Klaus Andersen appointed as Basware's Chief Technology Officer

Basware Corporation, stock exchange release, July 16, 2018 at 2.00pm

Klaus Andersen appointed as Basware's Chief Technology Officer

Klaus Andersen has been appointed as Chief Technology Officer (CTO) and as a member of the Executive Team at Basware. Andersen will join Basware in September 2018 and will report to the CEO. Jari Antikainen, continues as the company’s interim CTO until Andersen commences in his position.

Andersen joins Basware from Itiviti, a world-leading capital markets technology provider, where he has been Executive Vice President, Global Engineering since 2015. Prior to Itiviti, Andersen served in various senior management roles in SimCorp, a leading provider of integrated investment management solutions. Andersen has over 20 years of experience from software R&D, with a focus on SaaS transformations and operational efficiency.

“We are extremely excited about Klaus joining Basware. Klaus brings with him a wealth of software R&D experience and will be leading our global R&D team. Our vision is to deliver the best global solution for purchasing, invoicing and paying. Appointing Klaus as our CTO shows that we are serious about being world leader in source-to-pay solutions”, says Vesa Tykkyläinen, CEO, Basware Corporation.

For more information, please contact:

Investor enquiries:

Ben Selby, Head of Investor Relations, 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

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About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-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 https://investors.basware.com/en.

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