Investor Information

Investor Relations

Segue Software, Inc. was founded in 1988 to provide software porting services to independent software vendors. Recognizing a market need, in 1991 the Company reorganized its business to focus on the development and marketing of automated testing software for the quality assurance market, and refocused its research and development capabilities from porting to automated software testing. Segue develops, markets and supports the QualityWorks^TM family of open architecture quality assurance software tools, methodology and management. QualityWorks enables the rapid development and re-use of automated software tests across more than 20 platforms, and is currently used by more than 11,000 software quality professionals worldwide. Headquartered in Newton Centre, Massachusetts, Segue also has offices in San Francisco, Atlanta, Chicago, Los Angeles, Dallas, and Washington, DC, as well as distribution offices throughout Europe, Canada and Australia.

World Headquarters: 1320 Centre Street, Newton Centre, MA 02159

Telephone: 617.796.1000 Fax: 617.796.1610 E-mail: IR@segue.com Website: www.segue.com

Fourth Quarter 1996 Earnings Release and Conference Call
We are planning on releasing the fourth quarter 1996 earnings at the market close on Monday, February 3, 1997 via Business Wire. If you would like to receive a copy via broadcast fax at the same time, please email us at ir@segue.com with your name, address and fax number. We are also having a conference call the following morning at 8:30 am. If you would like to participate on this call, dial 800-288-8976. The call will be recorded and available for play-back for 2 weeks following. To access the play-back, dial 800-288-8976 and access code 329845. You do not need the access code for the live call.

For more information on investor relations topics, please call Laura Baltzell at 617.796.1085.

Key Executives

Liz Elterman, President and Chief Executive Officer

Ms. Elterman has served as President, Chief Executive Officer and as a director of the company since July 1995. Ms. Elterman joined the company in April 1992 as an Executive Vice President and was promoted to Chief Operating Officer in October 1993. Ms. Elterman held a senior management position at Softbridge Microsystems, Inc. a software company, from April 1984 through April 1992, prior to joining the company.

J. Jeffrey Bingenheimer, Chief Financial Officer

Mr. Bingenheimer has served as Vice President, Chief Financial Officer and Assistant Secretary of the company since 1995, and as Treasurer since February 1996. Prior to joining the company, Mr. Bingenheimer served as Vice President of Finance and Administration and Treasurer of Centerline Software., Inc., a software company, from April 1991 to September 1995. From April 1985 to March 1991, Mr. Bingenheimer served as Vice President of Finance and Administration, Senior Vice President of Finance and Administration, and Treasurer of Index Technology Corporation, a software company.

Brian LeSuer, Executive Vice President, Research and Development

Mr. LeSuer joined the company in September 1992 to establish the Training, Consulting and Quality Assurance departments. He has served as Executive Vice President, Research and Development, since November of 1995. From May 1991 to September 1992, he was a senior quality assurance engineer for Datalogix International, Inc., a software company. Prior to 1991, he held various positions in quality assurance at People's Bank, the NASD and the Traveler's Insurance Companies.

Segue Products: The QualityWorks line of products provides regression and functional testing for multiple platforms.

Market: Quality assurance professionals, corporate application developers, and Independent Software Vendors (ISVs).

Major Customers: Major Independent Software Vendors (ISVs) and commercial customers in industries such as chemical/pharmaceutical, banking and finance, communications and others..

Sales Channels: Domestic Direct, International Distributors, Systems Integrators and VARs.

Employees: 120 (October 1996)

Revenues:

$3.4 million (year end December 31, 1993)
$6.3 million (year end December 31, 1994)
$11.1 million (year end December, 1995)

Initial Public Offering: March 28, 1996 @ $18 per share / 3,162,500 shares (including over-allotment option)

Stock Symbol: SEGU -- NASDAQ Stock Exchange

Analysts who follow the company:

Jim Moore, Alex. Brown & Sons
Damian Rinaldi, First Albany Corporation
Ben Rose, Adams, Harkness and Hill
Kris Tuttle, SoundView Financial

If you would like to receive our 10Q, 10K, Earnings, or Annual Reports please send a request to: IR@segue.com

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