BasWare - Company Announcement

Basware signs large strategic Invoice Automation deal in North America

Basware signs large strategic Invoice Automation deal in North America
Basware stock exchange release, January 11, 2011 at 12:30
Basware will deliver Invoice Automation and eOffice solutions to a global
company in the IT sector for it to resell the solutions to its own small and
medium sized clients.  Additionally, the company has signed a Memorandum of
Understanding (MOU) to initially co-sell and ultimately resell Basware Invoice
Automation solutions to their larger enterprise customer segment.  The
transaction has an initial value of approximately EUR 1 Million in licenses,
with a substantial additional opportunity in the future. The company is a member
of the Fortune 1000 and  has more than 140,000 customer organizations in 39
countries on five continents."This is a strategic partnership with an important global company. We are happy
for the commitment the customer is showing by acquiring production licenses and
are looking forward to strong cooperation with the company as our partner
globally. This agreement strengthens our growth opportunities especially in
North America", says Ilkka Sihvo, CEO Basware Corporation.

Basware Invoice Automation (IA) uses automatic, business-rule based matching to
minimize the need for time-consuming, repetitive invoice-handling tasks and
enable efficient management of exceptions. Basware Invoice Automation optimizes
process performance in financial departments and business units, enabling
organizations to focus on creating added value for their customers.

BASWARE CORPORATION
Ilkka Sihvo
For more information, please contact:
CEO Ilkka Sihvo, Basware Corporation
Tel. +358 40 501 8251

Distribution
NASDAQ OMX Helsinki Ltd
Key media

[HUG#1478779]