BasWare chosen to deliver a comprehensive procurement solution to the Finnish State Treasury

BASWARE CORP. STOCK EXCHANGE RELEASE SEPTEMBER 28, 2007
BasWare Corp. has been chosen to deliver a comprehensive procurement
solution to the Finnish State Treasury, to be taken in to use in the
entire state administration. BasWare's procurement solutions 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 service also covers services related to
the technical platform. The value of the agreement to be signed based
on the resolution is over EUR 4.9 million for the first two years,
based on the overall price used in the offer comparison.  The
agreement will include the implementation project as well as the
continuous fees based on the amount of users. The solution will have
approximately 40 000 end users."The State Treasury is our most significant public sector customer
for our procurement solution. Our solutions streamline public sector
procurement processes and also generate cost savings," says Ilkka
Sihvo, CEO, BasWare Corp.

The BasWare solution will be integrated to the State Treasury's
existing invoice processing system. The BasWare solutions now
automate the entire purchase to pay process of the state
administration, from purchase requisition creation to electronic
invoice processing and transfer to payment.

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