M&A Activity • Jun 30, 2011
M&A Activity
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Disclosure 288049
Basware has signed an agreement with a large global industrial corporation Basware Corporation stock exchange release, June 30, 2011 at 14:50 Basware will deliver Basware Connectivity services to a Finnish global industrial corporation. Basware validates incoming paper invoices and transfers them into invoice processing system as e-invoices. This enables the customer company to better utilize Basware's e-invoicing solution already in use. The value of the deal is not disclosed but the growing e-invoice volumes will have an impact on Basware's net sales and operating profit in the future."We are happy to be able to extend our cooperation with our customer and offer them additional benefits thorough savings, improved quality and more effective process," says Ilkka Sihvo, CEO, Basware Corporation. 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#1527362]
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