Pressrelease 2015-02-02 08:30 CET Vitec signs mulitannual contract with Länsförsäkringar Vitec has signed an agreement with Länsförsäkringar Fondliv for the supply and maintenance of a new pension and insurance schemes. The contract is worth approximately SEK 8.5 million during the first three years. The new software includes functions for calculations of retirement, disability and survivor benefits. In addition to Sweden's public pension system is also supports a dozen occupational pension agreements. - With the new pension calculating software from Vitec we can meet our customers more effectively and we can continue to invest in our focus areas Pension Analysis and insurance needs investigations. Our approach to managing customer relationships, combined with new tools and new ideas are our greatest competitive advantage, says Solveig Andersson, Project Manager at Länsförsäkringar Fondliv. - We are very pleased that Länsförsäkringar has chosen us as their partner for the new pension system software. We have developed and delivered pension calculations software for many years and are now experiencing an increased interest in further developing the products to provide increased value to our clients in the banking and insurance industry, says Linda Tybring, Head of Vitec Business unit, Finance & Insurance at Vitec. Länsförsäkringar Fondliv Länsförsäkringar Fondliv Insurance Company (publ) is a wholly owned subsidiary of Länsförsäkringar AB (publ). Fondliv's main task is to operate the unit linked affair to meet business and performance goals by taking responsibility for sales-oriented and customer-oriented activities as well as for the management and development of products, bundling and management forms that are signed. This responsibility includes the further development of customer interaction by ensuring that supporting systems and used effectively. Vitec – Business Unit Finance & Insurance Vitec Finance & Insurance offers proprietary software for banks and insurance companies in Sweden and Denmark. Products with focus on the Swedish market consist primarily of software for pension calculations and mortgage calculations. For additional information, feel free to call: Linda Tybring, Vitec , Head of Vitec Business Unit Finance & Insurance, +46 70 691 49 80 Solveig Andersson, Länsförsäkringar Fondliv , Project leader + 46 8 588 40 726 Disclaimer: Vitec Software Group AB (publ.) is to make the above information public pursuant to the Swedish Securities Market Act or the Swedish Financial Instruments Trading Act. The information will be made public at 08:30 CET on Monday, February 2, 2015. Vitec Software Group (publ.) is a software company that offers industry specific business applications on the Nordic market. The Company, with operations in Sweden, Norway, Finland and Denmark is growing in the mature part of the software industry by consolidating vertical software segments. Clients include facility management companies, construction and real estate companies, banks and insurance companies, utilities and energy traders, healthcare companies, car spare part dealers and newspaper companies. Vitec is listed on Nasdaq OMX Stockholm. Group turnover has an annual capacity of 575 million SEK and has approximately 400 employees. Vitec is listed on Nasdaq OMX Stockholm. www.vitecsoftware.com Address: Box 7965, S-907 19 Umeå, Sweden. Phone +46 90 15 49 00