ReadSoft Signs Professional Services Agreement Worth 308,000 USD with Global Consumer Goods Company


A world-renowned cereal and convenience-food manufacturer will utilize ReadSoft Professional Services to optimize its invoice automation suite for its global SAP upgrade.

The existing customer selected ReadSoft due to its proven ability to quickly and effectively implement a reliable solution upgrade with seamless integration to the SAP platform.

"This on-going partnership showcases a trend among ReadSoft customers of re-investing in our solutions and services after experiencing our collaborative professional services approach," comments Jan Andersson, President and CEO at ReadSoft. "Customers appreciate our clearly defined services through each project phase that are designed to provide the maximum benefit, at the right time and with minimal disruption."

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 December 29, 2010 at 4.45pm CET.

For additional information, please contact

ReadSoft AB

Jan Andersson,

President and CEO

Phone: 46 708 37 66 00

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. 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 Nordic Exchange Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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