BASWARE CORP. STOCK EXCHANGE RELEASE SEPTEMBER 28, 2007 BasWare Corp. has agreed to deliver an extensive procurement solution to the Oulu region. The solution will be taken in to use at the Oulu region, including the City of Oulu, and the cities of Kuusamo, Pudasjärvi, Raahe and the Oulu Region Joint Authority for Education. The Oulu South, Raahe regional municipalities, Oulunkaari municipalities, Posio and Taivalkoski municipalities can join the service based on this resolution. The region aims in its development to adopt a common procurement system. The solution covers BasWare Purchase Management as well as the new sourcing solution, BasWare RFx Management. The agreement also includes the option to extend the solution to cover the new contract management solution and a solution for versatile reporting. The solution will be implemented as a so-called Software as a Service (SaaS) delivery. The service covers BasWare's procurement solutions and services related to the implementation as well as continuous services related to system administration and maintenance of electronic product catalogues. In addition, the agreement also covers services related to the technical platform. The value of the agreement to be signed based on the resolution is over EUR 1 million and includes the implementation process as well as the continuous fees based on the amount of users. The solutions will have a total of 3 000 end users at the Oulu region. With the sourcing solution, the Oulu region can carry out a competitive bidding process complying with the public sector procurement legislation. The solution increases the efficiency and control of the procurement process. The sourcing solution integrates seamlessly with BasWare Purchase Management. The City of Oulu already uses BasWare Invoice Automation solutions and the procurement solution will also be integrated to the solutions used by other municipalities in the region. By adding the procurement solutions, the region can now automate the entire purchase to pay process."This agreement attest to our solution's suitability and competitiveness in managing public sector procurement. Our solution covers the entire purchase to pay process, making it a unique solution in the market, " says Ilkka Sihvo, CEO, BasWare Corp. BasWare Purchase Management, BasWare RFx Management and BasWare Contract Lifecycle Management are part of the company's Enterprise Purchase to Pay suite. The solutions enable medium to large companies to improve efficiencies and control and reduce costs as well as meet compliance requirements. For more information, please contact CEO Ilkka Sihvo, BasWare Corp. Tel. +358 9 8791 7251 or +358 40 501 8251 BASWARE CORP. Ilkka Sihvo Distribution Helsinki Stock Exchange Key media www.basware.com
BasWare to deliver an extensive procurement solution as a service to the City of Oulu region
| Source: BasWare