Itella Oyj - Company Announcement

Itella acquires OpusCapita Group

Itella Corporation Stock Exchange Release June 23, 2011, at 10:30 AM

Itella Group acquires the entire capital stock of OpusCapita Group Oy, based in
Tampere, Finland. The firm is specialized in the automation of cash processes
and has 134 employees in Helsinki, Tampere, Stockholm and Copenhagen.
OpusCapita will be part of Itella Information business group. 

The services of Itella Information cover entire financial management of
customer companies from purchase to pay, order to cash and to as the most
extensive option, the entire financial management and payroll. The offering of
OpusCapita will strengthen Itella's competence in financial management
processes. As a result of the transaction, Itella will be capable of providing
its customers with innovative added-value services related to the automation of
financial management processes. 

- The transaction supports OpusCapita expansion in Europe. The vision of
OpusCapita is to set a European example in cash flow automation, says Kari J.
Mäkelä, CEO of OpusCapita Group Oy. 

- Itella Information improves the efficiency of our customers' financial and
accounting processes such as purchase to pay and order to cash. OpusCapita's
expertise in the automation of financial management and financing is an
excellent addition to Itella's competitiveness as an innovative financial
management outsourcing partner who provides added value, says Heikki
Länsisyrjä, Senior Vice President of Itella Group. 

OpusCapita's customer base includes over 50% of Finland's TOP 200 companies as
well as thousands of companies and organizations in Scandinavia. Itella
Information has approximately 10,000 customers in Europe. 

The net sales of OpusCapita in 2010 was almost EUR 17.5 million. The company is
privately owned. Itella Information is part of Itella Group. 

Additional information:

Itella Communications
MediaDesk tel. +358 20 452 3366
www.itella.com

About Itella Information
Itella Information offers financial process innovation as a service. Itella
improves the efficiency of financial and accounting processes such as purchase
to pay and order to cash with ready-made and modular best practice processes.
Itella has the necessary transaction volumes to enable scaling effects,
automated and industrialized processes and the innovation competence to make
financial transactions management flexible and effective. Itella Information
operates in 15 European countries with a staff of about 2,000 professionals.
Net sales in 2009 amounted to EUR 247 million. The Itella Information business
group is part of the Itella Group. For further information, please visit
www.itella.com 

About OpusCapita
With nearly 30 years of experience in cash management solutions OpusCapita
helps organisations to become more agile and efficient by automating financial
processes. OpusCapita's customers include almost 2,000 companies and public
sector organisations in the Nordic countries and the software is used in more
than 50 countries. OpusCapita is the European benchmark in cash flow automation
investing significantly in R&D and developing the most user-friendly finance
software in the world. OpusCapita employs 130 financial management and IT
professionals in Finland, Sweden and Denmark. In 2010, the turnover was nearly
€17.5 million. OpusCapita was established in 1984 and is in private ownership.