Active Software Announces Initial Public Offering.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Aug. 12, 1999--

Active Software(tm), Inc., (Nasdaq:ASWX) today announced the initial public offering of 3,500,000 shares of common stock at a price of $11.00 per share. All of the shares were offered by the company.

Active Software's initial public offering was jointly led by Goldman, Sachs & Co. and Lehman Brothers Inc., with Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, acting as co-manager. The underwriters will have a 30-day option to purchase up to 525,000 additional shares of common stock from the company solely to cover over-allotments, if any. The common stock will be listed on the Nasdaq National Market under the symbol ASWX.

Active Software is a provider of software that enables the seamless exchange of information among incompatible software applications used by an enterprise and its customers, suppliers and partners. The company's ActiveWorks Integration System empowers customers to become electronic businesses, conducting their business operations and transactions electronically through the use of the Internet and other networking technologies. As a result, customers are able to take advantage of their long-term investments in applications, systems and technologies. The ActiveWorks Integration System provides significant business benefits to customers by allowing them to bring their products and services to market faster, and respond more quickly and at a lower cost to the evolving needs of their enterprises.

Copies of the Prospectus relating to the offering may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004; from Lehman Brothers Inc., 3 World Financial Center, New York, NY 10285; or from Dain Rauscher Wessels, 60 South Sixth Street, Minneapolis, MN 55402.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Note to Editors: The Active Software logo, Active Software and ActiveWorks, are trademarks or registered trademarks of Active Software Inc. All other trademarks mentioned herein are the property of their respective owners.