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FormPipe Software AB ( (SE:FPIP) ) has issued an announcement.
Formpipe Software AB held an Extraordinary General Meeting where shareholders approved the sale of its Public Sector business area to a holding company of STG for up to SEK 850 million. This strategic move allows Formpipe to concentrate on its Lasernet business area, a leading SaaS platform for enterprise document and customer communication, enhancing its focus on recurring revenue and global partner network.
The most recent analyst rating on (SE:FPIP) stock is a Hold with a SEK30.00 price target. To see the full list of analyst forecasts on FormPipe Software AB stock, see the SE:FPIP Stock Forecast page.
More about FormPipe Software AB
Formpipe Software AB is a publicly listed company on Nasdaq Stockholm, specializing in developing premium software that digitizes and automates business processes. With a focus on building valuable relationships between data and people, Formpipe serves over 5,500 clients worldwide and operates in several countries including Sweden, Denmark, the UK, Germany, France, and the USA.
Average Trading Volume: 19,075
Technical Sentiment Signal: Buy
Current Market Cap: SEK1.49B
Learn more about FPIP stock on TipRanks’ Stock Analysis page.