Halogen Software Files Final Prospectus and Announces Pricing of Initial Public Offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

OTTAWA, May 13, 2013 /CNW/ - Halogen Software Inc. ("Halogen"), a leading provider of comprehensive software-as-a-service ("SaaS") talent management solutions, announced today that it has filed its final prospectus (the "Prospectus") in each of the provinces and territories of Canada in connection with the initial public offering and secondary offering (collectively, the "Offering") of its common shares.  The Prospectus qualifies the distribution of 4,800,000 common shares of which 4,365,218 common shares will be issued and sold by Halogen and 434,782 common shares will be sold by JMI Equity Fund VI, L.P. at a price of $11.50 per common share, for total gross proceeds to Halogen of $50,200,007.

The offering is being co-led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., with the remaining syndicate of underwriters being Raymond James Ltd., Cantor Fitzgerald Canada Corporation and National Bank Financial Inc.

Halogen has also granted the Underwriters an over-allotment option, exercisable in whole or in part at any time for a period of 30 days following the closing of the Offering, to purchase, in aggregate, up to an additional 720,000 common shares exercisable at $11.50 per common share.

The Offering is expected to close on or about May 17, 2013. Halogen has received conditional listing approval for the listing of its common shares on the Toronto Stock Exchange (the "TSX") under the symbol "HGN" subject to Halogen fulfilling all of the listing requirements of the TSX.

A copy of this final prospectus will be available on SEDAR (www.sedar.com).

No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Halogen Software in any jurisdiction.

About Halogen Software
Halogen Software offers an organically built cloud-based talent management suite that reinforces and drives higher employee performance across all talent programs - whether that is recruiting, performance management, learning and development, succession planning or compensation.  With over 1,750 customers worldwide, Halogen has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry.   Halogen Software's powerful, yet simple-to-use solutions, which also include industry-vertical offerings, are used by organizations that want to build a world-class workforce that is aligned, inspired and focused on delivering exceptional results.

SOURCE: HALOGEN SOFTWARE

Tim Foran
T:  1-800-385-5451 ext. 251
E: [email protected]

Craig Armitage
T:  1-800-385-5451 ext. 278
E: [email protected]