Captura Software, Leader in Global Expense Management, Receives $4 Million in Funding Led by Voyager Capital.BOTHELL, Wash.--(BUSINESS WIRE)--Sept. 1, 1998-- Capital Investment in Bothell-based Software Company Totals $16 Million Captura Software, Inc., a leading provider of expense management products and services to global corporations, has received additional funding of $4 million from Voyager Capital of Seattle, Wash., Oak Investment Partners of Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. and investment partnership's managed by KECALP Inc. an affiliate of Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. and Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . These latest investments bring Captura's total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. to $16 million. Captura will apply the funding to sales and marketing efforts, as well as international expansion. The company recently opened European headquarters in London, at the same time that it announced worldwide deployment of its Employee Payables(TM) expense management product for Merrill Lynch. "Captura's business aligns well with Voyager Capital's focus on companies developing new products to create and manage high-value information assets. We're impressed with their progress and very pleased to increase our investment in the company," said Tony Audino, managing director and co-founder, Voyager Capital. "The latest funding represents a real vote of confidence from our investors," said Dana Bruttig, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Captura. "Captura continues to innovate and to sign new customers. We are building on the solid foundation we have achieved as a result of having the largest, longest-installed customer base of any companies providing expense management solutions." In addition to its global presence, Captura has bolstered its strategic position with the recent appointment of Dan Vetras as chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , and has expanded the marketing department, naming Jim O'Farrell to vice president, marketing; Linda Merrick to director of marketing; and Denise Hartman to manager, corporate communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. . "Captura continues to prove to be a sound investment," said Fred Harman Fred Harman (February 9, 1902 - January 2, 1982) is best known as the artist of Red Ryder, "America's famous fighting cowboy." Harman was two months old when his parents moved from St. , general partner of Oak Investment Partners. "Oak focuses on companies that provide high value-added, scaleable enterprise solutions. Captura combines its technical and business expertise with a staff that has a deep understanding of its target markets and an ability to meet the high expectations of its customers." About Voyager Capital Voyager Capital, a Northwest-based venture capital firm, invests in private IT companies, specifically targeting software, computer communications and IT services. The firm's managing directors' extensive industry experience adds substantial value to Voyager's portfolio companies. For more information, visit its Website at http://www.voyagercap.com. About Oak Investment Partners Since its founding in 1978, Oak (www.oakinv.com) has organized eight venture partnerships with over $1.6 billion of committed capital. In the information technology area, Oak focuses primarily on investing in networking and software enterprises. Examples of past investments include Compaq, Inktomi, Seagate, Sybase, Wellfleet, Exodus, Network Equipment Technologies, and Parametric Technology. About Captura Software Captura, headquartered in Bothell, Washington, provides global expense management solutions that enable organizations to control costs, enhance financial analysis, and make better decisions. The company's flagship product, Employee Payables, helps global organizations align more closely with T&E Best Practices, enforce expense policy uniformly across the enterprise and reduce the costs associated with the processing of expense reports. Captura has offices in San Francisco, Los Angeles, Chicago, Boston, Washington, D.C., and Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , with European headquarters in London. Founded in 1994, Captura has built a strong infrastructure of customers, partners and strategic alliances with more than 150,000 seats sold. Customers include: Merrill Lynch, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. , Commercial Union Insurance Companies, John Crane, formerly EG&G, Lockheed-Martin, Paymentech Inc., Pfizer Inc., SSDS SSDS SQL Server Data Services SSDS Ship Self Defense System SSDS Space Science Data System (NASA) SSDS Sudden Sniffing Death Syndrome SSDS Secure Software Distribution System SSDS Sexual Self-Disclosure Scale , and Unify. For more information about Captura and its products, call (800) 547-2223 or visit its Web site at http://www.captura.com.
CONTACT: Captura Software
Linda Merrick, 425/487-9484 x219
lindam@captura.com
or
Access Communications
Robin Rootenberg, 415/904-7070 x282
rrootenberg@accesspr.com
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