Basware’s disposal of Financial Performance Solutions and Banking businesses completed

Basware Corporation, stock exchange release, February 28, 2018 at 12noon

Basware’s disposal of Financial Performance Solutions and Banking businesses completed
 

Basware Corporation has today completed the disposal of its Financial Performance Solutions and Banking businesses. Basware announced the disposal on February 2, 2018. The buyer is Verdane Capital.

The combined sale price of the two businesses is approximately EUR 35.0 million, subject to certain adjustments. The transaction price will be paid in cash in connection with the closing of the transaction. 95 employees are transferred to the buyer.

For more information, please contact:

Investor enquiries:

Ben Selby, VP Investor Relations and Treasury, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Media enquiries:

Jukka Jänönen, Communications Director, Basware Corporation
Tel. +358 400 127 147, jukka.jänönen@basware.com

Distribution:
Nasdaq Helsinki

Key media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and innovative financing services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at http://investors.basware.com/en.

Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog.

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