Brainware, Inc. Opens U.S. Headquarters in Dulles, Virginia; Former Brainware Division of SER Solutions, Inc. Operates as Independent Software Provider.

DULLES, Va. -- Brainware, Inc., a leading provider of intelligent data capture, desktop and enterprise search and retrieval, and electronic document management solutions, today announced that it has opened its new U.S. headquarters in Dulles, Virginia. Brainware, Inc., formerly the Brainware Division of SER Solutions, Inc., is an independent software provider with sales offices in the U.S. and Europe.

Vista Equity Partners, a technology-oriented investment company, is an equity investor. Drawing on more than $1.2 billion of equity capital, Vista is uniquely positioned to help Brainware, Inc. strengthen and expand its presence in the marketplace.

Brainware, Inc. is led by former executives from SER Solutions, Inc. who hold the following key management positions:

--Carl E. Mergele - Chief Executive Officer

--James Zubok - Chief Financial Officer

--Tom Cosgrove - Director of Operations

--Werner Voegeli - Director of Research & Development

Dedicated to improving workplace productivity, the company has a proven track record of helping blue-chip customers - including Global 2000 corporations, leading law firms, and engineering companies - automate document-intensive processes and easily locate and retrieve business information in real-time. Brainware(TM), the company's patented, intelligent software engine, forms the foundation for all Brainware, Inc. products:

--A/P-distiller(TM) (formerly SERdistiller for Invoice Processing)

--IDC-distiller(TM) (formerly SERdistiller for Intelligent Data Capture)

--OTC-distiller(TM) (formerly SERdistiller for Order-to-Cash)

--Globalbrain(TM) Personal Edition (formerly SERglobalBrain Personal Edition)

--Globalbrain Enterprise Edition (formerly SERglobalBrain Enterprise Edition)

--OutlookAccess(TM) (formerly SERoutlookAccess)

--eDM(TM) (formerly SER eDM)

"Our cutting-edge product portfolio provides the springboard required to establish Brainware, Inc. as a pre-eminent vendor in the market," said Carl E. Mergele, CEO, Brainware, Inc. "Our business strategy is focused on delivering best-of-breed data capture, search and retrieval, and document management products that will drive new partnership opportunities as well as deliver measurable return on investment for our customers."

Brainware's suite of data capture solutions streamline critical document-intensive processes by automating manual data entry. They automatically analyze incoming documents, such as invoices, claim forms, purchase orders, and correspondence, sort them based upon document content - independent of form or layout - and then extract key data elements for use by downstream business systems for processing or to document management systems for storage. Customers are able to increase production throughput by 40-80%. The products' unique supervised learning, table extraction, and advanced Vendor/Supplier matching capabilities significantly minimize system set-up and ongoing administration and lower the total cost of ownership.

"There is an increasing understanding in corporations that paper documents are not going away and will continue to form part of business transactional sets," said Harvey Spencer, Principal, Harvey Spencer Associates, an analyst consulting company that follows the document capture market. "Capturing the information from these paper documents as well as electronically originated transactions in an efficient manner is critical in today's business environment. As a result, we have forecasted a compound annual growth of 15.4% through 2008. Launching Brainware, Inc. as a separate corporation focused on this market helps drive that growth with innovation that will benefit their customers and the market overall."

Brainware, Inc.'s intelligent search and retrieval suite of products include:

--OutlookAccess - A unique e-mail search tool that is integrated directly into Microsoft's Outlook 2000+ toolbar so users can quickly and easily search and find e-mails, e-mail attachments, contacts, notes, tasks and posted documents.

--Globalbrain Personal Edition - A Windows-based desktop search product that enables users to quickly and easily find and organize information on their PCs or available network drives.

--Globalbrain Enterprise Edition - An enterprise-wide solution that provides a single interface to quickly search millions of documents and terabytes of data to locate information across multiple systems and geographic locations.

"With some litigation cases involving over 50,000 documents, we found that no other search and discovery tool could compete with Globalbrain," said Jack Vaughan, Administrative Partner, Fulbright & Jaworski L.L.P. "Our firm is nationally recognized for our litigation practice, which is why we depend on the most advanced technology to manage case information. Globalbrain is one of our unique competitive advantages."

Brainware eDM offers a comprehensive suite of secure and robust document management capabilities that help organizations easily administer and maintain the integrity of corporate information. eDM automates the capture, classification, indexing, and management of intellectual capital, linking corporate knowledge to employees, partners, and customers. Through a Windows or web-enabled interface and defined permission levels, users can easily search, check-out, edit, check-in and distribute documents. As a result, organizations are able to deliver timely information which accelerates the decision-making process and increases productivity.

"eDM enables us to track and quickly retrieve documentation on a number of major projects, resulting in more efficient use of our time and resources throughout our complete project life cycle including Feasibility, Planning, Design, Tendering, Build, Handover, Operation, and Maintenance," said Martin Brazier, Information Systems Manager, Southern Water.

About Brainware, Inc.

Brainware, Inc. provides cutting-edge software solutions that enable enterprise organizations to significantly improve document-intensive processes and measurably increase workplace productivity. Its patented intelligent software engine, Brainware(TM), forms the foundation of its powerful intelligent data capture, electronic document management, and desktop and enterprise search and retrieval solutions. The company's U.S. headquarters is located in Dulles, Virginia with operations in North America and Europe. Additional information on Brainware, Inc. is available at www.brainware.com.

Brainware, A/P-distiller, IDC-distiller, OTC-distiller, Globalbrain, OutlookAccess, and eDM are trademarks of Brainware, Inc. All other trademarks are the property of their respective owners.