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FormPipe Software AB ( (SE:FPIP) ) just unveiled an announcement.
Formpipe Software AB has completed the divestment of its Public business unit to Sikri AS, marking a strategic shift to focus on its Lasernet business unit, which specializes in enterprise document and customer communications management. This reorganization, along with the leadership change as CFO Sophie Reinius steps in as acting CEO, positions Formpipe for long-term success by enhancing its customer-centric approach and expanding its market reach, supported by the proceeds from the transaction.
The most recent analyst rating on (SE:FPIP) stock is a Hold with a SEK29.00 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 company that specializes in developing premium software solutions aimed at digitizing and automating business processes. With a global presence in countries such as Sweden, Denmark, the United Kingdom, Germany, France, and the USA, Formpipe serves over 5,500 clients worldwide. The company is publicly listed on Nasdaq Stockholm and is committed to creating a digital society where people thrive.
Average Trading Volume: 33,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK1.48B
Learn more about FPIP stock on TipRanks’ Stock Analysis page.