2009-11-27 10:30:00 CET

2009-11-27 10:30:02 CET


REGULATED INFORMATION

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Affecto Oyj - Company Announcement

AFFECTO IMPLEMENTS THE NEW BUDGET SYSTEM OF THE FINNISH STATE


AFFECTO PLC          STOCK EXCHANGE RELEASE         27 NOVEMBER 2009 at 11.30

AFFECTO IMPLEMENTS THE NEW BUDGET SYSTEM OF THE FINNISH STATE

Today,  Affecto  has  signed  a  framework and delivery  agreements  with  the
Ministry  of  Finance of Finland on the new government IT system for  spending
limits  and  budgeting.  The delivery agreement on implementation  amounts  to
approximately 1.5 million euros. In 2010, a further agreement will be made  on
system  support  and  maintenance,  worth  approximately  1.3  million  euros.
Combined, the agreements will have a value of approximately 2.8 million euros.

Call  for  tenders  started  at the end of June, and  Affecto's  solution  was
eventually  deemed the tender offering best value for money. The large  system
needs  to be implemented in about a year, as it is to be ready for use at  the
beginning of December 2010, when the preparations of the spring 2011  spending
limits resolution start.

Earlier  the  spending limits and budgets of the state finances were  compiled
each in their own IT system. Now both will be handled in the same system.  The
system  promotes  the collaboration between the ministries,  the  Ministry  of
Finance and the parliament.

The  system reform puts into practice the government's IT strategy. In the new
system,  the  number  of users in the ministries will grow  from  the  present
number.  The parliament and translators are completely new users. In all,  the
system  will,  in the future, have approximately 320 users in the  ministries,
Ministry of Finance, and the parliament.


Affecto Plc
Jukka Nortio
SVP Marketing & Communications


For further information, please contact
Country  Manager  Ray  Byman,  Affecto  Finland  Oy,  tel.  +358-40-592  0960,
ray.byman@affecto.com
Economist Saija Kaukonen, Ministry of Finance, tel. +358-9-1603 3100

www.affecto.com