ReadSoft signs $1.25M USD global deal with large

ReadSoft continues to win major SAP accounts payable automation
projects in the North American market. This time, a U.S. based
Fortune 500 company within the industrial/service sector has decided
to invest $1.25M USD in ReadSoft's solution. The implementation will
be made at corporate facilities in the U.S., Canada, Spain, Asia and
Latin America. The roll-out of the solution is planned to start
during the summer of 2008.

Due to competitive markets and a confidentially agreement, ReadSoft
is not granted permission to mention the name of this 29 billion
dollar company. With 60,000 employees and operations in over 70
countries world-wide, this corporation offers a wide range of
products and services for markets including agriculture, nutrition,
electronics, communications, safety and protection, home and
construction, transportation and apparel.

The overall goals for this customer were to purchase a technology
that could handle both paper and electronic invoices, and start the
move away from paper and more to electronic means when it comes to
document processing. ReadSoft's SAP solution including the products
INVOICE COCKPIT, WEB CYCLE, ANALYZER, WEB BOARD and INVOICES proved
to be the perfect fit to solve these needs. The customer especially
saw a big value in the use of WEB BOARD to allow suppliers to enter
invoices and check payment status online."We started working with this company on the Spanish market a few
years ago, says ReadSoft's President and CEO Jan Andersson."Therefore it is gratifying that we now got the opportunity to
roll-out the solution to the entire group. This is a good example of
our strategy of gaining a foothold with multinational companies to
set the stage for group-wide agreements."

For additional information, 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.

ReadSoft signs $1.25M USD global deal with large U.S. industrial/service corporation

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