Accrue Software Names Gregory C. Walker as VP of Finance and Chief Financial Officer.

SUNNYVALE, Calif.--(BUSINESS WIRE)--April 6, 1999--Accrue Software, Inc., the leading provider of enterprise Internet software solutions for eBusiness, today announced the appointment of Gregory C. Walker as VP of Finance and Chief Financial Officer (CFO).

Walker has over 19 years experience in financial operations for high growth technology companies, including Synopsys, Xerox and IBM, and most recently served as CFO for Duet Technologies, a worldwide provider of semiconductor-design services and software. As CFO for Duet, Walker helped to redirect the company strategy and successfully grew international operations throughout India, Europe and Japan.

Walker also played a key role in the development of Duet by completing a major merger for the multi-national company and raised $32 million in equity and debt financing. Prior to Duet, Walker spent a six-year tenure at Synopsys Incorporated, a leading supplier of electronic design automation solutions for the global electronic market, where as Vice President of Finance and acting CFO he managed Investor Relations, Corporate Finance, Operations and MIS.

At Synopsys, Walker played a direct role in assisting the CEO and Board of Directors in evaluating and executing all merger and acquisition activities. Walker originally managed the dual functions of treasury and business planning as the company grew from a $20 million venture-backed firm to a $400 million NASDAQ listed company.

"Greg is an outstanding addition to the Accrue management team," said Rick Kreysar, president and CEO of Accrue Software. "He has a proven track record of stellar results serving as CFO for multi-national and fast growing high technology companies. Accrue is poised for rapid growth and Greg's expertise in building solid financial infrastructures, mergers and acquisitions and international expansion will be a tremendous asset to Accrue."

Walker launched his professional career as an economist at Xerox Corporation in 1980. Later, at Shugart, he managed the overall strategic and business planning processes within this disk drive subsidiary of Xerox. As Manager of Financial Planning and Analysis for ROLM-IBM from 1985 through 1987, Walker standardized the profit forecasting process and established a corporate-wide product line profitability analysis system. From 1987 to 1990, he served as Treasurer for Integrated Device Technology, managing all aspects of corporate treasury for the $250 million semiconductor manufacturer.

"Accrue is clearly the leader in high-end eBusiness site analysis, giving the company a tremendous market opportunity to capitalize on the explosion of e-commerce," said Walker. "As companies increasingly rely on the Web as a mission-critical business channel, Accrue's position in the e-commerce supply chain will continue to grow. My initial role as a member of the Accrue management team will be to help guide the company through this exciting period of growth and opportunity."

About Accrue Software

Accrue Software, Inc. is the leading provider of enterprise Internet software solutions for eBusiness. The company's flagship product, Accrue Insight, is the most comprehensive, scalable eBusiness analysis solution available, allowing organizations to evaluate the effectiveness of their electronic business while attracting new customers, increasing sales and retaining customer loyalty. Accrue Insight has gained a leadership position among corporations in five key markets: Publishing, Entertainment, Retail, Computer Technology, and Financial Services.

Accrue's fast-growing list of customers includes Apple Computer (Nasdaq:AAPL), DHL Airways, DreamWorks SKG, Federal Express (NYSE:FDX), Ford Motor Company (NYSE:F), Miller Freeman, Inc., Motorola (NYSE:MOT), N2K, Inc. (MusicBoulevard) (Nasdaq: NTKI), Preview Travel (Nasdaq:PTVL), San Jose Mercury News, Standard & Poor's MMS, Sun Microsystems (Nasdaq:SUNW), TheStreet.com and T. Rowe Price (Nasdaq:TROW).

Located in Sunnyvale, Accrue Software can be reached at 408/542-8900 or [e-mail]. For more information on the company, visit www.accrue.com.

Note to Editors: Accrue Software and Accrue Insight are trademarks of Accrue Software, Inc. All other trademarks are the properties of their respective owners. All rights reserved.