FARA ASA, the leading supplier of IT solutions to the public transport sector in the Nordic countries, has signed an order with an existing customer Jämtland Län, Sweden.

The total order value of approx 14,5 million SEK excluding VAT, is for the upgrade of their existing FARA ticketing solution. This is an important project for FARA as this is the first customer to be upgraded to the new ticketing solution developed as a part of the investment program started in 2009.  The goal of the investment program is to have a single FARA ticketing solution and an effective integrated FARA product portfolio.

In addition FARA will increase recurring revenue from service and maintenance after the solution has been implemented.

The solution shall be in operational in June 2011.