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1996-07-10
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<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Press/Analysts</TITLE>
<META NAME="GENERATOR" CONTENT="Internet Assistant for Word 1.0Z">
<META NAME="AUTHOR" CONTENT="Rich Lenihan">
</HEAD>
<BODY BGCOLOR="#FFFFFF">
<H1>Segue in the News</H1>
<HR>
<PRE>
<I>Press/Analysts</I> <I>Investor Relations</I>
Contact: Contact:
Chris Carroll Jeff Bingenheimer, CFO
Carroll & Associates Segue Software, Inc.
(508) 385-6050, or (617) 796-1000
Carrollpr@aol.com
</PRE>
<H2>SEGUE SOFTWARE ANNOUNCES INITIAL PUBLIC OFFERING </H2>
<P>
<B>Stock of Client/Server Software Quality Tool Vendor
Now Traded on NASDAQ National Market</B>
<P>
NEWTON CENTRE, MA, March 28, 1996 -- Segue Software, Inc. today announced
the initial public offering of its stock on the NASDAQ National
Market. The company was listed as SEGU and the stock was priced
at $18.00 per share. Two million shares of common stock was issued
by the company, with an additional 750,000 shares offered by selling
shareholders. Segue Software intends to use the net proceeds of
the offering for general corporate purposes, including working
capital.
<P>
The stock offering was led by Alex. Brown & Sons, Inc., with
Adams, Harkness & Hill, Inc., and Soundview Financial Group,
Inc., also serving as underwriters. "We're proud to offer
Segue's stock to the public markets," said Elisabeth Elterman,
Segue's president and chief executive officer. "Organizations
are increasingly relying on software testing tools to improve
software quality, reduce development costs, and decrease the time
to develop and deploy applications. We believe that Segue's QualityWorks
family of software testing tools enables these organizations to
successfully address the challenges of software development."
<P>
<B>About Segue Software, Inc.</B>
<P>
Segue Software (NASDAQ:SEGU) develops, markets, and supports the
QualityWorks 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 7,200 software
quality professionals worldwide. Headquartered in Newton Centre,
Massachusetts, Segue also has offices in San Francisco, Atlanta,
Chicago, and Dallas, and distribution offices throughout Europe,
Canada, and Australia. Segue's 90-plus employees provide automated
testing products and consulting services to organizations developing
client/server and Internet-based software applications. Segue
Software offers corporate and product information through its
World Wide Web site, located at
<A HREF="http://www.segue.com">http://www.segue.com</A>.
<P>
<I>###</I>
<P>
<I>QualityWorks is a trademark of Segue Software, Inc.</I>
<P>
<HR>
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<hr>
<h6>Copyright © 1996 Segue Software, Inc. All rights reserved.</h6>
</BODY>
</HTML>