Jeeves Receives SEK 1 Million from Vinnova

The Jeeves Apps Market is a marketplace and platform that enables Jeeves' customers and partners to disseminate solutions transparently. The Jeeves ERP system is fundamentally a holistic system. Customers today seek cutting edge functionality to strengthen their competitive edge, and by installing apps for various functions, customers get an effective, personalized ERP system.

"Using Jeeves Apps market, we want to build a new ecosystem for ERP systems because we believe the market needs to change and offer more value to customers faster. Vinnova's investment of money in the development of Jeeves Apps Market is proof that we are on the right track," said Bengt-Åke Älgevik, CEO of Jeeves.

Most ERP systems are becoming bigger and more complex, and their administration and management is getting more difficult. The effect of this is that both purchasing and maintenance are more expensive, and at the same time customers get locked in, making it difficult to change suppliers.

Jeeves has instead opted to go against the flow and offer a standardized platform. In order to obtain specific functions and solutions, the companies install apps. The apps, which are developed by Jeeves or its partners and customers, can then be offered to others through Jeeves Apps Market. This means that customers can reduce their development costs and, in certain cases, even earn money on their ERP system when they sell their apps to other Jeeves customers, or to Jeeves which incorporates the solution into the platform as a function.

"Good general ideas or apps developed by our customers or partners can well become a standard in our platform. For customers, Jeeves offers a highly attractive opportunity to obtain a fantastic ERP system at a lower cost," said Bengt-Åke Älgevik.

Besides the continuing work with Jeeves Apps Market, the money will be used for a joint project with the University of Gothenburg School of Business, Economics and Law. In the framework of this project, new business models will be looked at in which Jeeves Apps Market is a part.

About Jeeves
Jeeves Information Systems AB (Jeeves) develops ERP systems for small and midsized companies. Each day, more than 4,000 companies in more than 40 countries use one of Jeeves’ ERP systems: Jeeves Selected, Jeeves Universal or Garp. All products offer broad functionality at one of the lowest total costs of ownership in the market. The head office is located in Stockholm, Sweden, and Jeeves’ shares have been listed on the NASDAQ OMX Nordic Exchange (Small Cap) since 1999. For more information, go to www.jeeves.se
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