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BasWare Corp. incorporates its Financial Management unit

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Stock Exchange Release June 6, 2007                                             
                      

BasWare Board of Directors has resolved to incorporate the Financial Management 
business unit. The new company will be lead by Managing Director Juha Heiskanen 
and Senior Vice President Laura Rantanen In 2006, the new company's share of    
BasWare Corporation's net sales was approximately 13 percent.                   

BasWare CEO Ilkka Sihvo states that the incorporation aims at providing better  
conditions for the growth and internationalization of Financial Management. The 
new management model also offers more flexibility to realize a strategy that    
takes into account the special characteristics of the growing business field of 
financial management.                                                           

”The new affiliate will focus on providing tools for business planning,         
reporting, analyzing and consolidating whereas the parent company BasWare Corp. 
invests fully in the Enterprise Purchase to Pay solutions,” says Ilkka Sihvo,   
CEO, BasWare Corporation.                                                       
The new company develops and provides off the shelf software solutions as well  
as consulting services for business planning, reporting and group consolidation.
The aim is to strengthen the market leadership in Finland and gain significant  
market share in the countries where the transition to IFRS reporting is about to
take place.                                                                     

“The company differentiates in the market with the ready-made and quick to      
implement solutions which are designed to meet the needs of both IFRS and       
municipality reporting,” says the new company's Managing Director Juha          
Heiskanen.                                                                      

“The basic requirement for entering international capital markets is to have a  
well-organized, reliable financial management function. For example in Russia   
there are several companies that planning for a public listing. Consequently, we
have already initiated operations in Russia through the partner channel,” says  
the new company's Senior Vice President Laura Rantanen.                         


BASWARE CORP                                                                    
Ilkka Sihvo                                                                     
                                                                                
                                                                                
For more information, please contact                                            
                                                                                
Managing Director Juha Heiskanen, BasWare Financial Management, tel. +358 40 558
0457                                                                            
CEO Ilkka Sihvo, BasWare Corporation, tel. +358 40 501 8250

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