ReadSoft signs USD 350,000 deal with global biopharmaceutical company

A U.S. based global biopharmaceutical company has decided to invest
more than USD 350,000 in ReadSoft's invoice automation solutions for
SAP. The agreement was signed in September 2008 and covers the
processing of tens of thousands of invoices annually. The solution
from ReadSoft will be implemented at the company's offices in the
U.S. as well as in several European countries.

This international biopharmaceutical company, a member of the Fortune
1000, currently employs over  3,000 people in  the United States  and
Europe. The company was looking for an accounts payable solution that
could increase both efficiency and visibility. With a strong existing
customer base in  the pharmaceutical industry  and tight  integration
with SAP, ReadSoft soon became the number one choice.

The agreement will  involve rolling out  ReadSoft's solutions  across
their A/P department allowing the customer to make better use of  its
staff, ensure higher-quality information, and reduce costs."We are delighted  to secure the  agreement with this  pharmaceutical
company as  it  gives  further evidence  to  our  invoice  automation
solution residing inside SAP across  all industry sectors," says  Jan
Andersson, President and CEO of ReadSoft.






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.