BasWare - Company Announcement

Basware signs agreement on AP Automation and e-Invoicing solutions powered by Basware Alusta with Huf in Germany

Basware Corporation, stock exchange release, September 21, 2012 at 09:00

Basware signs agreement on AP Automation and e-Invoicing solutions powered by
Basware Alusta with Huf in Germany

Basware will deliver AP Automation solutions and e-Invoicing services to Huf
Hülsbeck&Fürst ('Huf'), a leading company within the automotive industry, in
Germany. The services that Huf is using are powered by Basware Alusta, the
unified cloud-based platform for Purchase-to-Pay. The specific services to be
delivered are Basware Invoice Automation along with Basware Scan & Capture and
Supplier Activation services. The customer will use the services across its
operations globally. The value of the license-based agreement is about EUR
350,000 over the next three years. The delivery of the services will begin in
October 2012."Securing the new agreement and customer are the result of our very strong
position in the German market. With the acquisition of First Businesspost GmbH
in early 2012, Basware became the leading e-Invoice operator in Germany, one of
our key markets. With the acquisition, we also gained deeper knowledge and
experience in the automotive sector. The new agreement is an excellent example
of how our strategy to expand our global presence and accelerate growth is being
realized," says Esa Tihilä, CEO, Basware Corporation.

Huf will use solutions powered by Basware Alusta, the unified cloud-based
platform for business-to-business transaction collaboration. Alusta streamlines
purchasing, accounts payable and accounts receivable processes via a scalable,
secure, open collaborative commerce ecosystem for buying and supplying
organizations of every size and location. "Basware Alusta is optimized to ensure
easy connectivity with the Open Network for companies of all sizes. The
technology provides open, centralized access to all Basware services via an open
business commerce network. We will also continue our efforts to offer Basware
Alusta to our other customers", Tihilä concludes.

Huf Hülsbeck&Fürst develops and produces mechanical and electronic key systems,
lock sets, steering column locks and remote control systems as well as tire
pressure monitoring systems and telematic systems for the automotive industry.
Huf has approximately 6 400 employees located in 16 countries worldwide. Huf was
the first company to develop components for the new car access and
immobilization systems "Passive Entry" and "Keyless Go".

For more information, please contact:

Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098

Distribution:
NASDAQ OMX Helsinki Ltd
Key media
www.basware.com

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