Basware won a major deal in Norway

Basware Corporation stock exchange release, June 29, 2010 at 12:15 Basware will deliver Purchase Management, Invoice Automation and Scan and Capture services to UNINETT FAS in Norway. The value of the deal exceeds EUR 3.5 Million over the next 8 years.  UNINETT FAS is the university and university college sector's coordinator and service provider in Norway. "We are happy to work together with public sector in Norway as well and deliver an extensive product solution package to UNINETT FAS. These solutions enable our customer to gain visibility and generate cost savings throughout the whole purchase chain," says CEO Ilkka Sihvo, Basware Corporation. Basware Scan and Capture services is a part of more extensive Basware Connectivity Services offering. Basware Connectivity Services consist of several functionalities which enable suppliers and buyers of all sizes and maturity to transact electronically. UNINETT FAS is the university and university college sector's coordinator and service provider for assessment, selection, introduction, operation, development and replacement of common administrative ICT systems. UNINETT FAS adds value to the sector in the form of cost-effective processes for the implementation of common projects, volume discounts for license prices and integration solutions, as well as administrative ICT systems that provide data and reports of high quality. BASWARE CORPORATION Ilkka Sihvo For more information, please contact: CEO Ilkka Sihvo, Basware Corporation Tel. +358 40 501 8251 Distribution NASDAQ OMX Helsinki Ltd Key media [HUG#1428024] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction for further distribution is prohibited. Source: Basware via Thomson Reuters ONE