Ben Cukier Named Partner at FTVentures Wednesday, September 21, 2005

San Francisco, CA - Ben Cukier has been promoted to Partner at FTVentures, a private equity firm that provides capital to growth companies that derive value from the firm's financial services Global Partner Network. Cukier, who has been with FTVentures since April of 1999, is relocating from San Francisco to the firm's office in New York City. He will continue to focus on business services investments.

"Ben has been a key contributor to our deal team since the day he joined FTVentures. He helped build this firm and has been a major force in expanding our business services investment practice," said Richard Garman, FTVentures Managing Partner. "Ben has a strong deal sense, clearly identifying investment theses and opportunities and then consistently demonstrating sound investment judgment in executing transactions."

Cukier currently serves on the board of FTVentures portfolio companies Cloudmark, a provider of email spam and fraud solutions; Mavent, a mortgage loan compliance services company; Nexxar Group, a cross border payments company; and PowerShares, a provider of exchange traded funds. Other notable investments include 724 Solutions (NASDAQ: SVNX), Corillian (NASDAQ: CORI), eProfile (acquired by Sanchez Computer Associates-NASDAQ: SCAI), and Synchrologic (acquired by Intellisync; NASDAQ: SYNC).

Cukier joins FTVentures partners Bob Barrett, Brad Bernstein, Richard Garman, James Hale, Bob Huret, David Haynes, Derek Lemke von-Ammon, and Mark Lotke.

Prior to joining FTVentures in 1999, Cukier was with the Telecommunications and Media Team at Madison Dearborn Partners in Chicago. He consulted to clients in the telecommunications, Internet, and healthcare industries while at McKinsey & Co. in New York, where he worked before joining Madison Dearborn Partners.

Cukier received a BS and BA summa cum laude from the University of Pennsylvania and an MBA from the Stanford University Graduate School of Business.

About FTVentures
FTVentures provides capital to growth companies 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 38 of the world's leading financial institutions. FTVentures' 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 $623 million under management with offices in San Francisco and New York. For more information, please visit www.ftventures.com.

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