Changes in Basware's Executive Team

2 november 2016

Basware Corporation, stock exchange release, November 2, 2016 at 10:00

Changes in Basware's Executive Team

On November 2, 2016, Riku Roos has stepped down from his position on the Basware Executive Team as the head of Customer Care and will pursue opportunities outside the company.

Executive Team member and Senior Vice President, Professional Services Matti Rusi will take responsibility of the Customer Care function. Rusi reports to Vesa Tykkyläinen, CEO, Basware Corporation.

Basware is now planning to introduce a new single delivery function, Customer Services, that will manage post-sales customer facing activities, combining Basware's professional services, customer support and activation services globally.

"Cloud revenue growth is the key focus for Basware. To support this, we need to evaluate our ways of working and operations in relation to our strategy, and where we can further improve our customers' success by increasing customer satisfaction and experience. I wish to thank Riku for his committed work and contribution to the company and wish him all the best for the future", says Vesa Tykkyläinen, CEO, Basware Corporation.

For more information, please contact:

Investor enquiries:
Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, ben.selby@basware.com

Media enquiries:
Sirje Ahvenlampi-Hyvönen, Communications Director, Basware Corporation
Tel. +358 50 557 3822, sirje.ahvenlampi@basware.com

Distribution:
Nasdaq Helsinki
Main media
www.basware.com/investors

About Basware:
Basware (Nasdaq: BAS1V) is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services.   Basware's commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at www.basware.com/investors .

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