Changes in Basware's Executive Team Basware Cor

Basware Corporation, stock exchange release, March 13, 2017 at 11:00

Changes in Basware's Executive Team  

With continued focus on developing financing services, Basware is establishing the Network and Financing Services business area, in order to find new synergies in the continuous expansion and development of the Basware Network and related value added services.

A new position of Senior Vice President, Network and Financing Services will have responsibility for managing and growing Basware's Network as well as the expansion of Basware's value added services offering, including Basware's financing services.

"Growing the Basware Network and expanding value added services are two of the three pillars of Basware's strategy. Basware has the largest e-invoicing network in the world and this is a huge data asset. We believe that integrating value added services including financing services under the same business area leadership as the network will lead to better development of our network, further innovation of data based solutions and services and more effective prioritization and efficient use of resources", says Vesa Tykkyläinen, CEO, Basware Corporation.

Mr. Ad van der Poel has stepped down from his position on the Basware Executive Team as the head of Financing Services and will pursue opportunities outside the company as of March 17, 2017. The position of Senior Vice President, Financing Services will cease to exist.

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 Key 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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