ReadSoft closes deals totaling US$510,000 to end the 2008 year in Australia

ReadSoft closes two large document automation projects in Australia
to end the 2008 year. The combined value is more than US$510,000 and
the implementations will be carried out in the first quarter this
year. The orders include solutions for accounts payable automation
and enterprise wide automation in the insurance sector.

Due to competitive markets and confidentially agreements ReadSoft  is
not granted permission to mention the names of these customers.  Both
companies, however, hold  leading positions  within their  respective
market area.

The ReadSoft document automation  solutions for accounts payable  and
forms processing have proven to be extremely well positioned for  the
larger companies in Australia.  With the two recent  wins as well  as
announcement of the global agreement with Orica in September of  2008
ReadSoft is  making itself  known  as the  number 1  solution  within
document automation  in  Australia. The  latter  of these  two  deals
includes ReadSofts enterprise  wide automation  solutions CLASSIFY  &
INDEX as a centre piece of the customer's document process automation
strategy, and follows a successful pilot in Q4 2008."The investment that large companies are willing to make in our
solutions to automate the capture and flow of business documents is
of considerable importance to the future direction of ReadSoft," said
Jan Andersson, President and CEO of ReadSoft. "These deals also
manifest our leading position within document automation and are a
clear statement that our products fit the technology direction of
leading companies today and in the future."





For additional information please contact;
ReadSoft
AB
Jan Andersson, CEO, ReadSoft

Phone: +46 708 - 37 66 00
Jonna Opitz, Vice President, Corporate
Communications
Phone: +46 733 - 37 86 68
jonna.opitz@readsoft.com

About ReadSoft
ReadSoft is a leading global provider of software solutions for
Document Automation. ReadSoft's software enables companies to
automate document processes such as data entry, classification, ERP
matching, workflows, e-invoicing etc. The results are faster and less
expensive document processing, and increased control. ReadSoft is by
far the world's number one choice for invoice automation solutions.
Specialized solution labs for SAP, Oracle, Microsoft and Capture
processes ensure cutting edge solutions with great customer value.
Since the start in 1991, ReadSoft has grown to a worldwide group with
operations in 16 countries on five continents and a network of local
and global partners. The head office is located in Helsingborg,
Sweden and the ReadSoft share is traded on the Nasdaq OMX Nordic
Exchange Small Cap list. For more information about ReadSoft, please
visit www.readsoft.com.