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OnlineBenefits to Acquire Captiva Systems, Inc.

OnlineBenefits, Inc., provider of Internet-based HR solutions, announced that it has signed a Letter of Intent to acquire Captiva Systems, a producer of agency management software for group insurance brokers.

OnlineBenefits to Acquire Captiva Systems, Inc.

Deal adds agency management systems to broker product line

Uniondale, NY (May 18, 2004) -- OnlineBenefits, Inc., provider of Internet-based HR solutions, announced that it has signed a Letter of Intent to acquire Captiva Systems, a producer of agency management software for group insurance brokers.

The deal brings Captiva Systems software products into OnlineBenefits suite of solutions targeted at the nations extensive network of health and welfare insurance brokers. Captivas flagship product, CommissionsDue, tracks insurance commissions and has been adopted by over 1,000 brokers. AgencyWare is a comprehensive client management system designed specifically for the needs of benefit brokers. It is currently being beta tested with several brokers and will be released this summer.

OnlineBenefits will integrate AgencyWare with its existing successful Advisor Tools and Client Community products. The resulting application will be a centralized system in which brokers will track customers, share documentation with them, perform research, run benchmarking, manage workflow and monitor all of these interactions.

OnlineBenefits intends to devote significant financial resources, product knowledge and sales expertise to capitalize on the power of Captiva Systems products. The entire staff of Captiva will join the company and continue to focus on its aggressive product upgrade schedule.

The acquisition brings notable synergies. Jim McCallion, President of Captiva Systems explains, There couldnt be a better fit to get our products into the hands of the nations top benefits brokers." Alan Cohen, CEO of OnlineBenefits added, Many of the partners in our network of 350 brokers have been urging OnlineBenefits to offer technology that corrals all of their client and prospect relationships into an organized system.This acquisition fast tracks superb applications into our line-up of products, and we expect the deal to drive nearly one million dollars in near-term revenue with tremendous potential for the future."

About OnlineBenefits
OnlineBenefits, Inc. is the HR solutions company behind the well-known Benergy family of communication, administration and intelligence products. Its market-proven solutions enrich the benefits and HR experience for employers, employees and brokers in innovative, cost-effective ways. The company designs, implements and hosts its Internet-based applications and distributes them in partnership through its network of over 350 of the nations leading brokers and consultants. Currently, more than 3,400 employers of all sizes and 815,000 employees use Benergy solutions. Visit www.onlinebenefits.com.

About Captiva Systems
Captiva Systems was founded in 1997 to develop best of breed practice management solutions for insurance brokers. Their CommissionsDue software is the industrys leading commission tracking application and is used by over 1,000 brokers including some of the largest insurance distributors in the nation. Following this success, Captiva developed AgencyWare, a fully integrated sales, service and management system for benefit advisors. AgencyWare will be available this summer. Visit www.captivasystems.com.

Contacts:
Andrew Ceccon
Chief Marketing Officer
OnlineBenefits, Inc.
(516) 414-7008
aceccon@onlinebenefits.com

Brent DePeppe
Director of Sales
Captiva Systems
(305) 252-3373
brent@captivasystems.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: www.HRmarketer.com) on behalf of the company listed above.