ReadSoft establishes subsidiary in Asia

The Swedish software company ReadSoft starts up a subsidiary in Asia,
headquartered in Kuala Lumpur, Malaysia. With this new addition, the
company now has 14 subsidiaries on four continents.

Previously, ReadSoft's partners and resellers have very successfully,
represented the company on the Asian market. With a growing number of
partners as well as large, international customers in the area,
ReadSoft has found it  important to take a more active role - hence
the establishment of a subsidiary. This focus on the Asian market
will substantially increase the opportunities to close more and
bigger deals in the region and ReadSoft expects a fast growth on the
market."Local presence puts extra focus on our solutions in this market and
we can give our customers and partners better support. This is an
exciting and growing market which we expect to penetrate further in
the future," comments Jan Andersson, President and CEO at ReadSoft.
The new subsidiary will be lead by Mr. Kam Kai Tung, previously
Regional Sales Director of Unisys - South Asia. Mr Tung has close to
20 years of industry experience in the Asian market. He is now the
Managing Director of ReadSoft Asia and plans to hire at least two
sales and support staff members during the first year. The focus for
the team in Malaysia will be on increasing the partner network in the
region and find more channels into the huge Asian market.

After opening the office in Kuala Lumpur ReadSoft now has
subsidiaries in the following fourteen countries: Sweden, Norway,
Denmark, Germany, Mexico, Finland, France, Spain, The UK, The US,
Chile, Brazil, Asia and Australia.

About ReadSoft
ReadSoft is a world-leading supplier of software for document
automation. The company develops and markets a complete software
platform for document automation under the name of ReadSoft
DOCUMENTS. The vision is to release businesses around the world from
handling documents manually. Since starting in 1991, ReadSoft has
grown to a worldwide Group with fourteen subsidiaries in Europe,
North America, South America, Asia and Australia, as well as a large
number of local and global partners. The head office is in
Helsingborg, Sweden, which - along with Stockholm - also houses the
Group's main research and development unit. The ReadSoft share is
traded on the Nordic Stock Exchange Small Cap list.

For additional information,
contact
Jan Andersson, CEO
Phone: +46 708376600
Jonna Opitz, Vice President Corporate
Communications
Phone: +46 733378668
jonna.opitz@readsoft.com

Find out more about the company at www.readsoft.com