Basware to deliver Connectivity Services to Veolia Environmental Services in the United Kingdom Basware Corporation stock exchange release, October 19, 2009 Basware will deliver Basware Connectivity Services to Veolia Environmental Services in the United Kingdom. The value of the deal is approximately EUR 650 000 over the next 3 years. Veolia Environmental Services is the leading UK waste management organisation, with almost 12,500 employees and revenues above £1.3 billion (EUR 1.4 billion). Veolia Environmental Services serves 73,000 commercial customers and provides services to 16 million customers through its contracts with local authorities. Basware Connectivity is a new set of services which enables suppliers and buyers of all sizes and maturity to transact electronically. The service to be delivered includes Basware Scan and Capture services. "Basware Connectivity Services has in a short time become our fastest growing solid fundamental revenue generator. Our solutions are industry-independent and this agreement with Veolia Environmental Services further strengthens our position on the UK market across various industries. Basware Connectivity service allows companies to handle purchase to pay processes online and to achieve fast return on investment," says CEO Ilkka Sihvo, Basware Corporation. The Basware Connectivity services include the ability to deliver e-invoices and purchase messages with Basware Business Transactions, an outsourced Basware Scan and Capture solution to convert all paper invoice to electronic format, the ability for suppliers to key-in invoices, receive orders electronically, send order confirmations as well as upload and create electronic catalogs via Basware Supplier Portal and an outsourced Basware Supplier Activation service to communicate with the suppliers, assist and activate them to connect to the buyers' purchase to pay process. BASWARE CORPORATION Ilkka Sihvo For more information, please contact: CEO Ilkka Sihvo, Basware Corporation Tel. +358 9 8791 7251 or +358 40 501 8251 Distribution NASDAQ OMX Helsinki Ltd Key media
Basware to deliver Connectivity Services to Veolia Environmental Services in the United Kingdom
| Source: BasWare