IS Tools announces an enlarged renewal license agreement with a main customer

Entering the new year IS Tools announces a substantial and enlarged renewal license agreement with a main customer for the IS Tools SW Platform and PaaS-engine solution. The multi-year agreement is significant and extensive in scope.

“We are proud and delighted to have closed this business with our, since many years, main customer - a prestigious stock listed multi-national and within its field world leading company. We view this as further evidence of the growing adoption and importance of PaaS and cloud computing based information systems in the enterprise and corporate market space. Businesses and consequently business processes rapidly evolves and change at an ever increasing pace in today’s market. Rigid business information systems and applications are in many cases not up to the challenge and able to address the requirements of the business operations – to quickly and cost-effectively adapt to changes of today and again tomorrow without having the blueprint of what tomorrows business processes will look like. This is where our PaaS engine delivers value ”, says Magnus Håkansson (VP of Business Development at IS Tools AB).