April 15, 2008

FTVentures Raises $512 Million Growth Capital Fund

Largest fund to date reflects appeal of firm's differentiated model featuring Global Partner Network

SAN FRANCISCO, CA and NEW YORK, NY – April 15, 2008 – FTVentures today announced the closing of its third and largest fund to date, FTV III, at $512 million. FTVentures will continue its strategy of investing in software and business services companies that derive value from the firm’s unmatched Global Partner Network, which includes the world’s leading financial institutions. Founded in 1998, FTVentures has over $1 billion in committed capital and has offices in San Francisco and New York.

“We greatly appreciate the continued support of our core strategic limited partners,” said Richard Garman, FTVentures Managing Partner. “We are also delighted to have new, highly respected institutions acknowledge our track record and unique model by joining our institutional limited partner group. The addition of traditional investors and new strategic investors to our existing investor network will allow us to continue to deploy our proven model with more diversified sources of capital.”

Consistent with the investment strategy of its previous funds, FTV III will typically invest $10 million to $60 million in software and services companies seeking to finance organic expansion, recapitalizations, build-ups, and buyouts. The firm’s portfolio companies target the financial services industry as a key customer vertical and leverage FTVentures extensive Global Partner Network in developing commercial relationships.

New limited partners from the financial services industry include Liberty Mutual, Skandia Insurance, Nordea, PartnerRe, Capital One, Fannie Mae and Barclays Global Investors. New traditional limited partners include New York City Retirement Systems, RHM Group, New York State Common Retirement Fund and Kamehameha Schools.

FTVentures is known for the strength of its financial services industry network which includes the following limited partner institutions from the financial industry: AIG, AXA, Bank of America, Barclays Global Investors, BNP Paribas, Capital One, Charles Schwab, CIBC, Citigroup, Comerica, Credit Suisse, DBS, Deutsche Bank, Fannie Mae, Fidelity National Financial, Fifth Third Bank, First Republic Bank, Freddie Mac, GE Capital, Goldman Sachs Asset Management, The Hartford, HSBC, ING, JPMorgan Chase, KeyCorp, Lehman Brothers, Liberty Mutual, Lloyds TSB, Morningstar, National City, Nomura, Nordea, PartnerRe, People’s United Bank, PNC Bank, RBC Royal Bank, Sallie Mae, SEB, Skandia Insurance, Standard Chartered, Travelers, SunTrust, SVB Financial Group, USBancorp, Visa, Wachovia, Washington Mutual, Wells Fargo and Zions Bancorporation.

FTVentures previous successes include Actimize (acquired by NICE Systems), Corillian (IPO/acquired by Checkfree), ExlService (NASDAQ: EXLS), KVS (acquired by VERITAS), PowerShares Capital Management (acquired by AMVESCAP), and Verus (acquired by The Sage Group).

Current FTVentures portfolio companies include Aveksa, Cloudmark, Coremetrics, Covario, Financial Engines, GigaSpaces, GMI, Managed Objects, Rezolve Group, Capital H Group, CMS Holdings Group, Daylight Forensic & Advisory, ETF Securities, Freeborders, Intrepid Learning Solutions, Mavent, MedSynergies, Presidio Reinsurance Group, and ProfitLine.

The FTVentures partners are: Brad Bernstein, Eric Byunn, Ben Cukier, Richard Garman, Jim Hale, David Haynes, Bob Huret, Derek Lemke-von Ammon and Chris Winship.

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Contacts

Karen Derr Gilbert

(415) 229-3000

kgilbert@ftventures.com