MADCAP SOFTWARE AND ALCHEMY ANNOUNCE JOINT TECHNOLOGY PARTNERSHIP

MadCap joins Alchemy Alliance Program to Accelerate Delivery of Localized Help Content

Dublin, Ireland and San Diego, CA, USA – June 19, 2007

— Alchemy Software Development, the world leader in visual translation memory solutions, and MadCap Software, the leader in multi-channel content authoring and a Microsoft (NASDAQ: MSFT) Visual Studio 2005 showcase company, today announced a joint technology partnership. By combining state-of-the-art technical content creation with highly advanced visual translation memory technology, the companies will accelerate the delivery of localized Help content

MadCap Software has joined the Alchemy Alliance Program, an initiative designed to accelerate the delivery of innovative localization solutions that remove the barriers faced by organizations operating in international markets.

Through the Alchemy Alliance Program, both companies will provide seamless interoperability between the MadCap Flare, MadCap Lingo and MadCap Blaze products and Alchemy Language Exchange, a centralized visual translation memory platform. This will provide a total integrated solution for single-source content creation and multilingual content publishing.

“Today’s fast-growing companies are looking to unify, centralize and standardize their localization processes,” said Tony O’Dowd, CEO and President, Alchemy Software Development, ”They need to deliver products and services in a timely fashion to customers worldwide, while maintaining high levels of quality. The Alchemy Alliance Program unites the industry’s leading technology companies to provide integrated translation memory solutions with advanced content creation technology for accelerating the delivery of high-quality translated software and online content.”

“High-quality translation of published content is crucial to the success of multi-national companies,“ said Anthony Olivier, CEO, MadCap Software. “This is especially so with the emphasis on building larger and more interactive online Help systems. By integrating our industry-leading products, such as Flare, MadCap Lingo and Blaze with Alchemy’s product portfolio, our joint clients can lower overall localization costs, reducing time-to-market and improving quality.”

Alchemy Alliance Program

The Alchemy Alliance Program establishes a partnership between technology industry leaders. Partners offer content-related technology that can be incorporated into the Alchemy portfolio of products such as Alchemy CATALYST and Alchemy Language Exchange. These solutions can span the entire information lifecycle ranging from authoring content to localization to publishing.

With more than twenty thousand licenses worldwide and 80% of the world’s largest ISVs as its clients, Alchemy Software Development has the most widely adopted visual translation memory platform for localized content. The Alchemy Alliance Program proactively assists partners to jointly develop and integrate localization solutions by providing technical materials and SDKs, and access to Alchemy’s software and technology.

Alchemy Software Development Ltd. has its headquarters in Dublin, Ireland at Harcourt Business Centre, Harcourt Street, Dublin 2. For more information, please refer to www.alchemysoftware.ie.

About MadCap Software

MadCap Software, headquartered in San Diego, is just a new name for a group of familiar faces that have been leading the technical writing and documentation community for over a decade. With its flagship product, MadCap Flare, MadCap Software is leading the documentation industry into the future. Through its strategic partner Microsoft Corp. (NASDAQ: MSFT), MadCap is delivering solutions optimized for Microsoft Vista, Visual Studio, and the .NET environment. MadCap is home to some of the most experienced software architects and product experts in the industry, including many former core members of eHelp® Corporation, creators of RoboHelp®. Learn more about MadCap Software and its Help authoring suite at www.madcapsoftware.com.