Capstone Advises New Tilt in Merger with Bridgeline Software

June 15, 2006

Boston, MA - Capstone Partners LLC, a leading national investment banking advisory firm, announced that it has advised New Tilt, Inc. on its recent merger with Bridgeline Software, Inc.  New Tilt is an award winning web application development and internet strategy firm.  Bridgeline Software is a developer of web content management software, web asset management software, learning management systems, and custom web applications. Capstone Partners LLC served as an advisor to the shareholders of New Tilt during the transaction. Terms of the deal were not disclosed. 

New Tilt co-founders, Michelle Chambers and Donna Tramontozzi are now part of the Bridgeline Software executive management team. Michelle Chambers, formerly New Tilt president, is Executive Vice President and General Manager of Bridgeline Software New England. Donna Tramontozzi, formerly Chief Strategy Officer of New Tilt is Bridgeline Software's new Executive Vice President, Business Strategy.

"The synergies between the two companies made it an easy decision with our mutual commitment to achieving business value for our customers via the internet particularly in the health care/life sciences and high technology sectors," said Michelle Chambers, New Tilt's President. "We now have gained valuable access to a large pool of technical resources, content management software, an on-demand web platform, and managed service capabilities."

"New Tilt provides Bridgeline Software's New England customers with broader local bench strength in web application development in our vertical markets as well as a reputation for high quality, award winning web applications," said Thomas Massie, President and CEO of Bridgeline Software. "We are looking forward to the leadership and the expertise that Michelle Chambers and Donna Tramontozzi will provide."

New Tilt, Inc. is an internet strategy firm that helps clients map business vision to measurable, scalable web solutions. Architecture, Design and Technology are the key disciplines on which New Tilt creates award winning web experiences. New Tilt possesses a team of experts from business consultancies, design & brand agencies, and technology firms with experience in multiple industries. New Tilt's customer list includes RSA Security, Sepracor, Massachusetts Institute of Technology, Dana-Farber Cancer Institute, Smithsonian Institution, Harvard Vanguard Medical Associates, Brown University, Dartmouth College, ArQule, Barry Controls, BladeLogic, Boston Public Library, Brigham and Women's Hospital, Emerson Hospital, PBS, US Department of Education, and Massachusetts Port Authority. www.newtilt.com

Headquartered in Massachusetts, with additional locations in New York, Washington, D.C. and Bangalore, India, Bridgeline Software is a developer of web applications and quality web software tools.  Bridgeline uniquely provides their customers with complete end-to-end solutions that optimize business processes through web-based technologies.  Bridgeline Software's customers include The Bank of New York, John Hancock, Newton-Wellesley Hospital, Cisco Systems, First Albany Companies, Astra Tech, Cadaret, Grant & Co., Nomura Securities, Grantmakers in the Arts, National Financial Partners, March of Dimes, Omgeo, Power Steering Software, Gill Foundation, The Commonwealth Fund, National Fire Protection Association, and the Federal Mediation & Conciliation Service.  (www.bridgelinesw.com)