Wustenrot Bausparkasse Selects Captiva's FormWare for Mortgage Information Capture; German Financial Leader Expands Relationship with Captiva Software.

Business Editors/High-Tech Writers

FREIBURG, GERMANY--(BUSINESS WIRE)--Jan. 28, 2003

Captiva Software Corp. (Nasdaq: CPTV), a leading provider of enterprise input management solutions, today announced that Wustenrot Bausparkasse, the mortgage subsidiary of Wustenrot & Wurttembergische AG, one of Germany's largest banking and financial groups, has selected to capture and process the 1.3 million mortgage applications, forms and documents it receives every year with FormWare(TM), Captiva's award-winning information capture software that automates data and image capture from paper and electronic documents.

The contract expands the relationship between Captiva and Wustenrot, which since July of 2000 has captured digital images of its mortgage documents with InputAccel(R), Captiva's flagship document capture software solution. By integrating FormWare and InputAccel, Wustenrot will be able to capture and automatically extract the data contained in mortgage applications directly into its mortgage processing system. The combined document and information capture system is expected to go into production next month.

"Having been so successful with InputAccel over the past two years, we look forward to gaining the additional benefits of adding FormWare to our workflow," said Michael Stams, project manager for Wustenrot Bausparkasse. "FormWare's flexibility, open architecture and ease of deployment were key drivers in our decision to integrate it with InputAccel, which has provided superior performance and an impressive return on our investment."

Stams added that Wustenrot Bausparkasse's 2001 merger with Leonberger Bausparkasse created the need to combine and modernize two disparate mortgage processing systems. FormWare's optical character recognition (OCR) capabilities are expected to greatly accelerate the processing of handwritten and machine-printed mortgage documents, and cut application turnaround times by roughly one third.

"We're pleased to be expanding our relationship with Wustenrot Bausparkasse," said Mark Lewis, Captiva's vice president of European Operations. "The integrated strengths of InputAccel and FormWare should maximize the accuracy of Wustenrot's mortgage data, speed the capture process, increase productivity and significantly reduce the cost of manual capture operations."

About Wustenrot Bausparkasse

Wustenrot Bausparkasse helps its clients finance, build and buy homes, and extend and maintain existing properties. It also offers debt restructuring and comprehensive real estate consulting. With financial offerings such as home loans, personal and non-life insurance and investment and banking products, Wustenrot & Wurttembergische Group is able to support its customers with every aspect of financial planning, wealth creation and risk protection. Further information is available at www.wuestenrot.de.

About Captiva Software

Captiva Software Corp. (Nasdaq: CPTV) is a leading provider of enterprise input management software 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.

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

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