Captiva Enhances Its Dispatcher Software with Improved Classification and Extraction Capabilities; New 4.0 Version Creates a ``D

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.