Robert Hegarty Appointed to Bridgeline's Board of Directors

September 20, 2006

Woburn, MA September 20, 2006 - Bridgeline Software announced today that Robert Hegarty has joined its Board of Directors.

Mr. Hegarty is Managing Director of TowerGroup's Securities & Investments Group, the umbrella for three practice areas: Securities & Capital Markets, Investment Management, and Brokerage & Wealth Management. Rob's group focuses on technology trends and strategies in the brokerage, capital markets, investing, and asset management industries.

TowerGroup is the leading research and advisory firm focused exclusively on the global financial services industry. For more than a decade, TowerGroup has been providing the world's top financial services, technology, and professional services companies with trusted advice and continuous, timely, and objective information. TowerGroup is a wholly owned subsidiary of MasterCard Worldwide which operates as a separate business entity with complete editorial independence.

"We are very excited Rob has joined Bridgeline's Board of Directors," said Thomas Massie, President and CEO. "Rob's combination of strong executive leadership skills combined with his technical foundation and independent perspective will be a strong asset."

Mr. Hegarty has over 20 years of experience in the financial services technology industry. Before joining TowerGroup in 1999, he held senior leadership positions at Putnam Investments in Boston Fidelity Investments in Boston, Drexel Burnham Lambert in New York and Coopers & Lybrand in Boston. He is a member of several financial services industry boards and is quoted frequently by publications such as The Wall Street Journal, Barron's, Business Week, Forbes, Institutional Investor, and many others. Mr. Hegarty has been a featured speaker at dozens of industry conferences and has appeared on CNBC-TV, ABC-TV and syndicated radio. Mr. Hegarty holds an M.B.A. with a finance/marketing concentration from Babson College and a B.S. in computer science from North Adams State College.

About Bridgeline Software

Bridgeline Software is a developer of award winning web applications and quality web software tools such as its enterprise level web content management system, netEDITOR-pro®. In addition, Bridgeline Software provides an on-demand web based platform called Orgitecture®. This very scalable on-demand web based platform provides expandable modules such as Relationship Management, eSurvery, eNewsletter, Content Management, eCommerce, Event Registration and Integrated Grants Management. Bridgeline Software's team of Microsoft® certified developers specialize in information architecture, usability engineering, SharePoint® development, web application development, rich media development, e-commerce, e-Learning, and database development. By providing scalable web software tools with award winning web development capabilities, Bridgeline Software uniquely provides their customers with complete end-to-end solutions that optimize business processes through web-based technologies.

Companies such The Bank of New York, John Hancock, Newton-Wellesley Hospital, Cisco Systems, First Albany Companies, Astra Tech, Cadaret Grant, Nomura Securities, Grantmakers in the Arts, JBHanuer & Co., March of Dimes, Omgeo, Power Steering Software, Gill Foundation, The Commonwealth Fund, National Fire Protection Association, Jewish Funders Network, the Federal Mediation & Conciliation Service, RSA Security, Massachusetts Institute of Technology, Smithsonian Institution, Harvard Vanguard Medical Associates, ArQule, Brigham and Women's Hospital, and Emerson Hospital have turned to Bridgeline Software for our web based software tools or award winning web application development capabilities.

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