FreeSoft Plc. signed a contract with the MÁV Co. (Hungarian State Railways Company) to implement a new information technology system.
FreeSoft Plc. (1117. Budapest, Neumann J. u. 1/c.) informs the participant of the financial and capital market that FreeSoft Plc. concluded an agreement with MÁV Co. The subject of the contract is the implementation of a new independent accounting system within MÁV's ERP System based on Oracle E-business Suite, for the newly established MÁV-TRAKCIÓ Co.
The contract is valid till October 2010. and the value of the contract is 70 million HUF in the 2007 business year.
Budapest, 13. November 2007.