BasWare - Company Announcement

Basware sign deal with Siemens

Basware Corporation stock exchange release, October 4, 2010 at 15:15

Basware will deliver its Connectivity Services to Siemens, the global power
house in electronics and electrical engineering.  The value of the deal is
approximately EUR 1.5 Million over 3 years.

Connectivity Services include outsourced Scan and Capture which transfers paper
invoices into electronic format and Basware Business Transactions Service
enables the customer to receive and send invoices in an electronic format. The
number of invoices to be transacted through Basware's service averages
approximately one million in a year. The solutions will initially be implemented
in Central and Southern Europe, with further deployments planned altogether to
25 countries."We are pleased to see that electronic invoicing is gaining more and more ground
on the markets which supports our strategy. Our solutions are modular and can
expand together with our customers' businesses to meet their growth demands,"
says CEO Ilkka Sihvo, Basware Corporation.


The Basware Connectivity service offers a variety of ways to exchange e-invoices
and purchase messages between suppliers and buyers.  Outsourced Basware Scan and
Capture services transfers paper invoices into electronic format. Basware
Business Transactions Service enables the customer to receive and send invoices
in an electronic format.  Basware Supplier Portal publishes or downloads
information and completes transactions online.

BASWARE CORPORATION
Ilkka Sihvo

For more information, please contact:
CEO Ilkka Sihvo, Basware Corporation
Tel. +358 40 501 8251
Distribution

NASDAQ OMX Helsinki Ltd
Key media



[HUG#1448842]