Internet Capital Group

Walter is co-founder, chief executive officer and chairman of the board of Internet Capital Group. Prior to ICG, Walter was vice president of acquisitions for Safeguard Scientifics, Inc., where he led many of Safeguard's investments through the mid-1990s, including Diamond Technology, ChromoVision and Video Server. He also was responsible for developing and executing Safeguard's multimedia and Internet investment strategies. Before Safeguard, Walter was president and co-founder of Centralized Management Systems, Inc., a medical supply company, which he sold in 1987. Previously, he spent three years at CoreStates in the commercial lending group. Walter was included in Business Week's 2000 "eBiz 25," listing of the 25 most influential people in electronic business, Price Waterhouse honored Walter with its “Entrepreneur of the Year” in 2000, and the Greater Philadelphia Venture Group honored him with its "Entrepreneurial Excellence Award" in June 2000. In addition to serving as Chairman of the Board for ICG, Walter sits on the board of ICG Commerce. He is Chairman of the Starfinder Foundation, a non-profit organization, the Board of Advisors of the Carolina Entrepreneurial Initiative and on the Board of Visitors of the Kenan-Flagler Business School at University of North Carolina at Chapel Hill. Education: University of North Carolina at Chapel Hill, B.A., political science

Kirk is chief financial officer at Internet Capital Group. His responsibilities include the oversight of all of ICG's internal financial operations, including accounting, budgeting, internal controls, financial systems and internal and external reporting. Prior to joining ICG in 1999, Kirk was an audit manager in the Philadelphia office of PriceWaterhouseCoopers, LLP, where he was a member of the middle market and growing company practice. Kirk is a CPA and member of the American and Pennsylvania Institute of Certified Public Accountants. Education: Pennsylvania State University, B.S., Accounting, 1989

Darren Sandberg is a Vice President of Operations at Internet Capital Group. Darren is responsible for assisting ICG partner companies with developing strategy, improving operational performance and business development. He is also responsible for identifying new acquisition opportunities on behalf of ICG. Since joining ICG, Darren’s focus has been on internet marketing and services companies, and he currently sits on the Boards of Directors of Channel Intelligence, ClickEquations and WhiteFence. Darren first joined Internet Capital Group in 2000 and rejoined in 2006. Prior to rejoining ICG, Darren was a Vice President at Broder Bros., a $1 billion distribution company backed by Bain Capital, where he was a senior member of the management team responsible for the strategic and operational decisions of the company. Prior to Broder Bros., Darren was a Senior Manager at Arthur Andersen LLP, where he was responsible for M&A due diligence, transaction structuring and auditing and accounting services for middle market technology and services companies. Education: Penn State University, B.S., accounting

Karen is vice president of Investor Relations and Corporate Communications at Internet Capital Group. She has over 15 years of experience in investor relations, marketing communications and business development. Prior to joining ICG in 2001, she was part of the Safeguard investor relations and corporate communications team, working closely with the investment community as well as some of Safeguard's partner companies. Karen started her career in 1990 as a part of the investor relations team at CIGNA, and went on from there to hold a number of financial and marketing communications roles within CIGNA, and then externally as a consultant to several healthcare-related organizations. Karen is a member of NIRI National as well as the Phildelphia chapter of NIRI.

Phil is vice president of treasury and tax at Internet Capital Group. His responsibilities include managing ICG's internal tax planning and compliance, structuring acquisitions and dispositions and managing treasury operations. In addition, Phil is responsible for ICG's human resources functions as well as managing certain of its partner companies. Prior to joining ICG, Phil worked for 15 years with KPMG LLP and Price Waterhouse LLP. Phil is a CPA and member of the American and Pennsylvania Institutes of Certified Public Accountants and Tax Executive Institute. Education: Drexel University, B.S., accounting

Vince is a vice president of operations at Internet Capital Group and has been with the Company since May 2000. Vince primarily focuses on overseeing ICG's investments, providing strategic and financial guidance to ICG's partner companies, and evaluating new acquisition opportunities. Prior to joining ICG, Vince spent nine years with Arthur Andersen LLP and Coopers & Lybrand LLP, most recently as a Senior Manager in the technology practice of Arthur Andersen LLP. In these roles, Vince provided management consulting services including financial analysis, market research, merger and acquisition transaction support, due diligence and business valuation as well as audit and accounting services across a broad range of industries. In addition, he worked with clients on numerous venture capital investments, acquisitions, initial public offerings and company sales. Vince is a CPA and a member of the American and Pennsylvania Institutes of Certified Public Accountants. Education: Lehigh University, M.B.A., finance; Bloomsburg University, B.S., accounting

Tony is a managing director at Internet Capital Group. He works closely with ICG’s private core companies in helping to drive their growth, and is also involved in the company’s acquisition efforts. Additionally, Tony oversees the corporate development and IT functions of ICG. Tony was a co-founder of Brience, Inc., a wireless software company, where he directed the finance, legal and other administrative functions. Previously, he was executive vice president of Sallie Mae, the nation’s leading provider of student loans, where he was responsible for finance and systems. During most of his career Tony was a senior partner at KPMG Peat Marwick with responsibilities for the financial services and technology practices and was a member of the firm’s board of directors. Tony is also the Chairman of the Accounting Advisory Board at the Pennsylvania State University. Education: Penn State, B.S., Accounting

An original member of ICG's advisory board, Doug joined the company full-time in September 1997 as Managing Director, and was appointed President of ICG in January, 2009. Doug has had many roles at ICG including CEO of WiseWire Technologies, which was successfully sold to Lycos; Chairman of Verticalnet through its IPO; CEO of ICG Europe; and CEO of Traffic.com, which was later successfully sold to Navteq. In addition to these roles, Doug's primary focus at ICG has been to sponsor and oversee investments in several partner companies that have included Blackboard (Nasdaq: BBBB), Verticalnet (Nasdaq:VERT), eMerge Interactive (Nasdaq: EMRG), Arbinet-thexchange (Nasdaq: ARBX), WiseWire (acquired by Lycos), LinkShare (acquired by Rakuten), CreditTrade (merged with Creditex Group), Creditex (acquired by Intercontinental Exchange (NYSE: ICE)), StarCite, Traffic.com (acquired by Navteq), and Investor Force. Doug currently serves on the boards of Channel Intelligence, Investor Force, StarCite, ICG Commerce, WhiteFence and Commerce360. Prior to joining ICG, Doug co-founded Reality Online in 1989. Reality Online was an early innovator in the development of award-winning financial planning tools and online services aimed at the individual investor. With the advent of the Internet, Doug transformed the company into a leading provider of Internet solutions to the retail brokerage industry, and then sold the company to Reuters in February 1994. Over the following 3 years, Doug became a key contributor to Reuters' many Internet initiatives and a frequent speaker on the Internet and its impact on the financial services industry. Prior to co-founding Reality Online, Doug was a partner with Strategic Management Group, a corporate training firm and three-time Inc. 500 company. Education:University of Pennsylvania, B.S., Electrical Engineering; Wharton School of Business at the University of Pennsylvania, B.S., Economics

Kamal is a managing director at Internet Capital Group. Prior to joining ICG, Kamal was senior vice president and chief financial officer of Advanta Business Cards, a leading issuer of credit cards to small businesses. Since 1994, Kamal served in various other capacities at Advanta including vice president of corporate development and vice president of investor relations at Advanta Corp. and chief financial officer of Vehicle Information Network, an early stage company that Advanta had invested in. Earlier in his career, Kamal was a senior manager in the financial advisory services group at Coopers & Lybrand, where he provided financial consulting services to a broad range of companies in connection with mergers, acquisitions, financing transactions, and business reorganizations. He also served as an audit manager at Coopers & Lybrand. Kamal brings over 20 years of diverse experience to Internet Capital Group and its partner companies. Education: Washington and Jefferson College, economics, undergraduate

Mike functions as a managing director at Internet Capital Group. Before retiring from IBM in 2004, Mike was vice president of corporate strategy and focused on IBM's On Demand strategy. Previous to this position, he was General Manager of Storage Software for the IBM Storage Systems Group. This position followed his post as Vice President of Emerging Business Development, reporting to the IBM Vice Chairman. Mike was also in the IBM Software Group and led IBM's entry into the knowledge management market and distributed learning market. Prior to that, Mike served as CEO of Lotus Development Corporation, shortly after Lotus was acquired by IBM. During his tenure at IBM, Mike served on the IBM Worldwide Management Council and the IBM Corporate Technology Council. Before joining IBM, Mike was Senior Vice President of the Lotus Communications Products Group. He joined Lotus in 1994 after the Company's acquisition of Soft-Switch, Inc., a software firm that he founded in 1979 and headed until that acquisition. Prior to founding Soft-Switch, he was a member of the faculty at the Sloan School of Management at MIT. He is a trustee of Lehigh University, a member of the Philadelphia Orchestra Board of Directors , a member of the Main Line Health Board of Governors, an overseer of the Penn School of Engineering and Applied Science, and member of the Advisory Board of the College of Engineering at Lehigh. He also serves on the Boards of a number of ICG partner companies. Education: Lehigh University, BS, chemical engineering; University of Pennsylvania, MS, systems engineering and PhD, decision sciences.

Paul has over 20 years of experience with a successful track record as an operating executive and venture capital investor. His background includes senior management roles in the information technology and software industries in addition to his experience in developing, structuring and managing private equity investments. Paul has over nine years of venture capital and private equity experience, during which time he has led investments in eleven early-stage technology companies and led or participated in over 30 merger, acquisition, and investment transactions. Paul joined ICG as its third employee, shortly after it was founded in March 1996. Paul left ICG in 2001 to serve as Senior Managing Director at Republic Financial Corporation in Denver, CO and returned to ICG as managing director of acquisitions in November 2004. Prior to coming to ICG in 1996, Paul was an Associate at Safeguard Scientifics where he assisted in the development of new business opportunities across several technology investment areas. Prior to Safeguard, Paul was with SAP America where he was responsible for overall business development for SAP’s enterprise resource planning software products for SAP America's Southern Region. Paul also served as Product Group Manager with Marcam Corporation and held positions in product development, marketing and sales management with IBM Corporation. Education: Bachelor of Science in Industrial Engineering from Purdue University and his MBA from the University of Chicago.

Suzanne is general counsel, managing director and secretary of Internet Capital Group. Since joining ICG in January 2000, Suzanne has been involved with numerous acquisitions, dispositions and corporate restructurings. She provides legal advice to ICG management and Board of Directors, as well as to partner companies. Additionally she is responsible for legal compliance matters, including compliance with the Sarbanes-Oxley Act. Prior to joining ICG, Suzanne practiced in the business department at Dechert LLP, where she was a member of the mergers and acquisitions and corporate and securities practice groups. While at Georgetown University Law Center, Suzanne was a notes editor for Law and Policy in International Business. Education: Duke University, B.A., cum laude; Georgetown University Law Center J.D., cum laude

Scott joined Internet Capital Group as its Corporate Counsel in May 2006. He provides legal advice to ICG management in connection with mergers, acquisitions, dispositions and other corporate transactions. Scott also focuses on ICG’s and its partner companies’ compliance and other general corporate legal matters, including ICG’s compliance with the requirements of the U.S. Securities and Exchange Commission. Prior to joining ICG, Scott practiced in the business department at Dechert LLP, where he was a member of Dechert’s mergers and acquisitions and corporate and securities practice groups. At the James E. Beasley School of Law at Temple University, Scott was an Associate Research Editor of the Temple Law Review. Education: Fordham University, B.S., summa cum laude, economics; James E. Beasley School of Law at Temple University, J.D., cum laude

Mr. Ringo has been Chairman and CEO of RubberNetwork.com LLC, a tire and rubber industry strategic sourcing consortium, since June 2001. From January to May 2001, Mr. Ringo was a consultant to ChemConnect, Inc., an operator of an electronic marketplace for buyers and sellers of chemicals, feedstocks and plastics, where he had been President and Chief Operating Officer since March 1999. He was President and CEO of Chemical Leaman Tank Lines Inc., a trucking firm, from 1995 to 1998. Mr. Ringo also serves on the Boards of Directors of Internet Capital Group and Trimac Equipment Leasing, Inc.