Halogen Software Completes Initial Public Offering and Commences Trading on the Toronto Stock Exchange

May 17, 2013

OTTAWA, May 17, 2013 – Halogen Software Inc. (“Halogen” or the “Company”), a leading provider of cloud based talent management solutions, announced today that it has completed its initial public offering (IPO) and secondary offering of its common shares (the “Offering”). Halogen’s common shares will begin trading today on the Toronto Stock Exchange under the symbol “HGN”.

“We’re very proud to have completed our IPO so successfully, especially with such strong interest and support from the investment community,” said Halogen’s executive chairman and co-founder, Michael Slaunwhite. “This is an important milestone for us, one that will accelerate our position as a leading global provider of talent management software solutions for mid-market organizations.”

Pursuant to the Offering, Halogen issued 4,365,218 common shares at a price of $11.50 for total gross proceeds to Halogen of just over $50 million. In addition, 434,782 common shares were sold by JMI Equity Fund VI, L.P. (the “Selling Shareholder”) at a price of $11.50 per share, for total gross proceeds to the Selling Shareholder of approximately $5 million.

“This is truly an exciting day for Halogen and I’m extremely proud of our employees and their contribution to our success,” said Paul Loucks, Halogen’s CEO. “This transaction enables us to grow our operations, invest in product development, and strengthen our balance sheet. More importantly – it enables us to expand upon what we do best — which is helping our customers build exceptional workforces.”

“While the market for talent management software solutions is large and growing, the mid-market is still underserved,” continued Mr. Loucks. “This is a $15 billion annual total addressable market. Our powerful, organically-built suite of cloud applications, combined with our go-to-market strategy and focus on world-class customer service, have made us a recognized leader in the mid-market; a great foundation to build upon.”

The Offering was underwritten by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Stifel NicolausCanada Inc., and including Raymond James Ltd., Cantor Fitzgerald Canada Corporation and National Bank Financial Inc. (collectively, the “Underwriters”). The Company has 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 at a price of $11.50 per share.

Osler, Hoskin & Harcourt LLP acted as legal counsel to Halogen and LaBarge Weinstein LLP acted for the Underwriters.

A copy of Halogen’s final prospectus is available on SEDAR (www.sedar.com).