BasWare - Company Announcement

Basware acquires German e-Invoice network operator

Basware acquires German e-Invoice network operator

Basware Corporation Stock Exchange release, January 18, 2012 at 10:00

Basware Corporation has on January 17, 2012 agreed to acquire the entire share
capital of First Businesspost GmbH ('1stbp'). The acquisition price amounts to
approximately EUR 12.2 million. Debt free price is approximately EUR 9.0 million
in addition to which Basware takes over approximately EUR 3.2 million of parent
company loans in the company. The acquisition price will be paid in cash in
connection with the closing of the acquisition. Twenty (20) percent of the debt
free price will be paid to an escrow account. The escrow agreement is in place
until the end of January 2013.

Basware consolidates 1stbp's figures into its net sales and profit as of January
1, 2012.  In 2011 1stbp's net sales totaled over EUR 2.4 million growing by more
than 25% annually.  EBITDA in 2011 amounted to approximately EUR 0.5 million.
1stbp has 39 employees with facilities in Munich and an R&D center in Romania.

1stbp positions itself as one of the fastest growing and most innovative e-
Invoice networks in Germany. 1stbp has deep knowledge and experience in the
automotive sector, and customers include Audi, BMW, Daimler, MAN and Volkswagen.
In addition, 1stbp has many large retailers, for example Edeka, amongst its
client list. 1stbp has major customers also in other industries like Deutsche
Telekom and Union Invest across multiple European countries including Austria,
Switzerland, Spain, Czech Republic, Slovakia, Hungary, Romania and Poland.

With this acquisition Basware will become the leading e-Invoice operator in
Germany and will further expand its global presence. 1stbp is recognized for its
technology to onboard suppliers easily and quickly. The synergy benefits of the
new business combination are primarily derived from accelerated growth
potential. Basware will be taking 1stbp technology into its offering -
accelerating and simplifying the global delivery of e-invoicing for suppliers
and strengthening Basware's existing offering to suppliers."Our strategic goal is to become the leading e-Invoicing company globally. We
have been looking for possibilities to gain a stronger position in selected
markets and for new customers with growth potential for Basware solutions and
services.  Through this acquisition we are able to acquire innovative technology
that delivers value also for our existing customers globally and supports our
strategy," said Esa Tihilä, CEO, Basware Corporation.

More information:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

www.basware.com

Distribution
NASDAQ OMX Helsinki Ltd
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