ReadSoft signs new partner agreement to accelerate sales to the US government


STOCKHOLM, Sweden, Nov. 04, 2003 (PRIMEZONE) -- ReadSoft now announces an alliance with NMS Imaging, an American integration leader specializing in information delivery systems. NMS will introduce ReadSoft's products to US state and federal government agencies, enforced by their collaboration with the Federal Supply Service (FSS).

ReadSoft's new partner agreement with NMS Imaging provides ReadSoft with a ticket to US government purchasing departments. This means that American state and federal customers can choose ReadSoft's products without a lengthy tender. In the world of the US government, FSS is the way to put a company and its products in front of government purchasers.

"The new collaboration with NMS Imaging increases our chances to market and sell our products to a vast group of government agencies in the States. We believe that NMS's relationship with the FSS will play an important role in our ability to deliver document capture products to clients all over the US," says Jan Andersson, Managing Director of ReadSoft.

More services and products than any commercial enterprise in the world. The FSS is part of the GSA, the US General Service Administration. The Federal Supply Service serves the federal community as a trusted source for business, administrative, and mission solutions. It provides a source for virtually every commercial product or service an agency might need. With a business volume in excess of $25 billion, FSS offers more services and products than any commercial enterprise in the world.

Mike Morrison, Vice President of NMS, says, "The government has provided us with various opportunities and continues to be a vast market for our solutions. FORMS and INVOICES are products that fit our customers' requirements."

Originally, NMS was selling a product from one of ReadSoft's competitors. They switched because ReadSoft offered NMS the ability to implement products straight out of the box, as well as integrating them with their own workflow product.

What is INVOICES?

ReadSoft's INVOICES solution is designed to recognize unstructured invoices and capture data such as sender, invoice number and invoice amount from anywhere on the document. Also, the software checks the data against information in the customer's business system.

What is FORMS?

FORMS reads handwritten text, machine-print, barcodes, check boxes, circles, tables, matrixes, and even complete addresses. Among other benefits, automatic forms processing is much faster than manual keying of information, offering a quick return on investment.

About ReadSoft

ReadSoft, is the world's leading supplier of software for document automation and associated information processing. The company develops and markets a broad range of products based on our own products FORMS, INVOICES and EZ-OUT, and supplementary systems developed for them. Since its founding in 1991, ReadSoft has developed into a global group with 11 subsidiaries in Europe, North and South America and Australia, and a large number of local and global partners. ReadSoft is headquartered in Helsingborg, Sweden, and its primary R&D facility is in Stockholm. ReadSoft has been listed on the Stockholm stock exchange, since 1999.

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