Basware Corporation stock exchange release, March 30, at 17.05.
Basware has signed a deal with one of the biggest electronic retail chains in Europe
Basware will deliver Invoice Automation solution as a license to one of the biggest electronic retail chains in Europe. The value of the license part of the deal is approximately 350 000 EUR. The solutions will be implemented across the customer's units in Eastern Europe and in Russia during 2012.
Basware was chosen due to a successful pilot implementation of the Invoice automation solution in Spain and Switzerland. In addition, the customer is offering an option for expanding the Invoice Automation solution use as well as other Basware Purchase to Pay solutions to cover the rest of the Europe.
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd
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Source: Basware via Thomson Reuters ONE