Basware Acquires TNT Post's Connectivity Operations in the Netherlands


Basware Corporation has agreed on the acquisition of TNT Post's Connectivity operations, which is a part of TNT Post's electronic invoicing operations in the Netherlands. TNT Post's Connectivity operations has over 100 e-invoice customers and the estimated amount of annual transactions is close to 1 million.

The Connectivity e-invoice services of TNT Post's customers will be gradually transferred to Basware's e-invoice service. The transfer is estimated to be completed by the end of 2010. Additionally 2 employees will join Basware in connection with the acquisition.

"This acquisition supports the business of Basware's Automation services and expands our network in Central Europe. E-invoice penetration is growing in Europe and we continue to look for business opportunities there," says Ilkka Sihvo, CEO at Basware Corporation.

Basware Corporation (HEX: BAS) is a profitably growing international software company that develops leading-edge software to automate financial processes of large organizations. Headquartered in Espoo, Finland, Basware has subsidiaries located in Sweden, Denmark, Norway, Germany, the Netherlands, United Kingdom, France, Australia and United States. Basware's net sales in 2009 were EUR 93 million and the company currently employs over 760 people. www.basware.com

For more information, please contact
CEO Ilkka Sihvo,
Basware Corporation,
Tel. +358 40 501 8251

BASWARE CORPORATION
Ilkka Sihvo

DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Key media
www.basware.com

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