ReadSoft signs €500,000 agreement with large telecom company in Europe

ReadSoft has received an order worth approximately €500,000 from one
of the world's largest telecom operators. The solution from ReadSoft
will automate and optimize supplier invoice processing and will also
integrate with the customer's Oracle E-Business Suite system. The
agreement initially covers the processing of over half a million
invoices annually.

Maintaining a leading position requires the implementation of the
latest technologies on the market which is why this company invested
in a capture solution already a few years ago. But with new
technologies and new demands they needed an even more efficient
process and an integrated solution which suited their Oracle
E-Business Suite system.

After a thorough benchmark of the available systems on the market
this leading company decided to invest in ReadSoft's solution. This
was found to offer significant business value by allowing customers
to make better use of employees, ensuring higher-quality information
and improving security.

"We are happy to add yet another global company to our list of
references within the Oracle area," says ReadSoft CEO Jan Andersson.
"Since our solution is 100% integrated with Oracle E-Business Suite,
customers are given the ability to automatically verify information
about vendors, orders, and goods received against Oracle. I'm certain
that choosing our solution over one of our competitors will make this
company even more efficient and thereby successful."





For additional information, please contact:
ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@readsoft.com

About ReadSoft
ReadSoft is a leading global provider of software solutions for
Document Automation. ReadSoft's software enables companies to
automate document processes such as data entry, classification, ERP
matching, workflows, e-invoicing etc. The results are faster and less
expensive document processing, and increased control. ReadSoft is by
far the world's number one choice for invoice automation solutions.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
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.