Appointment of Salonen to Boost Basware’s Presence in Growing Market for Financial Automation Solutions
STAMFORD, Conn., Nov. 12, 2008 – Building upon its large presence in the U.S. market, Basware Corporation, a leading provider of Enterprise Purchase to Pay solutions, announced today that it has named Ari Salonen General Manager of its North American market. In this role, Salonen will drive Basware’s continued growth in North America and expand the use of the company’s world-class financial automation solutions, which are currently deployed in major companies throughout the U.S. and abroad.
“Ari brings to Basware a commitment to technology leadership and to guiding our rapid growth in the North American market,” said Basware’s chief executive officer, Ilkka Sihvo. “With extensive management and technology experience, Ari is a perfect choice to lead our North American team to the next level and strengthen our presence in this very important market.”
Salonen has extensive experience in the IT industry. Prior to joining Basware he held top management positions in several fast-growth enterprise software companies in the Boston area, including eCredit and CellExchange, among others. Salonen also was with McKinsey & Company, a management consultancy, where he advised technology companies on growth- related issues. Salonen has a doctorate degree from Helsinki University of Technology in Espoo, with post-graduate studies at Massachusetts Institute of Technology.
About Basware
Basware is the global leader in Purchase to Pay solutions with more than 1,200 customers and 650,000 users in over 50 countries around the world. Basware solutions automate business-critical financial processes and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners.
In 2007, net sales reached more than US $107 million. The growth target for net sales for 2008 is 15–25%. Founded in 1985, Basware Corporation is a public company listed on the OMX Nordic Exchange Helsinki (HEX:BAS). Headquartered in Finland, it has seven subsidiaries in Europe and one in the U.S. The company’s U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com/us.
