Revenue In Second Quarter Of 2007 Brings An 11% Increase For ReadSoft Worldwide

Sales into the SAP space of ReadSoft North America are on track for impressive growth for the balance of 2007. For the second quarter of 2007, fiscal year revenues rose to $19.04M - up from $17.02M in the 2006 second quarter. The business operating result was a profit of $492,000. The second quarter business generated a positive cash flow of $2.4M. Revenues for the first 6 months of the year are up 9% from $32.4 million to $35.3M.

ReadSoft is gaining momentum with its ERP enhancement solutions. In the second quarter of 2007, ReadSoft was awarded the ECM Connection 2007 ACE Award in the Compliance category. Recognized for the ReadSoft DOCUMENTS for Invoices business solution, which manages and transfers Accounts Payable documents into ERP systems such as SAP, Oracle E-Business Suite and Microsoft Dynamics, the award solidified the advancements ReadSoft has made in the area of compliance of financial data into ERP applications.

"The ReadSoft products are a perfect fit for document process automation inside of the SAP, Oracle and Microsoft ERP systems," said Bob Fresneda, President of ReadSoft North America. "Due to our growth in the US during the second quarter of 2007, we have increased the number of personnel in our professional services team to meet the future demands of our products here in North America."

Please view our web site at www.readsoft.com to review the complete financial story on the 2007 second quarter results. Information is available in multiple languages by visiting our international web site in addition to the individual country websites.

About ReadSoft
ReadSoft is the global leader in the development and sales of a complete product platform for Document Automation. With thousands of customers on a global basis, ReadSoft supports customers and partners in North America with offices in 7 locations, including the corporate headquarters in New Orleans, LA.

Established in 1991, ReadSoft was first to bring free form technology for invoice processing to market and first to achieve certifications to enterprise resource planning systems such as SAP and Oracle. ReadSoft has become the global technology leader, with subsidiaries in 14 countries and partners in an additional 70. We are proud to have the largest and most innovative development department in the industry, with professional services to assist customers and partners on a global basis. ReadSoft's vision is to free businesses everywhere from manual document handling. For more information please visit www.readsoft.com

SOURCE: ReadSoft