Approximate $12.2 million (8.3 Million Euro) Revenue Opportunity Underscores Value of Recently Acquired Capture Technology BELLEVUE, Wash., Jan. 22 /PRNewswire-FirstCall/ -- Captaris, Inc. (NASDAQ:CAPA), announced today that Captaris Document Technologies (formerly Oce Document Technologies) has completed important steps under a contract for the supply and maintenance of document capture technology to the German government. Captaris Document Technologies (CDT) has completed the installation of pilot systems in several German states. Under the contract, CDT is working with Fujitsu Siemens Computers GmbH to deploy CDT's software and hardware for a key department of the German government. Thus far, CDT has secured orders in several of the sixteen German states. Software and hardware installation under existing orders is expected to commence in the second half of 2008 and possibly continue into early 2009. The total value of existing orders under the contract is approximately $15.6 million (10.6 million Euro) of which approximately $3.4 million (2.3 million Euro) was recognized in 2007. Captaris expects that the remaining $12.2 million (8.3 million Euro) will be recognized in late 2008 and early 2009. The timing of revenue recognition is expected to coincide with the installation schedules for the relevant German states. Included in the order amount is revenue from a three year maintenance and support agreement that begins in May of 2008. CDT is in discussions with Fujitsu Siemens Computers GmbH and other German states in an effort to secure additional orders. "We are very excited to announce the completion of these important steps in a multi-year project with one of the largest ministries in the German government. This is further validation for Captaris and its shareholders of the quality and value of our recent acquisition," said David P Anastasi, President and CEO of Captaris. "The integration of Captaris and Captaris Document Technologies has begun smoothly and, as demonstrated by this contract, the acquisition is expected to deliver substantial value to shareholders. CDT document capture technology is enabling us to address the large and rapidly growing distributed capture market. We intend to leverage the CDT technology across our platforms, which now include distributed capture, workflow, archiving, and document delivery at affordable prices. We expect this technology integration will enable us to deliver substantial revenue synergies and further diversify our revenues by product and geography. As announced in our press release on January 14, we have seen improving RightFax performance, substantial sequential growth of our FaxPress product line from our July 2007 acquisition of Castelle, and strong results from our Alchemy product line, particularly in relation to our MFP (multi-function printing devices) channel partners. With this current opportunity from CDT and our progress on our operating leverage initiatives, we are confident that our acquisitions and our business strategy are all moving in the right direction and we are very excited about our future prospects." Captaris intends to hold a conference call to discuss its fourth quarter and fiscal year 2007 results in February. On this call, we intend to discuss in more detail the Captaris Document Technologies acquisition, the German government transaction, current operating leverage initiatives and guidance for 2008. About Captaris, Inc. Captaris, Inc. is a leading provider of software products that automate business processes, manage documents electronically and provide efficient information delivery. The products of Captaris and its subsidiaries Castelle and Captaris Document Technologies, including Captaris RightFax, Captaris Workflow, Captaris Alchemy, the FaxPress line of products, RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID-Star, BUSY, Invoice CENTER, Tax CENTER, and Mail CENTER are distributed through a global network of leading technology partners. We have customers in financial services, healthcare, government and many other industries, and our products are installed in all of the Fortune 100 and many Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on the NASDAQ Global Market under the symbol CAPA. For more information please visit http://www.captaris.com/. The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax and Captaris Workflow. FaxPress is a trademark of Castelle. RecoStar, DOKuStar, DOKuStar Capture Suite, Single Click Entry, ID-Star, BUSY, Invoice CENTER, Tax CENTER and Mail CENTER are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners. Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the expected timing of software and hardware installations, and related timing of revenue recognition, under the German government contract, the expected benefits to Captaris and its shareholders of the acquisition of Oce Document Technologies, our intent to leverage the CDT technology across our platforms, and our expectations relating to our ability to deliver substantial revenue synergies and further diversify our revenues by product and geography. Forward-looking statements include all passages containing verbs such as "aims," "anticipates," "estimates," "expects," "intends," "plans," "predicts," "projects" or "targets" or nouns corresponding to such verbs. Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of the management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could affect Captaris' actual results include, among others, the inability to successfully and timely complete the software and hardware installations under the German government contract, the impact, if any, of stock-based compensation charges, the potential failure to maintain and expand Captaris' network of dealers and resellers or to establish and maintain strategic relationships, inability to integrate recent and future acquisitions, including the recent acquisition of Captaris Document Technologies, inability to develop new products or product enhancements on a timely basis, inability to protect our proprietary rights or to operate without infringing the patents and proprietary rights of others, and quarterly and seasonal fluctuations in operating results. More information about factors that potentially could affect Captaris' financial results is included in Captaris' quarterly reports on Form 10-Q filed in 2007, and most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, Captaris undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise. DATASOURCE: Captaris, Inc. CONTACT: Investor Relations, Erika Simms, Treasury Analyst of Captaris, Inc., +1-425-638-4048, ; or Todd Kehrli or Jim Byers, both of MKR Group, Inc., +1-323-468-2300, , for Captaris, Inc. Web site: http://www.captaris.com/

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