MADCAP SOFTWARE NAMED A FINALIST FOR RED HERRING NORTH AMERICA 100 AWARD

Technology Innovation and Financial Performance Played Key Roles in MadCap’s Selection

La Jolla, CA – April 21, 2008

– MadCap Software, the leader in multi-channel content authoring and a showcase company for Microsoft (NASDAQ: MSFT) Visual Studio 2005 and Microsoft XPS, today announced that it has been named as a finalist for the 2008 Red Herring North America 100 Award.

Each year Red Herring recognizes the 100 North American private companies that best exemplify strong financial performance, quality of management, execution of strategy, and dedication to research and development. Out of some 1,200 applicants for this year’s award, MadCap is one of 200 finalists that will now go on to the final round.

“This year's impressive list of finalists demonstrates that North American companies continue to raise the bar and produce innovative technologies that benefit the global technology sector,” said Red Herring Editor-in-Chief Joel Dreyfuss. “The exceptional accomplishments of these technology startups are a testament to extraordinary technological innovation and the drive to bring products to fruition.”

The winning 100 companies will be announced at the Red Herring North America conference being held May 12-14, 2008, at the Fairmont hotel in San Jose, CA. The CEOs of the winners will present their innovative ideas and technologies to an audience of leading entrepreneurs, financiers and corporate strategists.

“From the start, our mission has been to deliver the ultimate customer experience through next-generation solutions that address an enterprise’s complete documentation and content authoring needs,” said Anthony Olivier, MadCap CEO. “We are greatly honored to be recognized as a Red Herring North America finalist for our success in delivering on that goal through breakthrough products, whose rapid adoption has led to early profitability and accelerated growth. Thousands of documentation specialists are switching from traditional tools to our native XML MadCap documentation family to leverage the latest in Web and software technologies—and equally important, receive support by the most knowledgeable documentation experts in the industry.”

About Red Herring Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com.

About MadCap Software

MadCap Software, headquartered in La Jolla, CA, 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 content authoring suite at www.madcapsoftware.com.