Captiva Software Corporation announced it has signed a definitive agreement to acquire SWT SA, a provider of automatic data extraction and intelligent document capture solutions and technology in France. The purchase, subject to customary closing conditions, is expected to be completed during the week of May 23, 2005. According to the agreement and subject to certain adjustments, Captiva will pay approximately $18.1 million in cash plus approximately 179,000 shares in Captiva common stock that will be issued to SWT management to purchase all outstanding shares of the privately held SWT. Net of SWT’s cash, the purchase price is expected to be approximately two times SWT’s reported 2004 European GAAP revenues of EUR 6.95 million, or approximtely $9.0 million. SWT has been supplying its Dispatcher product capabilities as an optional addition to Captiva’s InputAccel and classification and data extraction capabilities for Captiva’s Digital Mailroom. ,

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