BasWare - Company Announcement

Basware Announces Strategy for the Years 2009-2012

BASWARE CORP. STOCK EXCHANGE RELEASE JANUARY 22, 2009

Basware adopts updated strategy for the years 2009-2012. The long
term net sales growth objective remains in the range of 20-40 percent
with operating profit margin of 10-20 percent of net sales.

Basware will launch new EPP (Enterprise Purchase to Pay) Automation
Services offering during 2009 to target Software as a Service (SaaS)
application space and services market. The SaaS market is predicted
to see a remarkably higher growth than the software license market in
the business application space.

EPP Automation Services offering is implemented with Basware's unique
Enterprise Purchase to Pay product family functionality, including
services from Einvoices and supplier management. The new offering
will also include services which are typically handled within the
customer organizations. With this new approach, Basware increases its
customer business potential and also fosters the transformation to a
more automated EPP process. Basware aims to be one of the leaders in
the supplier networking arena within the strategy period.

EPP Automation Services will bring more predictability and
transparency over Basware's revenue stream and profitability
development. In 2008, revenue from continuous services (including
maintenance) accounted for approximately a third of the total
revenue. Basware predicts that EPP Automation Services revenue will
increase significantly in the strategy period. More detailed business
targets for EPP Automation Services will be released by the end of
2009.

Geographically Basware will grow in all of its markets. US, UK and
Germany will remain in strategic position. The main focus is on the
US market with more weight on the direct operational model.  During
2009, more focus will be put into profitability in all areas. Basware
has proceeded to expand to new markets and penetration in the APAC
and Russian markets will be increased. In customer segmentation, a
special focus area is large multinational companies which operate
across several market areas.

Basware Enterprise Purchase to Pay product portfolio will be
distributed in all markets with Basware Invoice Automation and
Basware Purchase Management being the volume products. Several new
value-added modules targeting the Procurement application space will
be released for global distribution. Solutions based on next
generation technology will be released from mid 2009 onwards. Basware
has been ranked as the leading provider in its application area by
independent industry analysts.

Basware's brand recognition and thought leadership is further
strengthened by enforcing Basware's market awareness efforts.

The efficiency and scalability of Basware R&D is enhanced by steadily
growing the Basware software factory in India. This will enable
Basware to level the growth of R&D expenditure and increase the
development resources, which has a positive impact on profitability.

Basware will continue to actively monitor the possibilities of
strategy supporting acquisitions. Acquisition strategy is supported
by Basware's strong operative cash flow and balance sheet. With the
acquisitions, Basware will support the expansion of the distribution
channel or enhance the EPP Automation Services offering.

Basware continues to actively follow the market situation and adjusts
the strategy execution accordingly to correspond to the changing
strategic landscape. With the solid vision and supporting business
models and the on-going strategic projects, the company will realize
the planned strategic objectives.

To download the strategy presentation, please visit
http://www.basware.com/Investors/financials/presentations/Pages/default.aspx

For more information, please contact:
Mr. Ilkka Sihvo, CEO, tel. +358 9 8791 7251 or +358 40 501 8251
Mr. Olli Hyppänen, SVP, Strategy & Development, tel. +358 40 725 5816

Distribution
NASDAQ OMX Helsinki
Key media
www.basware.com