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Basware CEO Rings Closing Bell at NASDAQ; Celebrates 25 Years of Market Leadership

"Basware's global leadership, growth in the U.S. market and our financial success reflect a dedication and zeal to bring about continuous improvements in the purchase-to-pay process," said Sihvo. "I'm honored to represent Basware at the NASDAQ closing bell ceremonies and look forward to building upon our 25 years of product innovation and market leadership to bring financial automation to the next level in the U.S. as well as around the world."

Despite a challenging market situation last year, in 2009 Basware achieved its highest net sales in its history, and the company's operating profit grew by more than 15%. The company succeeded well in all of its markets, with most units meeting or exceeding their objectives for the year. Since its founding, Basware has been profitable, and it has paid dividends for all fiscal periods. In 2010 Basware expects its net sales to continue to develop positively at the level of 2009.

In addition to celebrating its 25th anniversary and ringing the NASDAQ bell, Basware also recognizes another important milestone: the company today announced that it has reached one million users of its purchase-to-pay solutions and services.

About NASDAQ:

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.

About Basware

Founded in 1985, Basware Corporation (HEX:BAS) is a public company listed on the NASDAQ OMX Helsinki ltd. Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and one million users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners. The company's U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.

The Basware name is a registered trademark of Basware Corporation. The Basware logo is a trademark of Basware Corporation. All other product and service names mentioned herein are trademarks of their respective companies.

INVESTOR RELATIONS CONTACT:
Basware
Jaana Sirkiä, 011 358 400 303 096
Jaana.sirkia@basware.com
or
MEDIA CONTACTS:
Basware, Inc.
Robert Cohen, 203-487-7905
robert.cohen[at]basware.com
or
Pardes Communications, Inc.
Linda Pendergast-Savage, 508-224-7905
pendergast[at]pardescommunications.com