BasWare - Company Announcement

Basware has signed a large deal with a global home furnishing retailer

Basware Corporation stock exchange release, July 2,  2010 at 13:55

Basware will deliver a complete invoice automation solution to a global retailer
of home furnishing. The value of the deal is approximately EUR 1 Million of
which around EUR 400 K is estimated to be recognized in 2010.  The solutions
will be implemented in 30 countries globally."This global deal is an important agreement for us and it proves that companies
keep on investing in automation of financial processes.  Invoice Automation
optimizes process performance in financial departments and business units to
gain visibility and generate cost savings," says CEO Ilkka Sihvo, 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 your
organization to focus on creating added value for your 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
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