Publicly traded Malaysian group invests $600,000 USD in ReadSoft's solutions

ReadSoft has been chosen to deliver its award-winning document process
automation solutions to one of Malaysia's leading multinational conglomerates.
The solution involves the processing of documents from the customer's worldwide
operations at the newly established global shared service center in Kuala
Lumpur. This deal is worth $600,000 USD and was closed during the first quarter
of 2010 and the implementation will begin during the second quarter.


The customer is one of South East Asia's largest conglomerates with businesses
in many different industries. To further strengthen the group's efficiency, the
customer has set up a shared services center to support its businesses
worldwide.

ReadSoft's automated document processing solution will help the customer to
minimize manual processes while producing speedy and accurate information
delivery. This boosts business process efficiency and enables timely management
reporting.

The automation will also allow staff to focus on analysis and more value added
tasks that enable the customer to proactively manage and meet business needs.
ReadSoft was awarded the project after a thorough evaluation of a number of
vendors. The company chose ReadSoft because of its established reputation within
the document automation market. ReadSoft, with thousands of references
worldwide, was deemed as a pioneering market leader that provides continuous
technological innovation.

"We are very happy about this deal, both for its future importance as reference
and for the fact that ReadSoft came out on top after a comparison with competing
solutions in the Malaysian market," comments Jan Andersson, CEO at ReadSoft.
"Multinational companies are one of our focus areas, and our solutions are well
suited for handling the extensive requirements of such organizations. We are
certain that this customer will get solid business value from our solutions."


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 <mailto:johan.holmqvist@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. 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
<http://www.readsoft.com/>.



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