March 13, 2008

FTVentures Names Eric Byunn Head of Software

SAN FRANCISCO, CA – March 13, 2008 – FTVentures today announced that Partner Eric Byunn has been promoted to Head of Software. FTVentures is a growth capital investment firm focused on companies providing meaningful solutions to the financial services industry.

“Eric is an exceptional leader, a significant contributor and an integral part of our investment team,” said Richard Garman, FTVentures Managing Partner. “Eric has built a solid reputation in software and online services, developing an impressive track record. The combination of Eric’s leadership and his investment, operating and technical skills will help us continue to successfully partner with exciting portfolio companies and maximize their growth opportunities.”

Byunn currently serves as a director on the boards of a number of FTVentures portfolio companies including: Coremetrics, a provider of web analytics and precision marketing solutions; SourceCode Technology Holdings, a business process management software company; Covario, an interactive marketing analytics firm; ProfitLine, an outsourced telecom expense management firm; and GMI, an online global market research firm. Byunn was actively involved in FTVentures’ successful investment in KVS, an email archiving software firm acquired by Veritas (NASDAQ: VRTS) in August 2004.

Prior to joining FTVentures in 2002, Byunn was Director of Online Services at myCFO, a start-up wealth management firm. He joined myCFO from America Online, where he held several roles including management of Netscape’s Personal Finance Channel. Prior to the acquisition of Netscape by AOL, Eric led product management for the Netscape Navigator browser. He has also worked at Microsoft and at McKinsey & Company, where he primarily worked with telecommunications clients. Eric received an AB summa cum laude from Harvard University, where he focused on economics and computer science, and an MBA from Stanford University.

About FTVentures

FTVentures provides growth capital to companies seeking to finance organic expansion, acquisitions, recapitalizations and buyouts. The firm invests in software and business services companies that derive value from its unmatched Global Partner Network, which includes 50 of the world’s leading financial institutions. FTVenture’ Global Partner Network provides the firm with a unique vantage point into the business driven IT and operating challenges of the global enterprise. Founded in 1998, FTVentures currently has over $1 billion under management with offices in San Francisco and New York. For more information, please visit www.ftventures.com.

 

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Contacts

Karen Derr Gilbert

(415) 229-3000

kgilbert@ftventures.com