Captiva CEO to Open NASDAQ National Market for Trading on Monday, March 8.

Business Editors/High-Tech Writers

AIIM 2004

SAN DIEGO--(BUSINESS WIRE)--Feb. 26, 2004

Ceremony to Recognize Company's Success in 2003, Coincides with

Start of AIIM 2004 Conference & Exposition

Captiva Software Corp. (NASDAQ: CPTV), a leading provider of input management solutions, today announced that its president & CEO, Reynolds C. Bish, will preside over the opening of the NASDAQ National Stock Market for trading on Monday, March 8, 2004. The ceremony will take place at 9:15 a.m. EST at NASDAQ's MarketSite broadcast studio in New York City, and will coincide with the start of the AIIM 2004 Conference & Exposition, taking place at the Javits Center March 8 - 10.

"We're excited to open the NASDAQ market for trading as part of our AIIM kickoff, as well as in recognition of our record-setting revenues, earnings and stock performance in 2003," said Bish. "The opening is a way for us to acknowledge and thank all those who contributed to our success in 2003, including our customers, partners, shareholders and employees."

On February 4, Captiva announced revenues for the year ended December 31, 2003 were a record $57.1 million, an increase of 18% on a pro forma basis compared to the previous year. Pro forma diluted earnings per share for 2003 increased to a record $0.32, an increase of 88% over the $0.17 reported in 2002. The pro forma EPS figure for 2003 was calculated using 11.2 million diluted shares compared to only 8.9 million in the prior year. Captiva's share price increased from $1.60 at January 1, 2003 to $12.67 at December 31, 2003, a 692% increase.

Serving as the epicenter for NASDAQ news and events, MarketSite is located in the heart of New York's Times Square. Each day, MarketSite hosts some of the world's most prestigious business leaders to preside over the Market Open. A live Webcast of Captiva's opening ceremony will be available on the NASDAQ MarketSite Web site at www.nasdaq.com/reference/marketsite_about.stm. Media feed information can be obtained by calling the NASDAQ traffic department at 646- 441-5220.

Produced by Advanstar Communications, the AIIM (Association of Information and Image Management) 2004 Conference & Exposition takes place March 8 - 10 at the Javits Center in New York City. Sponsored by AIIM International, the event is the premier conference of the enterprise content management (ECM) industry. More information can be found at www.aiimexpo.com.

About Captiva Software

Captiva Software Corp. (NASDAQ: CPTV) is a leading provider of input management solutions. Since 1989, the company's award-winning products have been used to manage business critical information from paper, faxed and electronic forms, documents and transactions into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms, documents and transactions annually, converting their contents into information that is usable in database, document, content and other information management systems. Captiva's technology serves thousands of users in insurance, financial services, government, business process outsourcing, manufacturing and other markets. For more information, visit www.captivasoftware.com.

This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, successful integration of ADP Context into Captiva's business (including integration of product lines), performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.