Captiva Names Jim Nicol Executive Vice President of Product Development; Technology Veteran to Lead Captiva's Aggressive Software Development Initiatives.

Business Editors/High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--Oct. 24, 2003

Captiva Software Corp. (Nasdaq:CPTV), a leading provider of input management solutions, today announced the addition of technology veteran Jim Nicol as its executive vice president of product development. In this new position, Nicol will lead Captiva's software development, quality assurance, documentation and localization efforts.

Nicol is a seasoned executive who has successfully delivered award-winning enterprise software solutions by leveraging his extensive experience in product development, strategic planning and process improvement. He comes to Captiva from FutureTrade, where he led engineering, quality assurance and product management as executive vice president of product development. Prior to FutureTrade, Nicol was with Previo, where he was vice president of development & technical operations and was a member of the office of the president. He originally joined Previo as vice president of product development when it was known as STAC Software. Before joining Previo, Nicol held senior management positions at IBM and Lotus Development Corp., where he assisted the CEO in the merger of specific IBM and Lotus products. During his career, he has been awarded the Malcolm Baldrige Silver Level Quality Award and numerous other leadership and management awards.

"Jim brings a wealth of experience to Captiva, and has an impressive track record of success in bringing innovative software products to market," said Reynolds C. Bish, president and CEO of Captiva. "We're extremely pleased to welcome him to Captiva, and look forward to him augmenting the efforts and leadership of Steve Burton, our CTO, Randy Stern, our vice president of software development, and Dave Sharp, our vice president of engineering. With this addition, we believe we'll have the strongest software development team in the input management segment of the enterprise content management (ECM) market."

"I'm very excited to join Captiva, which has an outstanding reputation in the industry for the value offered by its products, the leadership of its management team and the dedication it has to its customers," said Nicol. "I look forward to helping Captiva leverage its technologies and expertise to take advantage of the opportunities it faces in the rapidly changing ECM landscape."

About Captiva

Captiva Software Corp. 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 scanned forms and documents, Internet forms and XML data streams into the enterprise in a more accurate, timely and cost-effective manner. These products automate the processing of billions of forms and documents 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, direct marketing and other markets. For more information, visit www.captivasoftware.com.

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