BasWare to acquire invoice automation solution provider Digital Vision Technologies Ltd

BasWare CORP. STOCK EXCHANGE RELEASE SEPTEMBER 10, 2007

BasWare Corporation ('BasWare') has today agreed on an acquisition of the entire share capital of Digital Vision Technologies Ltd ('Digital Vision'). The acquisition price amounts to approximately EUR 9.2 million and will be paid in cash in two parts. A total of EUR 9 million was paid in conjunction with the completition of the acquisition. The remainder will be determined by Digital Vision's net assets on the Interim Financial Statements on August 31, 2007 and will be paid by the beginning of October 2007. The acquired company is owned by local investors and the current management of the company that will also continue to be employed by the company. The company's net assets totaled over EUR 1 million at the end of the fiscal year, ending on March 31, 2007 and it is estimated that there has been no substantial change to those by the time of the acquisition. The acquisition increases BasWare's net sales by approximately EUR 2 million in 2007.

Digital Vision is a UK-based software solution consultancy specializing in data capture and invoice automation. Digital Vision's solutions are tailored customer-specifically and, in addition to the company's own modules, include DICOM Group Plc's scanning and data capture Technology and Contempus invoice automation solution. Digital Vision has approximately 70 customers, the largest ones being Premier Farnell, Barclays Bank, HBOS, DSG Retail, Alliance & Leicester and Pentland Brands.

In accordance with BasWare's acquisition strategy, the acquisition strengthens BasWare's market position in the United Kingdom and extends BasWare's customer base in the area. The acquisition also extends BasWare's expertise in scan & capture solutions. Digital Vision's current organization will be combined with BasWare's UK subsidiary. This will create a strong organization of approximately 70 employees and with that organization it is possible to achieve a market-leading position in the United Kingdom in Enterprise Purchase to Pay and scan & capture solutions. BasWare offers Data Capture Solutions as part of its Enterprise Purchase to Pay portfolio. The Data Capture Solutions extracts key data from paper invoices for further processing, thus streamlining electronic invoice processing.