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                                                                     Exhibit 3.2

                                 RESTATED BYLAWS
                        OF ASCENTIAL SOFTWARE CORPORATION

                                    ARTICLE I

                                     OFFICES

         SECTION 1. Principal Executive Office. The Board of Directors shall fix
the location of the principal executive office of the Corporation at any place
within or outside the State of Delaware. The Board of Directors shall fix and
designate a registered business office and registered agent in the State of
Delaware regardless of whether the Corporation maintains a place of business
there.

         SECTION 2. Other Offices. The Board of Directors may at any time
establish branch or subordinate offices at any place or places where the
Corporation is qualified to do business.

                                   ARTICLE II

                            MEETINGS OF STOCKHOLDERS

         SECTION 1. Place of Meetings. Meetings of stockholders shall be held at
any place within or outside the State of Delaware designated by the Board of
Directors. In the absence of any such designation, stockholders' meetings shall
be held at the principal executive office of the Corporation.

         SECTION 2. Annual Meetings. The annual meetings of stockholders shall
be held on such day and at such hour as may be fixed by the Board of Directors
within thirteen months subsequent to the later of the date of incorporation of
the Corporation or the last annual meeting of stockholders. At such meeting,
Directors shall be elected and any other proper business may be transacted.

         At an annual meeting of the stockholders, only such business shall be
conducted as shall have been properly brought before the meeting. To be properly
brought before an annual meeting, business must be (a) specified in the notice
of meeting (or any supplement thereto) given by or at the direction of the Board
of Directors, (b) otherwise properly brought before the meeting by or at the
direction of the Board of Directors, or (c) otherwise properly brought before
the meeting by a stockholder. For business to be properly brought before an
annual meeting by a stockholder, the stockholder must have given timely notice
thereof in writing to the Secretary of the Corporation. To be timely, a
stockholder's notice must be delivered to or mailed and received at the
principal executive offices of the Corporation not less than one hundred twenty
(120) days prior to the date of such meeting (as set forth in this Section 2). A
stockholder's notice to the Secretary shall set forth as to each matter the
stockholder proposes to bring before the annual meeting (a) a brief description
of the business desired to be brought before the annual meeting, (b) the name
and address, as they appear on the Corporation's books, of the stockholder
proposing such business, (c) the class and number of shares of the Corporation
which are beneficially owned (as such term is defined in Section 4, Paragraph D
of Article Seven of the Corporation's Certificate of Incorporation) by the
stockholder, (d) any material interest of the stockholder in such business and
(e) all other information with respect to each such matter as would have been
required to be included in a proxy statement filed pursuant to Regulation 14A
(17 CFR 240.14a-l et seq.) as then in effect under the Securities Exchange Act
of 1934, as amended, had proxies been solicited by the Board of Directors with
respect thereto. Notwithstanding anything in the
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Restated Bylaws to the contrary, no business shall be conducted at an annual
meeting except in accordance with the procedures set forth in this Section 2.
The presiding officer of an annual meeting shall, if the facts warrant,
determine that business was not properly brought before the meeting in
accordance with the provisions of this Section 2, and if he should so determine,
he shall so declare to the meeting and any such business not properly brought
before the meeting shall not be transacted.

         SECTION 3. Special Meetings. Special meetings of the stockholders may
be held for any purpose or purposes unless otherwise proscribed by statute or by
the Certificate of Incorporation. Except as otherwise required by law and
subject to the rights, if any, of the holders of any class or series of stock
having a preference over the Common Stock as to dividends or upon liquidation,
special meetings of the stockholders of the Corporation may be called only by
the Chairman of the Board of Directors, the President of the Corporation or the
Board of Directors pursuant to a resolution approved by a majority of the entire
Board of Directors.

         The "call" and the "notice" of any such meeting shall be deemed to be
synonymous.

         SECTION 4. Notice of Stockholders' Meetings. All notices of meetings of
stockholders shall be sent or otherwise given in accordance with Section 5 of
this Article II not fewer than ten (10) nor more than sixty (60) days before the
date of the meeting. The notice shall specify the place, date and hour of the
meeting and (i) in the case of a special meeting, the nature of the business to
be transacted, or (ii) in the case of the annual meeting, those matters which
the Board of Directors, at the time of giving the notice, intends to present for
action by the stockholders. The notice of any meeting at which Directors are to
be elected shall include the name of any nominee or nominees whom, at the time
of the notice, management intends to present for election.

         SECTION 5. Manner of Giving Notice; Affidavit of Notice. Written notice
of any meeting of stockholders shall be given. If mailed, notice shall be deemed
to have been given at the time when delivered personally or deposited in the
United States mail, postage prepaid.

         An affidavit of the mailing or other means of giving any notice of any
stockholders' meeting shall be executed by the secretary, assistant secretary,
or any transfer agent of the Corporation giving the notice, and shall be filed
and maintained in the minute book of the Corporation.

         SECTION 6. Quorum. At any meeting of the stockholders, the holders of a
majority of all of the shares of the stock entitled to vote at the meeting,
present in person or by proxy, shall constitute a quorum for all purposes,
unless or except to the extent that the next sentence is applicable or the
presence of a larger number may be required by law. Where a separate vote by a
class or classes is required, a majority of the shares of such class or classes
present in person or represented by proxy shall constitute a quorum entitled to
take action with respect to that vote on that matter. If a quorum shall fail to
attend any meeting, the chairman of the meeting or the holders of a majority of
the shares of stock entitled to vote who are present, in person or by proxy, may
adjourn the meeting to another place, date, or time.

         SECTION 7. Adjourned Meetings and Notice Thereof. When a stockholders'
meeting is adjourned to another time or place, notice of the adjourned meeting
need not be given if the time and place thereof are announced at the meeting at
which the adjournment is taken; except that if the adjournment is for more than
thirty days or if the Board of Directors shall set a new record
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date, notice of any adjourned meeting shall be given to each stockholder of
record entitled to vote at the adjourned meeting in accordance with Sections 4
and 5 of this Article II. At the adjourned meeting, the Corporation may transact
any business which might have been transacted at the original meeting.

         SECTION 8. Voting. Except as otherwise required by the Certificate of
Incorporation or the General Corporation Law of Delaware, each outstanding
share, regardless of class, shall be entitled to one vote on each matter
submitted to a vote of stockholders. Vote may be by voice or by ballot.

         Any holder of shares entitled to vote on any matter may vote part of
the shares in favor of the proposal and refrain from voting the remaining shares
or vote them against the proposal but if the stockholder fails to specify the
number of shares such stockholder is voting affirmatively, it shall be
conclusively presumed that the stockholder's approving vote is with respect to
all shares said stockholder is entitled to vote.

         SECTION 9. Waiver of Notice or Consent by Absent Stockholders. The
transactions of any meeting of stockholders, either annual or special, however
called and noticed, and wherever held, shall be as valid as though had at a
meeting duly held after regular call and notice, if a quorum is present either
in person or by proxy, and if, either before or after the meeting, each person
entitled to vote, not present in person or by proxy, signs a written waiver of
notice, or a consent to the holding of such meeting, or an approval of the
minutes thereof. The waiver of notice or consent need not specify either the
business to be transacted or the purpose of any annual or special meeting of
stockholders. All such waivers, consents, or approvals shall be filed with the
corporate records or made a part of the minutes of the meeting.

         Attendance of a person at a meeting shall constitute a waiver of notice
of such meeting, except when a person objects, at the beginning of the meeting,
to the transaction of any business because the meeting is not lawfully called or
convened; and except that attendance at a meeting is not a waiver of any right
to object to the consideration of matters not included in the notice of the
meeting if that objection is expressly made at the meeting.

         SECTION 10. Stockholder Action; How Taken. No action required or
permitted to be taken at any annual or special meeting of stockholders of the
Corporation may be taken without a meeting, and the power of stockholders to
consent in writing, without a meeting, to the taking of any action is
specifically denied.

         SECTION 11. Proxies. Every person entitled to vote for Directors or on
any other matter shall have the right to do so either in person or by one or
more agents authorized by a written proxy signed by the person and filed with
the secretary of the Corporation. A proxy shall be deemed signed if the
stockholder's name is placed on the proxy (whether by manual signature,
typewriting, telegraphic transmission, or otherwise) by the stockholder or the
stockholder's attorney in fact. A validly executed proxy which does not state
that it is irrevocable and is not coupled with an interest shall continue in
full force and effect unless (i) revoked by the person executing it, before the
vote pursuant to that proxy, by a writing delivered to the Corporation stating
that the proxy is revoked, or by a subsequent proxy executed by, or attendance
at the meeting and voting in person by, the person executing the proxy; or (ii)
written notice of the death or incapacity of the maker of that proxy is received
by the Corporation before the vote pursuant to that proxy is counted; provided,
however, that no proxy shall be valid after the expiration of three years from
the date of the proxy, unless otherwise provided in the proxy.
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         SECTION 12. Inspectors of Election. Before any meeting of stockholders,
the Board of Directors may appoint any persons other than nominees for office to
act as inspectors of election at the meeting or its adjournment. If no
inspectors of election are so appointed, the chairman of the meeting may appoint
inspectors of election at the meeting.

         These inspectors shall:

         (a) Determine the number of shares outstanding and the voting power of
each, the shares represented at the meeting, the existence of a quorum, and the
authenticity, validity, and effect of proxies;

         (b) Receive votes, ballots, or consents;

         (c) Hear and determine all challenges and questions in any way arising
in connection with the right to vote;

         (d) Count and tabulate all votes or consents;

         (e) Determine when the polls shall close;

         (f) Determine the results; and

         (g) Do any other acts that may be proper to conduct the elections or
votes with fairness to all stockholders.

         SECTION 13. Stockholders' Lists. The Secretary or Assistant Secretary,
who shall have charge of the stock ledger, shall prepare and make, at least ten
(10) days before every meeting of stockholders, a complete list of the
stockholders entitled to vote at the meeting, arranged in alphabetical order,
and showing the address of each stockholder and the number of shares registered
in the name of each stockholder. Such list shall be open to the examination of
any stockholder, for any purpose germane to the meeting, during ordinary
business hours, for a period of at least ten (10) days prior to the meeting,
either at a place within the city where the meeting is to be held, which place
shall be specified in the notice of the meeting, or, if not so specified, at the
place where the meeting is to be held. The list shall also be produced and kept
at the time and place of the meeting during the whole time thereof, and may be
inspected by any stockholder who is present. This list shall presumptively
determine the identity of the stockholders entitled to vote at the meeting and
the number of shares held by each of them.

                                   ARTICLE III

                                    DIRECTORS

         SECTION 1. Management. The property, business and affairs of the
Corporation shall be managed by or under the direction of a Board of Directors.
The number of Directors of the Corporation (including Directors to be elected by
the holders of any one or more series of Preferred Stock voting separately as a
class or classes) shall be five (5). As used in these Restated Bylaws, the terms
"whole Board" or "whole Board of Directors" mean the total number of Directors
which the Corporation would have if there were no vacancies. In addition to the
powers and authorities by these Restated Bylaws and the Certificate of
Incorporation expressly conferred upon it, the Board of Directors may exercise
all such powers of the Corporation, and do all such lawful acts and things as
are not by statute or by the Certificate of Incorporation or by
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these Restated Bylaws directed or required to be exercised or done by the
stockholders.

         SECTION 2. Classes. The members of the whole Board of Directors, other
than those who may be elected by the holders of any Preferred Stock, or series
thereof, shall be divided into three (3) classes (to be designated as Class I,
Class II and Class III), with the term of office of one class expiring each
year. Subject to any shorter or longer term which may be applicable to a
director elected by any series of Preferred Stock voting separately as a class,
at each annual meeting of stockholders the successors to the class of Directors
whose term shall then expire shall be elected to hold office for a term expiring
at the third succeeding annual meeting and until their respective successors
shall be elected and qualify or until their respective earlier resignation or
removal.

         SECTION 3. Vacancies and Newly Created Directorships. Except for
directorships created pursuant to Article Four of the Certificate of
Incorporation relating to the rights of holders of Preferred Stock, or any
series thereof, and except for vacancies in such directorships, any vacancies in
the Board of Directors for any reason, and any newly created Directorships
resulting from any increase in the number of Directors, may be filled only by
the Board of Directors, acting by a majority of the Directors then in office,
although less than a quorum, and any Directors so chosen shall hold office until
the next election of the class for which such Directors shall have been chosen
and until their respective successors shall be elected and qualified or until
their respective earlier resignation or removal. No decrease in the number of
Directors shall shorten the term of any incumbent Director.

         SECTION 4. Removal of Directors. Notwithstanding any other provisions
of these Restated Bylaws (and notwithstanding the fact that some lesser
percentage may be specified by law or these Restated Bylaws), any Director or
the entire Board of Directors of the Corporation, except for Directors elected
by one or more series of Preferred Stock, voting separately as a class, may be
removed at any time, but only for cause and only by the affirmative vote of the
holders of at least a majority of the Total Voting Power of the then outstanding
shares of Voting Stock, considered for this purpose as one class (it being
understood that for purposes of this Section 4, each share of the Voting Stock
shall have the number of votes granted to it pursuant to Article Four of the
Corporation's Certificate of Incorporation). For the purposes of this Section 4,
(i) the term "Total Voting Power" shall mean the aggregate of all votes of all
outstanding shares of Voting Stock; and (ii) the term "Voting Stock" shall mean
the shares of all classes of capital stock of the Corporation entitled to vote
on removal of any Director or the entire Board of Directors in the manner
provided in this Section 4 (except that if the next succeeding sentence is
operative, then the outstanding shares of Preferred Stock shall not be
considered "Voting Stock" for purposes of this Section 4). Notwithstanding the
foregoing, and except as otherwise required by law, whenever the holders of any
one or more series of Preferred Stock shall have the right, voting separately as
a class, to elect one or more Directors of the Corporation, the provisions of
this Article III, Section 4 shall not apply with respect to the Director or
Directors elected by such holders of Preferred Stock.

         SECTION 5. Notification of Nominations. Subject to the rights of
holders of any class or series of Preferred Stock, nominations for the election
of Directors may be made by the Board of Directors or a proxy committee
appointed by the Board of Directors or by any stockholder entitled to vote in
the election of Directors generally. However, any stockholder entitled to vote
in the election of Directors may nominate one or more persons for election of
Directors at a meeting only if written notice of such stockholder's intent to
make such nomination or nominations has been given, either by personal delivery
or by United States mail, postage prepaid, to the Secretary of the Corporation
not later than (i) with respect to an election to be held
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at an annual meeting of stockholders, one hundred and twenty (120) days in
advance of the date of such meeting (as set forth in Section 2 of Article II of
these Restated Bylaws), and (ii) with respect to an election to be held at a
special meeting of stockholders for the election of Directors, the close of
business on the seventh (7th) day following the date on which notice of such
meeting is first given to stockholders. Each such notice shall set forth: (a)
the name and address of the stockholder who intends to make the nomination and
of the person or persons to be nominated; (b) a representation that the
stockholder is a holder of record of stock of the Corporation entitled to vote
at such meeting and intends to appear in person or by proxy at the meeting to
nominate the person or persons specified in the notice; (c) the name and
address, as they appear on the Corporation's books, of such stockholder; (d) the
class and number of shares of the Corporation which are beneficially owned (as
such term is defined in Section 4, Paragraph D of Article Seven of the
Corporation's Certificate of Incorporation) by the nominating stockholder an
each nominee proposed by such stockholder; (e) a description of all arrangements
or understandings between the stockholder and each nominee and any other person
or persons (naming such person or persons) pursuant to which the nomination or
nominations are to be made by the stockholder; (f) such other information
regarding each nominee proposed by such stockholder as would have been required
to be included in a proxy statement filed pursuant to Regulation 14A (17 CFR
240.14a-1 et seq.) as then in effect under the Securities Exchange Act of 1934,
as amended, had the nominee been nominated, or intended to be nominated, by the
Board of Directors; and (g) the consent of each nominee to serve as a Director
of the Corporation if so elected. The chairman of the meeting may refuse to
acknowledge the nomination of any person not made in compliance with the
foregoing procedure.

         SECTION 6. Place of Meetings and Meetings by Telephone. Meetings of the
Board of Directors shall be held at any place within or without the State of
Delaware which may be designated in the notice of the meeting, or, if not stated
in the notice or there is no notice, designated by resolution of the Board. In
the absence of such designation, meetings of the Board of Directors shall be
held at the principal executive office of the Corporation. Members of the Board
may participate in a regular or special meeting through use of conference
telephone or similar communications equipment, so long as all members
participating in such meeting can hear one another. Participation in a meeting
pursuant to this Section 6 of Article III constitutes presence in person at such
meeting.

         SECTION 7. Annual Meeting. Immediately before or after each annual
meeting of the stockholders, the Board of Directors shall hold a regular meeting
for the purpose of organization, the election of officers and the transaction of
other business. No notice of such meeting need be given.

         SECTION 8. Other Regular Meetings. The Board of Directors may provide
by resolution the time and place for the holding of regular meetings of the
Board; provided, however, that if the date so designated falls upon a legal
holiday, then the meeting shall be held at the same time and place on the next
succeeding day which is not a legal holiday. No further notice of such regular
meetings of the Board need be given.

         SECTION 9. Special Meetings. Special meetings of the Board of Directors
for any purpose or purposes may be called at any time by the chairman of the
Board or the president or any vice president or the secretary or any two
Directors.

         Notice of the time and place of special meetings shall be delivered
personally or by telephone to each Director or sent by first-class mail,
overnight courier, or telegram, charges prepaid, addressed to each Director at
that Director's address as it is shown on the records of the
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Corporation or his usual place of business. In case the notice is mailed, it
shall be deposited in the United States mail at least three (3) days before the
time of the holding of the meeting. In case the notice is delivered personally,
or by telephone, overnight courier, or telegram, it shall be delivered
personally or by telephone or to the courier or telegraph company at least
forty-eight (48) hours before the time of the holding of the meeting. Any oral
notice given personally or by telephone may be communicated either to the
Director or to a person at the office of the Director who the person giving the
notice has reason to believe will promptly communicate it to the Director. The
notice need not specify the purpose of the meeting nor the place if the meeting
is to be held at the principal executive office of the Corporation.

         SECTION 10. Quorum. A majority of the authorized number of Directors
shall constitute a quorum for the transaction of business except to adjourn as
provided in Section 12 of this Article III. Every act or decision done or made
by a majority of the Directors present at a meeting duly held at which a quorum
is present shall be the act of the Board of Directors, unless the Certificate of
Incorporation, or the General Corporations Law of Delaware, specifically
requires a greater number. A meeting at which a quorum is initially present may
continue to transact business, notwithstanding the withdrawal of Directors, if
any action taken is approved by at least a majority of the required quorum for
such meeting.

         SECTION 11. Waiver of Notice. Notice of a meeting shall be deemed given
to any Director who attends the meeting without protesting before or at its
commencement, the lack of notice to such director.

         The transactions of any meeting of the Board of Directors, however
called and noticed or wherever held, shall be as valid as though had at a
meeting duly held after regular call and notice if a quorum is present and if,
either before or after the meeting, each of the Directors not present signs a
written waiver of notice, a consent to holding the meeting or an approval of the
minutes thereof. The waiver of notice or consent need not specify the purpose of
the meeting. All such waivers, consents and approvals shall be filed with the
corporate records or made a part of the minutes of the meeting.

         SECTION 12. Adjournment. Any meeting of the Board of Directors, whether
or not a quorum is present, may be adjourned to another time and place by the
vote of a majority of the Directors present. If a meeting is adjourned for more
than 24 hours, notice of the time and place of the reconvened adjourned meeting
shall be given to Directors absent at the time of adjournment before the time of
the reconvened adjourned meeting.

         SECTION 13. Action Without Meeting. Any action required or permitted to
be taken by the Board of Directors may be taken without a meeting, if all
members of the board shall individually or collectively consent in writing to
such action. Such written consent or consents shall be filed with the minutes of
the proceedings of the Board. Such action by written consent shall have the same
force and effect as a unanimous vote of such Directors.

         SECTION 14. Fees and Compensation of Directors. Unless otherwise
restricted by the Certificate of Incorporation, the Board of Directors may, by
resolution, fix the compensation to be paid Directors for serving as Directors
of the Corporation and may, by resolution, fix a sum which shall be allowed and
paid for attendance at each meeting of the Board of Directors and may provide
for reimbursement of expenses incurred by Directors in attending each meeting;
provided that nothing herein contained shall be construed to preclude any
Director from serving the Corporation in any other capacity and receiving his
regular compensation therefor. Members of special or standing committees may be
allowed similar compensation for attending committee
<PAGE>
meetings.

                                   ARTICLE IV

                                   COMMITTEES

         SECTION 1. Committees. The Board of Directors may, by resolution
adopted by a majority of the authorized number of Directors, designate such
committees, each consisting of one or more Directors, as it may from time to
time deem advisable to perform such general or special duties as may from time
to time be delegated to any such committee by the Board of Directors, subject to
the limitations contained in the General Corporations Law of Delaware, or
imposed by the Certificate of Incorporation or by these Restated Bylaws. Any
committee so designated may exercise the power and authority of the Board of
Directors to declare a dividend, to authorize the issuance of stock or to adopt
a certificate of ownership and merger pursuant to Section 253 of the General
Corporation Law of Delaware if the resolution which designates the committees or
a supplemental resolution of the Board of Directors so provides. The Board may
designate one or more Directors as alternate members of any committee, who may
replace any absent member at any meeting of the committee.

         SECTION 2. Minutes. Each committee shall keep regular minutes of its
proceedings, which shall be filed with the Secretary.

         SECTION 3. Meetings. Except as otherwise provided in these Restated
Bylaws or be resolution of the Board of Directors, each committee shall adopt
its own rules governing the time and place of holding and the method of calling
its meetings and the conduct of its proceedings and shall meet as provided by
such rules. Unless otherwise provided by such rules or by resolution of the
Board of Directors, committee meetings shall be governed by Sections 11, 12 and
13 and Article III of these Restated Bylaws.

         SECTION 4. Term of Office of Committee Members. The term of office of
any committee member shall be as provided in the resolution of the Board of
Directors designating such committee member but shall not exceed such committee
member's term as a Director. Any member of a committee may be removed at any
time by resolution adopted by a majority of the Directors, either present at a
meeting of the Board or by written approval thereof.

                                    ARTICLE V

                                    OFFICERS

         SECTION 1. Officers. The officers of the Corporation shall be a Chief
Executive Officer, a Vice President, a Secretary, and a Treasurer, who shall be
the Chief Financial Officer of the Corporation. The Corporation may also have,
at the discretion of the Board of Directors, a Chairman of the Board, a
President, one or more additional Vice Presidents, one or more Assistant
Treasurers, and such other officers as may be appointed in accordance with the
provisions of Section 3 of this Article V. One person may hold two or more
offices.

         SECTION 2. Election. The officers of the Corporation, except such
officers as may be appointed in accordance with the provisions of Section 3 and
5 of this Article V, shall be chosen annually by the Board of Directors and each
shall hold office until such officer shall resign or shall be removed or
otherwise disqualified to serve, or such officer's successor shall be elected
and qualified.
<PAGE>
         SECTION 3. Subordinate Officers, Etc. The Board of Directors may
appoint, or may empower the president to appoint, such other officers as the
business of the Corporation may require, each of whom shall hold office for such
period, have such authority and perform such duties as are provided in these
Restated Bylaws or as the Board of Directors may from time to time determine.

         SECTION 4. Removal and Resignation of Officers. Any officer may be
removed, either with or without cause, by a majority of the Directors at the
time in office, at any regular or special meeting of the Board, or, except in
case of an officer chosen by the Board of Directors, by an officer upon whom
such power of removal may be conferred by the Board of Directors.

         Any officer may resign at any time by giving written notice to the
Corporation. Any such resignation shall take effect at the date of the receipt
of such notice or at any later time specified therein; and, unless otherwise
specified therein, the acceptance of such resignation shall not be necessary to
make it effective.

         SECTION 5. Vacancies in Office. A vacancy in any office because of
death, resignation, removal, disqualification or any other cause shall be filled
in the manner prescribed in these Restated Bylaws for regular appointments to
such office.

         SECTION 6. Chairman of The Board. The Chairman of the Board, if there
shall be such an officer, shall, if present, preside at all meetings of the
Board of Directors, and exercise and perform such other powers and duties as may
be from time to time assigned to him or her by the Board of Directors or
prescribed by these Restated Bylaws.

         SECTION 7. Chief Executive Officer. The Chief Executive Officer shall,
subject to the provisions of these Restated Bylaws and to the direction of the
Board of Directors, and the Chairman of the Board perform all duties and have
all powers which are commonly incident to the office of chief executive officer
of a corporation, and shall exercise and perform such other powers and duties as
may be from time to time assigned to him by the Board of Directors or the
Chairman of the Board, or prescribed by these Restated Bylaws.

         SECTION 8. President. Subject to such supervisory powers, if any, as
may be given by the Board of Directors to the Chairman of the Board or Chief
Executive Officer, if there shall be such officers, the President shall be the
chief operating officer of the Corporation and shall, subject to the control of
the Board of Directors, have general supervision, direction, and control of the
business and officers of the Corporation. He or she shall have the general
powers and duties of management usually vested in the office of president and
chief operating officer of a corporation, and shall have such other powers and
duties as may be prescribed by the Board of Directors or by these Restated
Bylaws. In the event that the Board of Directors does not appoint an individual
to serve as President of the Corporation, then all of the duties and
responsibilities specified in Section 8 shall be given to the Chief Executive
Officer, and all references in the Restated Bylaws to the President shall be
deemed to refer to the Chief Executive Officer.

         SECTION 9. Vice President. In the absence or disability of the
President, the Vice Presidents in order of their rank as fixed by the Board of
Directors, or if not ranked, the Vice President designated by the Board of
Directors, shall perform the duties of the President, and when so acting shall
have all the powers of, and be subject to all the restrictions upon, the
President. The Vice Presidents shall have such other powers and perform such
other duties as from time to time may be prescribed for them respectively by the
Board of Directors of these
<PAGE>
Restated Bylaws.

         SECTION 10. Secretary. The Secretary shall keep, or cause to be kept, a
book of minutes in written form of the proceedings of the Board of Directors,
committees of the Board, and stockholders. Such minutes shall include all
waivers of notice, consents to the holding of meetings, or approvals of the
minutes of meetings executed pursuant to these Restated Bylaws or the General
Corporations Law of Delaware. The secretary shall keep, or cause to be kept at
the principal executive office or at the office of the Corporation's transfer
agent or registrar, a record of its stockholders, giving the names and addresses
of all stockholders and the number and class of shares held by each.

         The Secretary shall give or cause to be given, notice of all meetings
of the stockholders and of the Board of Directors required by these Restated
Bylaws or by law to be given, and shall keep the seal of the Corporation in safe
custody, and shall have such other powers and perform such other duties as may
be prescribed by the Board of Directors or these Restated Bylaws.

         SECTION 11. Chief Financial Officer. The Chief Financial Officer shall
keep and maintain, or cause to be kept and maintained, adequate and correct
books and records of account in written form or any other form capable of being
converted into written form.

         The Chief Financial Officer shall deposit all monies and other
valuables in the name and to the credit of the Corporation with such
depositaries as may be designated by the Board of Directors. He shall disburse
all funds of the Corporation as may be ordered by the Board of Directors, shall
render to the President and Directors, whenever they request it, an account of
all of his transactions as Chief Financial Officer and of the financial
condition of the Corporation, and shall have such other powers and perform such
other duties as may be prescribed by the Board of Directors or by these Restated
Bylaws.

         SECTION 12. Compensation. The compensation of the officers shall be
fixed from time to time by the Board of Directors, and no officer shall be
prevented from receiving such compensation by reason of the fact that he is also
a Director of the Corporation.

                                   ARTICLE VI

                                 INDEMNIFICATION

         Section 1. Right to Indemnification. Each person who was or is made a
party or is threatened to be made a party to or is involved in any action, suit
or proceeding, whether civil, criminal, administrative, investigative, or
appellate ("Proceeding"), by reason of the fact that he or she is or was a
Director or officer of the Corporation or is or was serving at the request of
the Corporation as a Director or officer of another Corporation or of a
partnership, joint venture, trust or other enterprise, including service with
respect to employee benefit plans, whether the basis of such Proceeding is
alleged action in an official capacity as a Director or officer or in any other
capacity while serving as a Director or officer shall be indemnified and held
harmless by the Corporation to the fullest extent not prohibited by the General
Corporation Law of Delaware, as the same exists or may hereafter be amended
(but, in the case of any such amendment, only to the extent that such amendment
permits the Corporation to provide broader indemnification rights than said Law
permitted the Corporation to provide prior to such amendment) against all
expenses, liability and loss (including, without limitation, attorneys' fees,
judgments, fines, ERISA excise taxes or penalties and amounts paid or to be paid
in settlement) reasonably incurred or suffered by such person in connection
therewith or in connection with the
<PAGE>
investigation, defense, settlement or appeal of such Proceeding and such
indemnification shall continue as to a person who has ceased to be a Director or
officer and shall inure to the benefit of his or her heirs, executors and
administrators; provided, however that, except as provided in Section 2 of this
Article VI, the Corporation shall indemnify any such person seeking indemnity in
connection with a Proceeding (or part thereof) initiated by such person only if
such Proceeding (or part thereof) was authorized by the Board of Directors of
the Corporation. The right to indemnification conferred by this Section shall
include the right to be paid by the Corporation expenses incurred in defending
any such Proceeding in advance of its final disposition (hereinafter an
"advancement of expenses"); provided, however that, if required by the General
Corporation Law of Delaware, an advancement of expenses incurred by a Director
or officer in his or her capacity as a Director or officer (and not in any other
capacity in which service was or is rendered by such person while a Director or
officer, including, without limitation, service to an employee benefit plan)
shall be made only upon delivery to the Corporation of an undertaking, by or on
behalf of such Director or officer, to repay all amounts so advanced if it shall
ultimately be determined by final judicial decision from which there is no
further right to appeal that such Director or officer is not entitled to be
indemnified under this Section or otherwise. Any other provision herein to the
contrary notwithstanding, the Corporation shall not be obligated under these
Restated Bylaws to indemnify the indemnitee for any amounts paid in settlement
of a Proceeding unless the Corporation consents to such settlement which consent
shall not be unreasonably withheld.

         SECTION 2. Right of Indemnitee to Bring Suit. If a claim under Section
1 of this Article VI is not paid in full by the Corporation within sixty (60)
days after a written claim has been received by the Corporation, except in the
case of a claim for an advancement of expenses, in which case the applicable
period shall be twenty (20) days, the indemnitee may at any time thereafter
bring suit against the Corporation to recover the unpaid amount of the claim. If
successful in whole or in part in any such suit, or in a suit brought by the
Corporation to recover an advancement of expenses pursuant to the terms of an
undertaking, the indemnitee shall be entitled to be paid also the expense of
prosecuting or defending such suit. In (i) any suit brought by the indemnitee to
enforce a right to indemnification hereunder (but not in a suit brought by the
indemnitee to enforce a right to an advancement of expenses) it shall be a
defense that, and (ii) in any suit by the Corporation to recover an advancement
of expenses pursuant to the terms of an undertaking the Corporation shall be
entitled to recover such expenses upon a final adjudication that, the indemnitee
has not met the applicable standard of conduct set forth under the General
Corporation Law of Delaware. Neither the failure of the Corporation (including
its Board of Directors, independent legal counsel, or its stockholders) to have
made a determination prior to the commencement of such action that
indemnification of the indemnitee is proper in the circumstances because he or
she has met the applicable standard of conduct set forth in the General
Corporation law of Delaware, nor an actual determination by the Corporation
(including its Board of Directors, independent legal counsel, or its
stockholders) that the indemnitee has not met such applicable standard of
conduct, shall create a presumption that the indemnitee has not met the
applicable standard of conduct or, in the case of a suit brought by the
indemnitee, be a defense to such a suit. In a suit brought by the indemnitee to
enforce a right to indemnification or to an advancement of expenses hereunder,
or by the Corporation to recover an advancement of expenses pursuant to the
terms of an undertaking, the burden of proving that the indemnitee is not
entitled to be indemnified, or to such advancement of expenses, under this
Article or otherwise shall be on the Corporation.

         SECTION 3. Indemnification of Employees and Agents of the Corporation.
The Corporation may, to the extent authorized from time to time by the Board of
Directors, grant rights to indemnification, and to the advancement of expenses
to any employee or agent of the
<PAGE>
Corporation to the fullest extent of the provisions of this Article with respect
to the indemnification of and advancement of expenses to Directors and officers
of the Corporation.

         SECTION 4. Non-Exclusivity of Rights. The rights conferred on any
person by this Article VI shall not be exclusive of any other right which such
person may have or hereafter acquire under any statute, provision of the
Certificate of Incorporation or these Restated Bylaws, agreement, vote of
stockholders or disinterested Directors, insurance policy, or otherwise. Nothing
contained herein shall limit in any way any right which the Corporation may have
to make additional indemnifications with respect to the same or different
persons or classes of persons.

         SECTION 5. Indemnification Contracts. The Board of Directors is
authorized to enter into a contract with any Director, officer, employee or
agent of the Corporation, or any person serving at the request of the
Corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, including employee
benefit plans, providing for indemnification rights equivalent to or, if the
Board of Directors so determines, greater than, those provided for in this
Article VI.

         SECTION 6. Insurance. The Corporation may maintain insurance, at its
expense, to protect itself and any such director, officer, employee or agent of
the Corporation or another corporation, partnership, joint venture, trust or
other enterprise against any such expense, liability or loss, whether or not the
Corporation would have the power to indemnify such person against such expense,
liability or loss under the General Corporation Law of Delaware.

         SECTION 7. Severability. If any provision of this Article or the
application of any such provision to any person or circumstance is held invalid,
illegal or unenforceable for any reason whatsoever, the remaining provisions of
this Article and the application of such provision to other persons or
circumstances shall not be affected thereby and to the fullest extent legally
permissible the court finding such provision invalid, illegal or unenforceable
shall modify and construe the provision so as to render it valid and enforceable
as against all persons or entities and to give the maximum possible protection
to persons subject to indemnification hereby. Without limiting the generality of
the foregoing, if any officer or Director of the Corporation or any person who
is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation or of a partnership, joint venture,
trust or other enterprise, including service with respect to employee benefit
plans is entitled under any provision of this Article, to indemnification by the
Corporation for some or a portion of the expenses, liability and loss (including
without limitation attorney's fees, judgments, fines, ERISA excise taxes or
penalties and amounts paid or to be paid in settlement) reasonably incurred or
suffered by such person in connection with any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative,
investigative or appellate, but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify such person for the portion thereof to
which such person is entitled.

         SECTION 8. Effect of Amendment. The rights granted by this Article
shall be vested in each person entitled to indemnification hereunder as a
bargained-for, contractual condition of such person's acceptance of his election
or appointment in any of the capacities set for in Section 1 of this Article.
Any amendment, repeal or modification of any provision of this Article VI by the
stockholders or the Directors of the Corporation shall not adversely affect any
right of
<PAGE>
protection of a Director or officer of the Corporation existing at the time of
such amendment, repeal or modification.

                                   ARTICLE VII

                               RECORDS AND REPORTS

         SECTION 1. Maintenance and Inspection of Books and Records. The
Corporation shall keep at its principal executive office, or at the office of
its transfer agent or registrar, if either be appointed and as determined by
resolution of the Board of Directors, a record of its stockholders, giving the
names and addresses of all stockholders and the number and class of shares held
by each stockholder. The Corporation shall also keep at its principal executive
office the original or a copy of the Restated Bylaws as amended to date and its
other books and records.

         Any stockholder of the Corporation of record, in person or by attorney
or other agent shall, upon written demand under oath stating the purpose
thereof, have the right during the usual hours for business to inspect for any
proper purpose the Corporation's stock ledger, a list of its stockholders, and
its other books and records and to make copies or extracts therefrom. A proper
purpose shall mean a purpose reasonably related to such person's interest as a
stockholder. In every instance where an attorney or other agent shall be the
person who seeks the right to inspection, the demand under oath shall be
accompanied by a power of attorney or such other writing which authorizes the
attorney or other agent to so act on behalf of the stockholder.

         SECTION 2. Inspection by Directors. Any Director shall have the right
to examine the Corporation's stock ledger, a list of its stockholders and its
other books and records for a purpose reasonably related to his or her position
as a Director.

                                  ARTICLE VIII

                            GENERAL CORPORATE MATTERS

         SECTION 1. Regulations. The Board of Directors shall have power and
authority to make all such rules and regulations as it may deem expedient
concerning the issue, transfer, conversion and registration of certificates for
shares of stock of the Corporation, not inconsistent with the laws of Delaware,
the Certificate of Incorporation of the Corporation and these Restated Bylaws.

         SECTION 2. Fixing Record Date. In order that the Corporation may
determine the stockholders entitled to notice of or to vote at any meeting of
stockholders, or to receive payment of any dividend or other distribution or
allotment of any rights or to exercise any rights in respect of any change,
conversion or exchange of stock or for the purpose of any other lawful action,
the Board of Directors may fix a record date, which record date shall not
precede the date on which the resolution fixing the record date is adopted and
which record date shall not be more than sixty (60) nor less than ten (10) days
before the date of any meeting of stockholders, nor more than sixty (60) days
prior to the time for such other action as hereinbefore described, provided,
however, that if no record date is fixed by the Board of Directors, the record
date for determining stockholders entitled to notice of or to vote at a meeting
of stockholders shall be at the close of business on the day next preceding the
day on which notice is given or, if notice is waived, at the close of business
on the day next preceding the day on which the meeting is held, and, for
determining stockholders entitled to receive payment of any dividend or other
distribution or allotment of rights or to exercise any rights of change,
conversion or exchange of stock or for any
<PAGE>
other purpose, the record date shall be at the close of business on the day on
which the Board of Directors adopts a resolution relating thereto.

         A determination of stockholders of record entitled to notice of or to
vote at a meeting of stockholders shall apply to any adjournment of the meeting;
provided, however, that the Board of Directors may fix a new record date for the
adjourned meeting.

         SECTION 3. Checks, Drafts, Evidences of Indebtedness. All checks,
drafts, or other orders for payment of money, notes, or other evidences of
indebtedness, issued in the name of or payable to the Corporation, shall be
signed or endorsed by such person or persons and in such manner as, from time to
time, shall be determined by resolution of the Board of Directors.

         SECTION 4. Corporate Contracts and Instruments; How Executed. The Board
of Directors, except as otherwise provided in these Restated Bylaws, may
authorize any officer of officers, agent or agents, to enter into any contract
or execute any instrument in the name of and on behalf of the Corporation, and
this authority may be general or confined to specific instances; and, unless so
authorized or ratified by the Board of Directors or within the agency power of
an officer, no officer, agent, or employee shall have any power or authority to
bind the Corporation by any contract or engagement or to pledge its credit or to
render it liable for any purpose or for any amount.

         SECTION 5. Certificate for Shares. A certificate or certificates for
shares of the capital stock of the Corporation shall be issued to each
stockholder when any of these shares are fully paid, and the Board of Directors
may authorize the issuance of certificates or shares as partly paid provided
that these certificates shall state the amount of the consideration to be paid
for them and the amount paid. All certificates shall be signed in the name of
the Corporation by the Chairman of the Board or Vice Chairman of the Board or
the President or Vice President and by the Treasurer or an Assistant Treasurer
or the Secretary or any Assistant Secretary, certifying the number of shares and
the class or series of shares owned by the stockholder. Any or all of the
signatures on the certificate may be facsimile. In case any officer, transfer
agent, or registrar who has signed or whose facsimile signature has been placed
on a certificate shall have ceased to be that officer, transfer agent, or
registrar before that certificate is issued, it may be issued by the Corporation
with the same effect as if that person were an officer, transfer agent, or
registrar at the date of issue.

         SECTION 6. Lost Certificates. Except as provided in this Section 6 of
Article VIII, no new certificates for shares shall be issued to replace an old
certificate unless the latter is surrendered to the Corporation and canceled at
the same time. The Board of Directors may, in case any share certificate or
certificate for any other security is lost, stolen, or destroyed, authorize the
issuance of a replacement certificate on such terms and conditions as the board
may require, including provision for indemnification of the Corporation secured
by a bond or other adequate security sufficient to protect the Corporation
against any claim that may be made against it, including any expense or
liability, on account of the alleged loss, theft, or destruction of the
certificate or the issuance of the replacement certificate.

         SECTION 7. Representation of Shares of other Corporations. The Chairman
of the Board, the President, or any Vice President, or any other person
authorized by resolution of the Board of Directors or by any of the foregoing
designated officers, is authorized to vote on behalf of the Corporation any and
all shares of any other corporation or corporations, foreign or domestic,
standing in the name of the Corporation. The authority granted to these officers
to vote or represent on behalf of the Corporation any and all shares held by the
Corporation in any other
<PAGE>
corporation or corporations may be exercised by any of these officers in person
or by any person authorized to do so by a proxy duly executed by these officers.

         SECTION 8. Construction and Definitions. Unless the context requires
otherwise, the general provisions, rules of construction, and definitions in the
General Corporation Law of Delaware shall govern the construction of these
Restated Bylaws. Without limiting the generality of this provision, the singular
number includes the plural, the plural number includes the singular, and the
term "person" includes both a corporation and a natural person.

                                   ARTICLE IX

                                   AMENDMENTS

         SECTION 1. Amendments. These Restated Bylaws may be altered, amended or
repealed, or new bylaws may be adopted, in the manner provided in the
Certificate of Incorporation.


         The undersigned, duly qualified and acting Secretary of Ascential
Software Corporation, a Delaware corporation, hereby certifies the foregoing to
be a true and complete copy of the Restated Bylaws of the said Ascential
Software Corporation, as currently in force and effect.

                                      * * *
<PAGE>
         WITNESS, the hand of the undersigned and the seal of the said Ascential
Software Corporation, this 19th day of March, 2002.

                                             ASCENTIAL SOFTWARE CORPORATION



                                             /s/Scott Semel
                                             -----------------------------------
                                             Scott N. Semel,
                                             Secretary