Breakthrough for ReadSoft's new technology in North America - wins order worth US$400,000

A major international submetering and billing company has decided to
implement ReadSoft's solutions for document classification and
processing in their North American operation. ReadSoft software will
automatically process invoices and also sort and categorize various
incoming documents using ReadSoft's new products CLASSIFY and INDEX.
The deal is worth US$400,000.

The customer, which wishes to be anonymous at this time, had been
using a competitive scanning solution for some time but  now needed a
more modern solution to improve their document processes. After
evaluating different solutions on the market, ReadSoft was chosen as
the supplier of choice together with Washington DC-based partner, NMS
Imaging.

ReadSoft software will not only be used to automate the processing of
one million invoices every year,  it will also sort and categorize
200,000 incoming documents of various kinds, such as summary bills,
checks, disconnect notices, and property notifications. This
automatic sorting will be processed with ReadSoft's new CLASSIFY and
INDEX solutions. Furthermore, ReadSoft's new REPORTER technology will
be used to provide online statistics and analytics throughout the
lifecycle of the process."This is yet another big deal for us on the North American market
where we are very successful at the moment," says Jan Andersson,
President and CEO at ReadSoft. "It is especially rewarding to see
that our new products, REPORTER, CLASSIFY and INDEX, are starting to
pick up speed, and more and more companies are starting to show
interest in this new technology. I am certain that this client will
save a lot of time and money and boost their document processing
efficiency."




For additional information please 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.