BasWare Brings Benefits of its Enterprise Purchase to Pay Software to U.S. Market.

STAMFORD, Conn. -- World Leader in Enterprise Purchase to Pay Solutions Establishes U.S. Headquarters; Appoints Marketing Director

BasWare Corp., a subsidiary of Finland-based BasWare Corporation (HEX:BAS) and a leading provider of software solutions that automate the purchase to pay process for enterprises around the world, today announced that it has opened headquarters in Stamford, Conn. and appointed Robert Cohen, director of marketing for North America. These moves follow the recent announcement of BasWare's appointment of David Furth, general manager, North America. The expanded North American presence is being established to keep pace with the company's major international growth, driven by heightened market demand and revenue growth.

With new corporate headquarters on 60 Long Ridge Road in Stamford, Conn., the company is planning for significant expansion throughout the remainder of 2005.

"Increasingly, foreign corporations are finding Stamford as their ideal North American home," said Stamford Mayor Dannel Malloy. "Whether they are the large institutions like international banks or growing enterprise software companies like BasWare, the city offers proximity to New York City with a business cachet not found in other suburban communities and lower costs. We look forward to BasWare's continued growth in Stamford."

"BasWare's major expansion into the U.S. market reflects the company's overwhelming success in Europe, as well as the burgeoning market demand among major North American enterprises for an advanced, easy to use financial management tool for their enterprise purchase to pay processes," said David Furth, general manager, North America, BasWare Corp. "BasWare products are fast becoming the standard solutions in Europe, and North America is following suit, as companies realize the role our solutions can play in assisting them with their compliance requirements, while saving costs and improving efficiencies in their enterprise purchase to pay processes."

Further demonstrating its expansion into the North American marketplace, BasWare has hired Robert Cohen, director of marketing, to join its U.S.-based team. Prior to joining BasWare, Cohen held marketing management and business development positions at American Express, Cendant Corporation, SMARTS, Information Builders and Computer Associates.

"The addition of Bob Cohen to our team reinforces our commitment to extend the benefits of BasWare solutions to the U.S. market," said Furth. "Bob's extensive marketing experience and proven ability to effectively communicate with customers and partners will help us expand our outreach to North American customers and grow our business."

BasWare offers best-of-breed solutions that enable companies and organizations to reduce costs, expedite processes and achieve full control over the entire purchase to pay cycle. Its product suite includes BasWare Invoice Processing, BasWare Purchase Management and BasWare Document Archiving as well as value-added products for Order Matching and Recurring Invoice Matching. Together these applications provide a unique financial management tool that drives operational efficiency, ensures corporate governance, and offers a demonstrable return on investment.

About BasWare

BasWare Corporation (HEX: BAS) is a profitably growing global software company with more than 250,000 users in more than 20 countries. BasWare develops innovative software that automates financial processes for large companies, such as American Eagle Outfitters, Children's Memorial Hospital, Honda Motor Europe, KLM Royal Dutch Airlines, Manpower and Panasonic. Headquartered in Espoo, Finland, the company has seven subsidiaries located in the United States, United Kingdom, France, Germany, Sweden, Denmark and the Netherlands. Founded in 1985, BasWare's net sales in 2004 were more than (US) $40 million. The company currently employs more than 300 people. Additional information is available at www.basware.com.

The BasWare name is a registered trademark of BasWare Corporation. The BasWare logo, BasWare Invoice Processing, BasWare Purchase Management and BasWare Document Archiving are trademarks of BasWare Corporation.