Re Agreement
24 Novembre 2006 - 8:01AM
UK Regulatory
RNS Number:6320M
INVU, Inc.
24 November 2006
24 November 2006
Invu Inc
Agreement with Panasonic Netherlands
The Board of Invu Inc ("Invu"), the document management software provider, is
delighted to announce an agreement with Panasonic Netherlands to take on
exclusive distribution of Invu products to copier and Multi Function Device
resellers in Holland. Panasonic has been an Invu reseller for two years, with
sales growing significantly this year.
The biggest single contract in Invu's history, the agreement is for three years,
with a guaranteed minimum purchase commitment from Panasonic of Euro1.3 million in
the first year. These commitments increase strongly in years 2 and 3, but are
subject to review and agreement in each year.
Panasonic has over 10,000 live customers and is actively working on a prospect
database of more then 60.000 customers in Holland.
David Morgan, Chief Executive of Invu, commented:
"Panasonic Netherlands has been an extremely good partner to Invu over the last
2 years, and this agreement is testament to the high quality of Invu's products
and Panasonic's confidence in the demand for the products among its customer
base. The Panasonic brand speaks for itself and we are delighted to be
associated with it."
-ends-
Enquiries:
Invu, Inc. 01604 859893
David Morgan, CEO
Financial Dynamics 020 7831 3113
Juliet Clarke
About Invu
Invu (LSE, AIM, Symbol; NVUK) develops, markets and sells software (under the
brand name of Invu) for the electronic management of all types of information
and documents, such as forms, correspondence, literature, faxes, e-mail,
technical drawings, electronic files and web pages. Invu targets the
small-to-medium size enterprise ("SME") market and individual departments of
larger organisations with a range of products which the Directors believe
strongly adhere to Invu's brand values of ease of use, high quality and price
performance. Founded in 1997 and based in Northampton, Invu has 55 employees
and operates in the UK, Ireland and The Netherlands. Invu's products have been
sold to nearly 2,300 customers, representing approximately 45,000 licensed
users. It raised over #3.5 million following its flotation on the AIM stock
market in January 2004.
Invu is a member of the Business Application Software Developers Association
(BASDA) and its version 5.4 software has recently been accredited by the
Institute of Chartered Accountants in England & Wales (ICAEW).
For more information on Invu see http://www.invu.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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