Techstep ASA

06/15/2022 | Press release | Distributed by Public on 06/14/2022 23:30

Techstep signs SmartDevice agreement with Nortel for all their users

Tid15.06.2022, 05:30:14
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Techstep signs SmartDevice agreement with Nortel for all their users

[Oslo, 15 June 2022]. Techstep has signed an agreement with new customer, Nortel
AS, a challenger in the Norwegian mobile and broadband B2B market, to provide
Techstep Expense, a part of Techstep's managed mobility portfolio, SmartDevice,
to all Nortel's customers and users.

Techstep Expense is a solution to manage mobile subscription costs providing
visibility, control, and certainty for the organisation. Through a defined
mobile policy, the cost is split between company and employee, providing freedom
of mobile usage.

SmartDevice is the complete and sustainable portfolio to help enterprises
integrate and manage all mobile devices from procurement to end of life. Users
are empowered to choose, fix, and replace mobile devices whilst enterprises have
visibility and cost control over their mobile fleet.

All Nortel's customers will have Techstep Expense included in their subscription
plans, commencing from the fourth quarter 2022. The agreement is set to enhance
Nortel's offering and add new benefits to its customers.

Simultaneously, Techstep will become a Nortel distribution partner, offering
Nortel's products to Techstep's customers in Norway, starting from the third
quarter 2022. This extends Techstep's product offering by giving customers more
flexibility and optionality.

"We are very pleased with this agreement. It allows Nortel's customers to
benefit from Techstep's mobile expense management software, while at the same
time giving Techstep's customers the option to buy Nortel's connectivity
products. This will enhance the experience for both companies' customers", says
Techstep's Chief Executive Officer, Børge Astrup.

"As a challenger in the Norwegian B2B market, Nortel has had a strategy of
building a broad partner and distribution network, and the agreement with
Techstep significantly strengthens our competitiveness. The agreement is of
great importance as the collaboration is an extensive two-way model. Techstep
will provide solutions, subscriptions and services from Nortel bundled with
Techstep's quality solutions for mobile device management and MEM solutions. We
are looking forward to the collaboration", says Christian Pritchard, CEO of

Techstep estimates the annual recurring revenue (ARR) value of the agreement to
a minimum of NOK 3 million, with an initial contract period of three years.

About Nortel AS

Nortel is the third largest and fastest growing challenger in the Norwegian
mobile market for companies. Nortel was established in 2019 and listed on
Euronext Growth in the autumn of 2020. A flexible technology platform and a
scalable business model enable the company to drive innovation and at the same
time compete on price. Nortel is headquartered in Ålesund and represented
throughout Norway through dealers and own offices.

For more information please contact:

Børge Astrup, Chief Executive Officer, Techstep ASA: +47 928 27 676

Erik Haugen, Chief Transformation Officer,?Techstep?ASA: +47 967 90 101


Techstep is a complete mobile technology enabler, making positive changes to the
world of work; freeing people to work more effectively, securely, and
sustainably. We help customers who want to work smarter, while also delivering
on their ESG commitments. With more than 350 employees based in Norway, Sweden,
Denmark, and Poland, we serve more than 2,000 enterprise customers in Europe.
Techstep had NOK 1.3 billion in full year 2021 revenues, and is listed on the
Oslo Stock Exchange under the ticker TECH. To learn more, please visit (