Basware expands Transactions Services agreement with major German automotive company in several countries in APAC and South Africa

Basware Corporation, stock exchange release, April 11, 2013 at 14:30

Basware expands Transactions Services agreement with major German automotive
company in several countries in APAC and South Africa

Basware has expanded the agreement to provide its Transactions Services to one
of the world's largest automotive companies in Australia, Japan, South Korea,
Malaysia, Singapore, South Africa, Thailand, and Vietnam. The services to be
delivered include Basware Scan & Capture, Basware's supplier portal, and
activation services. The value of the deal exceeds EUR 500,000 over the next
three years. The implementation project will first be completed in Australia,
followed by other countries during 2013 and 2014.

"With the acquisition of First Businesspost GmbH in 2012, we gained deeper
knowledge and experience in the automotive sector and became the leading e-
Invoice operator in Germany, one of our key markets. The expanded agreement
shows how a former First Businesspost customer is able to benefit from Basware's
global presence as they are expanding the agreement to a global level. The
customer handles approximately 350,000 invoices in its APAC operations. With the
Scan & Capture Service, the customer can convert paper invoices to e-Invoices
improving the quality of the invoice handling while reducing costs", says Esa
Tihilä, CEO, Basware Corporation. "Accordingly, this is a good example of how
our strategy to expand our global presence and accelerate growth is being
realized, and how we can enlarge our footprint in the APAC market."

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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