel, Hospitality, Graphic Design and many more. The Hoylu Suite allows users to create and share workspaces for free form sketching, drawing, mark-ups and organization of documents, pictures, video-links and other types of content on an infinite canvas. The Hoylu Suite is built to be easy to use and engaging with the objective to enhance productivity and simplify work processes for teams and people across multiple disciplines, while working in the same room or in multiple locations.
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This information is information that Hoylu AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at (8:30) CEST on March 21, 2018.