BELLEVUE, Wash., March 17 /PRNewswire-FirstCall/ -- Captaris, Inc. (NASDAQ:CAPA), a leading provider of software products that automate document-centric business processes, today announced that its Board of Directors has decided to evaluate strategic alternatives to further enhance shareholder value. To oversee and expedite this process, the Board has established a special committee comprised of Bruce L. Crockett, Daniel R. Lyle, Thomas M. Murnane, and Patrick J. Swanick, all independent directors of Captaris. Bruce L. Crockett, Chairman of the Board, stated, "We have received unsolicited inquiries from multiple parties who have expressed an interest in a potential transaction with Captaris. We plan to conduct a fair, orderly and broad-based process. This process will commence immediately and we expect to conclude it as expeditiously as possible. Our Board of Directors is committed to conducting a thorough evaluation of alternatives to enhance value for all Captaris shareholders." David P. Anastasi, President and CEO of Captaris added "While the Board conducts this process, we will continue to execute our strategy. In the last year we have made great progress by significantly increasing our scale, products and market reach toward our goal of transforming Captaris from a fax server company into a leader in intelligent document capture, distribution and process management solutions." There can be no assurance that the evaluation of strategic alternatives will result in any agreements or transactions. The company does not intend to disclose developments with respect to the evaluation of strategic alternatives unless and until its Board of Directors deems it appropriate. The company has retained RBC Capital Markets as its financial advisor; Perkins Coie LLP and Simpson Thacher & Bartlett LLP are acting as the company's and the Board's legal advisors. About Captaris, Inc. Captaris, Inc. is a leading provider of software products that automate document centric business processes. Captaris specializes in document capture, recognition, routing, workflow, and delivery. Captaris integrated solutions provide interoperability with leading line of business applications and technology platforms. Captaris products include RightFax, Captaris Workflow, Alchemy, FaxPress, DOKuStar, RecoStar, Single Click Entry, and ID-Star which are distributed through a global network of leading technology partners. Captaris customers include the entire Fortune 100 and the majority of Global 2000 companies. Headquartered in Bellevue, Washington, Captaris was founded in 1982 and is publicly traded on NASDAQ Global Market under the symbol CAPA. http://www.captaris.com/. The following are registered trademarks and trademarks of Captaris: Captaris, Alchemy, RightFax, FaxPress and Captaris Workflow. RecoStar, DOKuStar, ID-Star and Single Click Entry are trademarks of Captaris Document Technologies GmbH. All other brand names and trademarks are the property of their respective owners. DATASOURCE: Captaris, Inc. CONTACT: Investors, Peter Papano, Captaris, Inc., +1-425-638-4200, ; or Todd Kehrli, MKR Group, Inc., +1-323-468-2300, ; or Tim Lynch, Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, Web site: http://www.captaris.com/

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