Medical manufacturing company signs 1.1 MUSD deal with ReadSoft

Regulatory News:

ReadSoft North America (STO:RSOFB) has reached an agreement with a global manufacturing company in the healthcare sector. ReadSoft will provide its SAP®-certified invoice automation solution PROCESS DIRECTOR in a deal worth 1.1 MUSD. The deal was signed in the fourth quarter of 2012.

The customer sought an automation solution with seamless integration into its SAP Enterprise Resource Planning System to streamline its accounts payable operations across its shared service centers located in Europe, Asia and the United States. As the company aimed to standardize its global accounts payable operation, it recognized ReadSoft’s unparalleled track record of hundreds of implementations within SAP environments and selected the leading solution provider to spearhead its global invoice processing initiative. By automating its invoice processing seamlessly within SAP, the company looks forward to reduced invoice processing cycle times and improved visibility and control over invoices.

"This company chose ReadSoft as they recognized the need to automate processing for faster, leaner, and more cost-effective operations,” says Per Åkerberg, President and CEO of ReadSoft. "We look forward to playing an important role in the success of this significant international company by helping them save time and money with processes in their SAP ERP system.”

Within this press release, ReadSoft’s customer in the transaction or co-operation is not mentioned by name. This is due to the fact that they have requested to remain anonymous. This is information of the type that ReadSoft AB (publ) is obligated to disclose in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on January 4, 2013 at 11:45 CET.

About ReadSoft

ReadSoft is a leading global provider of software solutions for Document Process Automation. ReadSoft’s software enables companies to automate document processes such as accounts payable processing (http://www.readsoft.com/purchase-to-pay.aspx), document capture (http://www.readsoft.com/enterprise-capture.aspx), document sorting (http://www.readsoft.com/software-products/document-capture.aspx), and order to cash (http://www.readsoft.com/order-to-cash.aspx). ReadSoft is by far the world’s number one choice for automated invoice processing (http://www.readsoft.com/software-products.aspx), especially into business systems from SAP (http://www.readsoft.com/default/sap-solutions) and Oracle (http://www.readsoft.com/default/oracle-solutions). Since the start in 1991, ReadSoft has grown to a worldwide group with operations in 17 countries on six 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 Stockholm's Small Cap list. For more information about ReadSoft, please visit www.readsoft.com.

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