ReadSoft’s acquisition of Expert Systems finalized
ReadSoft, the world leader in Document Process Automation solutions, has today completed the previously announced acquisition of Expert Systems Development Svenska AB (Expert Systems), a supplier of SaaS solutions (Software as a Service) for electronic business. Expert Systems has one of the leading cloud based networks for exchanging e-invoices and other electronic documents in Sweden.
All closing conditions are now satisfied and the acquisition of Expert Systems has therefore been completed today.
As previously communicated, the Board of Directors of ReadSoft believes that the consideration paid for Expert Systems is balanced and expects a positive contribution to earnings per share already in 2013.
ReadSoft published a press release regarding the acquisition on May 7, 2013.
This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on May 17, 2013 at 12:30 CET.
For additional information, please contact:
ReadSoft AB
Kristin Widjer, Legal Counsel
Phone: +46 42 490 21 29 alt. +46 733 37 86 79
E-mail: kristin.widjer@readsoft.com
Johan Holmqvist, Vice President, Corporate Communications
Phone: +46 708 37 66 77
Email: johan.holmqvist@readsoft.com
About ReadSoft
ReadSoft is a leading global provider of software solutions for document process automation in the cloud or on premise. ReadSoft is by far the world’s number one choice for invoice processing automation, especially into business systems from SAP and Oracle. ReadSoft’s software enables companies to automate document processes such as accounts payable processing, and mailroom automation. Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six 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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