Captura Software Promotes Dan Vetras to President; Industry Veteran to Head U.S. and International Operations

Business Wire, Jan 12, 1999

BOTHELL, Wash.--(BUSINESS WIRE)--Jan. 12, 1999--Captura Software Inc., a leading provider of global expense management solutions, today announced the promotion of Dan Vetras to president, effective immediately.

Vetras, who joined the company in 1998 as chief operating officer, will oversee Captura's development, professional services, sales, marketing, finance, operations and international expansion for the company's global operations.

"During Dan's tenure, Captura has become a leading provider of global expense management solutions," said Dana Bruttig, chief executive officer of Captura. "He has played a key role in building Captura's reputation of delivering premium products and world-class support to our global enterprise customers including Ford and General Motors. He will guide the management team in all day-to-day aspects of the company's operations and work with me to set the strategic direction of the company."

Tony Audino, managing director of Voyager Capital and a Captura board member, said, "Dan and his team have done a tremendous job of building the Employee Payables(tm) business into one of the most respected in the expense management world. His leadership has propelled Captura into a world-class organization, and this promotion reflects the board's confidence in his ability to lead the company as it evolves from a traditional client-server enterprise software company to a Web-based expense management solution provider."

Vetras, a highly experienced software industry executive, brings more than 17 years in technology and management experience to Captura. He most recently served as vice president of sales at IntraNetics Inc., where his duties included directing worldwide sales initiatives and channel development activities. Prior to IntraNetics, Vetras held management positions at IBM, Lotus and Digital Equipment Corporation.

About Captura Software

Captura(R), headquartered in Bothell, Wash., delivers comprehensive global expense management solutions and world-class services to help companies worldwide control costs, increase profitability, and make better business decisions. The company's flagship product, Employee Payables, helps global organizations align more closely with Best Practices, enforce expense policy uniformly across the corporation, and reduce the costs associated with the processing of expense reports. Captura has offices in Boston, Chicago, Dallas, Los Angeles, New York, New Jersey, Raleigh, Seattle, San Francisco, and Washington D.C., with European headquarters in London.

Captura has built a strong infrastructure of customers, partners, and strategic alliances with more than 350,000 seats sold. Customers include General Motors, Ford, Merrill Lynch, Compaq Computer Corporation, Commercial Union Insurance Companies, John Crane Sealol, Lockheed-Martin, Pfizer Inc., SSDS, and Unify. For more information about Captura and its products, in the U.S. call 425/487-9484, in Europe call 44 181 263 2914; or visit the company's Web site at http://www.captura.com.