Media releases are provided as is by companies and have not been edited or checked for accuracy. Any queries should be directed to the company itself.

Basware strengthens global footprint by acquiring TAG Services in Australia

Basware, the leading provider of purchase to pay solutions, today announced that it acquires the entire share capital of Australian-based TAG Services.
  • 08 July, 2009 13:35

<p>Customers can now benefit from full support and services in all time zones</p>
<p>Sydney, July 6, 2009 -- Basware, the leading provider of purchase to pay solutions, today announced that it acquires the entire share capital of Australian-based TAG Services. TAG Services has been Basware’s partner in the region since 2001, distributing and implementing the Basware Enterprise Purchase to Pay Solutions in Australia and New Zealand. As a result of the acquisition, Basware extends its global reach further and is now able to provide its customers with full support and services across all time zones.</p>
<p>TAG Services holds a strong position on the Australian market, with its customers including Novartis, South Australia Department of Families &amp; Communities and the South Australian Department Of Health. Outside Australia, TAG Services has implemented Basware solutions in Asia for Crown Worldwide Group, helping them run a shared service center out of Kuala Lumpur for 50 subsidiary companies across 40 countries. TAG Services currently employs 15 people that will join Basware as a result of the acquisition.</p>
<p>"This acquisition gives us a strong foothold on the Australian market and enables us to further develop our business in the entire Asia Pacific region. We are glad to continue working with the TAG Services staff on building up the business in the area,” says Ilkka Sihvo, CEO of Basware. “We can now provide the Basware Enterprise Purchase to Pay solutions and services directly to end-users. This new geographical location also allows us to offer 24/7 support to our global customers.”</p>
<p>The market for Basware products in Australia is developing steadily, with electronic invoice processing and procurement becoming more widespread in the region as a result of, for example, increasing compliance requirements. Globally over 1,500 organizations across all major industry verticals rely on Basware to generate savings, gain control and improve visibility over the purchase to pay process.</p>
<p>“Basware provides truly world class purchase to pay software and is more fully developed than any competitive software currently available in the Asia Pacific region,” says Sandy Gellan, Managing Director of TAG Services. “Together with Basware, we have successfully incubated the Enterprise Purchase to Pay suite into the Australian marketplace. We see tremendous potential for the solutions across the region and are looking to build on this solid base and to further extend the penetration in Australia and beyond.”</p>
<p>For further information, please contact</p>
<p>Laura Skelley, Max Australia, tel. +61 2 9954 3492,</p>
<p>About Basware</p>
<p>Basware is the global leader in purchase-to-pay solutions with more than 1,500 customers and 850,000 users in over 50 countries around the world. With Basware, organizations can reduce the cost of buying and paying for goods and services and gain visibility and control of their entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable substantial cost reductions across businesses and deliver value by providing compliance and control, as well as fast return on investment. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners.</p>

Most Popular

Editor's Recommendations

Solution Centres


View all events Submit your own security event

Latest Videos

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

  • 150x50

    IDG Live Webinar:The right collaboration strategy will help your business take flight

    Speakers - Mike Harris, Engineering Services Manager, Jetstar - Christopher Johnson, IT Director APAC, 20th Century Fox - Brent Maxwell, Director of Information Systems, THE ICONIC - IDG MC/Moderator Anthony Caruana

    Play Video

More videos

Blog Posts

Media Release

More media release