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ReadSoft’s Oracle Footprint Expands as Top Executive Opens U.S. Solutions Lab

ReadSoft expands its Oracle Solutions Lab to Raleigh, NC, renewing its efforts to serve the growing Oracle market in North America. Thirty-year industry veteran, Rowland Archer will provide executive oversight of the lab, utilizing his unparalleled experience to lead the Oracle development team in providing innovative solutions and support to ReadSoft North America and subsidiaries worldwide.

New Orleans, LA, September 22, 2010 --( With its U.S. Oracle Solutions Lab up and running, ReadSoft’s development team is equipped to deliver cutting-edge solutions with Oracle integration, while serving as a valuable channel for customer input during the pre and post sales cycles. Rowland Archer will spearhead the lab’s effort with over three decades of experience leading commercial software product development organizations to deliver customer-focused solutions to the market.

Prior to joining ReadSoft, Rowland served as CTO and SVP of Engineering at GXS, where he was responsible for the industry’s leading global B2B integration platform. With over 30,000 customers and 200,000 connected trading partners, Rowland managed the platform’s success as many utilized the platform to integrate their supply chains with Oracle E-Business Suite. Rowland was also co-founder and CTO of HAHT Commerce, an award-winning provider of sell-side B2B e-Commerce solutions which maintained tight integrations with industry-leading ERP systems such as Oracle.

“Over the years we have expanded our product offering in response to the growing Oracle market in North America,” said Bob Fresneda, President of ReadSoft North America. “By opening the U.S. Oracle Solutions Lab, we are equipped to serve a greater share of the Oracle market with promising direction from Rowland Archer.”

“Leading the expansion of ReadSoft’s Oracle Solutions Lab to the U.S. is an exciting endeavor as we invest in the local Oracle E-Business Suite talent pool in ways that will only enhance the lab’s offering,” said Rowland Archer, President of ReadSoft’s Oracle Solutions Lab. “I look forward to working closely with the development and sales teams to strengthen our customer support as well as ReadSoft’s long-time partnership with Oracle.”

About ReadSoft:

ReadSoft is the global leader in the development and sales of a complete product platform for Document Process 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 operations in 16 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


For more information, please contact:

Tim Dubes, Vice President of Marketing, ReadSoft. 504.841.0106

This press release contains forward-looking statements within the meaning of the federal Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, references to future growth or expansion are forward-looking, and words such as "anticipates," "believes," "could," "estimate," "expect," "intend," "may," "might," "should," "will," and "would" and other forms of these words or similar words are intended to identify forward-looking information. You should read statements that contain these words carefully because they discuss our future expectations contain projections of our future results of operations or of our financial position or state other forward-looking information. There may be events in the future that we are not able to predict or control accurately, and any forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially. These risks and uncertainties include: (i) the ability to recruit and retain qualified technical and other personnel in a highly competitive market, (ii) market acceptance of our new and future products, (iii) the growth and adoption rate of Windows NT and Windows 2000, (iv) growing competition and (v) our ability to maintain and manage our growth. For additional information regarding risk factors that could affect our future results, please refer to the discussions of "Risk Factors" in our Form 10-Q for the quarter ended June 30, 2000, filed with the SEC on August 8, 2000, and our Form S-1/A Registration Statement Amendment filed on March 9, 2000.
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