Captiva Enhances Its Dispatcher Software with Improved Classification and Extraction Capabilities; New 4.0 Version Creates a ``Digital Finger Print'' for Accelerated Document Processing.

SAN DIEGO -- Captiva Software Corporation (NASDAQ:CPTV), a leading provider of input management solutions, today announced the availability of Dispatcher(TM) 4.0, a new, more powerful version of its document classification and extraction software.

Dispatcher includes the ability to identify and separate structured, unstructured and handwritten documents, and automatically route them to the appropriate person or department within the enterprise for optimized processing. Dispatcher 4.0 now identifies documents and extracts business critical data by creating a "digital finger print" that combines text analysis and dynamic field positioning information to better analyze both the content and structure of each document. The digital finger print then enables Dispatcher 4.0 to identify a document type, search for areas containing data to be extracted and determine what type of data to extract -- faster than previously possible and with almost no user intervention.

The new version of Dispatcher also features the ability to detect and extract data from tables in a document, making it especially valuable for processing documents such as invoices and explanation-of-benefits (EOB) forms. Dispatcher 4.0 introduces a sophisticated mechanism for analyzing multiple-line invoice items and automatically manages page breaks when a line item continues to a consecutive page of the same invoice.

"The latest version of Dispatcher allows users to automatically recognize and classify just about any document type or format," said Jim Vickers, Captiva's Chief Marketing Officer. "The combination of technologies in Dispatcher 4.0 is unique in the market, enabling it to identify and extract business data from the full range of documents that enterprises typically receive."

The new 4.0 version of Dispatcher is also fully integrated with InputAccel, Captiva's award-winning document capture software, combining innovative classification and extraction features with the industry-leading scalability and robustness offered by InputAccel.

Dispatcher enables customers to streamline document capture and forms processing by automatically sorting and indexing all types of documents at high speeds. The Dispatcher technology improves the speed and accuracy of forms processing and data capture, while relieving users from the burden of pre-sorting documents prior to scanning.

About Captiva

Captiva Software Corporation (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.

Dispatcher is a trademark and InputAccel is a registered trademark of Captiva Software Corporation. All other trademarks or registered trademarks are the property of their respective owners.

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 the benefits of new products or market trends, 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; and 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, 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. 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 Captiva Software Corporation's 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.