Basware appoints former Verian CEO as General Manager, North America

STAMFORD, Conn., April 12, 2016 -- Basware, the global leader in providing networked purchase-to-pay (P2P) solutions, e-invoicing and innovative financing services, today announced that it has appointed Tehseen Dahya to the position of general manager, North America. Dahya, who was the CEO of Verian, a leading cloud-based solution provider that Basware recently acquired, will provide the executive leadership and strategic and operational direction to support the company's accelerated growth plans throughout North America.

"Tehseen brings great talent and leadership to the Basware North American team. He is passionate about helping customers achieve success by delivering innovative solutions that drive measurable results. His expertise and in-depth insight into the purchase-to-pay market, and e-procurement in particular, will be invaluable as we expand Basware's market position in the U.S.," said Esa Tihilä, CEO, Basware Corporation.

Dahya's appointment follows Basware's acquisition of Verian, which was announced on March 31 of this year. The acquisition further strengthens Basware's market position in the U.S. and supports Basware's strategy to grow its cloud-based business revenues in key markets. Verian brings new cloud-based customers and added e-procurement capabilities to Basware's portfolio. The acquisition enables Verian customers to leverage the power of Basware's world's largest open commerce and financing network and its market-leading financing services offering.

Dahya has spent almost two decades working in the supply chain, wholesale distribution, healthcare Group Purchasing Organization (GPO) and purchase-to-pay arenas. As co-founder and CEO of Verian, Dahya had successfully led Verian from a start-up to an industry leader. Prior to Verian, Dahya, a serial entrepreneur,  co-founded Eastern Medical and Surgical, an independent medical and surgical supply distribution company focused on acute, long-term and alternative care. He helped grow Eastern Medical from a start-up to the largest independent distributor of medical supplies in the Carolinas prior to selling the company to Henry Schein (Nasdaq: HSIC). Concurrently with Eastern Medical, Dahya also co-founded HealthNet, an Internet-based healthcare registry which he grew and sold to Palmetto Richland Memorial Hospital System in the Carolinas.

Dahya's extensive knowledge and industry experience has made him a sought-after expert and thought leader. He has presented at major industry events such as ePurchasing Week, Supply Chain Expo, iSource and others.  Dahya holds a bachelor's degree in Metallurgical and Materials Engineering from Queen's University in Canada and an MBA from the Darla Moore School of Business at the University of South Carolina.

About Basware
Basware is the global leader in providing networked purchase-to-pay solutions, e-invoicing and innovative financing services. Basware's commerce and financing network connects businesses in more than 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. The company's North American business, Basware, Inc., is headquartered in Stamford, Conn. Find out more at www.basware.com.

Follow Basware on Twitter: @Basware, join the discussion on the Basware LinkedIn, Basware Facebook and Basware Blog and subscribe for the latest news.

COMPANY CONTACT:
Robert Cohen
Basware, Inc.
robert.cohen[at]basware.com
203-487-7905

MEDIA CONTACT:
Diane Pardes
Pardes Communications, LLC
dpardes[at]pardescommunications.com
781-652-8059

HUG#2002765