Per Åkerberg appointed new President and CEO of ReadSoft

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ReadSoft's Board of Directors has after a thorough recruitment process, appointed Per Åkerberg the new President and CEO of ReadSoft. He currently holds the equivalent position at the listed company Enea AB. Per Åkerberg will take up his new position no later than in January 2012. Jan Andersson will remain President and CEO until Per Åkerberg is installed.


Per Åkerberg is 45 years old and holds a
Bachelor of Business Administration degree from Mittuniversitetet in Sundsvall where he graduated in 1990. Per is since 2009 the President and CEO of the listed company Enea, which he joined in 2004. Per started as the President of Enea’s subsidiary Embedded Technology and was in 2006 appointed Chief Operating Officer of the Enea Group. Per has been a member of Enea’s executive management team during his time in the company.

Per worked for the software company Telelogic between 1999 and 2004 where he held a number of managerial positions. Per was during his first three years at Telelogic stationed in North America and held, among others, the position as Vice President of Corporate and National Accounts, and he was also a member of Telelogic’s Market Division Americas’ management team. In 2002, Per was appointed Senior Vice President of Telelogic’s market area for the Nordic countries and Central Europe, and was stationed in both Stockholm and in Munich. Per worked the first nine years of his career at Telia where he advanced to a senior position at Telia Megacom.

Per Åkerberg does not presently own any shares in ReadSoft. The Board of Directors of ReadSoft has the intention to offer Per Åkerberg to subscribe for at most 500,000 convertible debentures in ReadSoft with a term of not less than three years and subject to conditions which also in other respects essentially will be congruent with ReadSoft’s latest convertible debenture program for key employees adopted at the Annual General Meeting in May 2011. In addition, the Board of Directors of ReadSoft will propose that Per Åkerberg shall be offered to purchase, at market price, at most 66,000 of the company’s repurchased shares of series B. The Board of Directors has the intention to at a later date convene an extraordinary Shareholders’ Meeting for resolutions on the offers to Per Åkerberg and will in the notice to the Meeting present the detailed terms further.

“We are very pleased with the recruitment of Per Åkerberg. Per is with his solid background in the software industry and with his experience as an executive manager from his time at Telelogic and Enea particularly suited to lead ReadSoft to the next level,” says Göran E. Larsson, Chairman of the Board of Directors of ReadSoft AB. “During Per’s time as President and CEO at Enea he has succeeded in elevating Enea’s profitability to record profits for several quarters. Per has extensive international experience from being stationed abroad for many years in North America and in Central Europe. I’m sure that Per will embrace and develop our special ReadSoft culture in an excellent manner. It is also very satisfying that Jan Andersson, co-founder of ReadSoft and our current President and CEO, will remain in the ReadSoft Group as a member of the Board of Directors working part time. Jan will thus be available to the Group on issues relating to the market, acquisitions and customers,” finishes Göran E. Larsson.

“I am honored and proud of the confidence that ReadSoft’s Board of Directors has given me,” says Per Åkerberg. “ReadSoft is a company with an established market leadership in an industry that is still in its early development stages. I look with confidence to contribute in developing ReadSoft as a company, its market position and its world leading products,” says Per Åkerberg.


This information is such that ReadSoft AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on July 14, 2011 at 08:00 CET.


For additional information, please contact:

ReadSoft AB (publ)                                                                                             
Göran E. Larsson, Chairman of the Board of Directors                                             

Phone: +46 705 65 68 69
Email: gla@eddaconsult.se 

About ReadSoft
ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft’s software enables companies to automate document processes such as
accounts payable processing, document capture, document sorting, and order to cash. ReadSoft is by far the world’s number one choice for automated invoice processing, especially into business systems from SAP and Oracle. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 16 countries on five continents and a network of local and global partners. The head office is located in Helsingborg, Sweden, and the ReadSoft share is traded on the NASDAQ OMX Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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