David Gove Joins Needham & Co.

David Gove has joined Needham & Co. as a Menlo Park, Calif.-based managing director in the firm’s Internet and digital media investment banking group. He previously was a managing director with Bank of America.


Needham & Company, LLC, a privately held, full-service investment bank, announced today that David Grove has joined the firm as a Managing Director in its Internet & Digital Media Investment Banking Group. He will be based in the Menlo Park, California office of Needham & Company.

Prior to joining Needham, Mr. Grove was a managing director at Bank of America, where he focused on a
diverse client base, including digital media clients. His experience includes a wide variety of equity, debt
and private placement financings and advisory assignments for a diverse set of companies, including
digital media, clean technology, and semiconductors. He began his investment banking career at Cowen
& Co., where he helped found its digital media investment banking effort. Earlier in his professional
career, Mr. Grove served as a corporate attorney at Andrews & Kurth, LLP in Houston, Texas, advising
clients in complex transactions.

“We are pleased to welcome David to Needham,” said John Prior, President and CEO of Needham &
Company, LLC. “His hiring continues to show our commitment to our clients and to maintain the Firm’s
momentum in growing our business in a challenging environment. Adding a seasoned professional of
David’s caliber will further strengthen our West Coast banking effort and Needham’s overall consumer

Mr. Grove holds a JD from New York University School of Law and a BS, magna cum laude, from
Oregon State University.

About Needham & Company, LLC
Needham & Company, LLC, a wholly owned subsidiary of The Needham Group, Inc., is a privately held,
full-service investment bank with the mission of helping emerging growth companies achieve their
potential. The firm is headquartered in New York City with offices in Boston, Menlo Park and San
Francisco. In addition to investment banking, Needham’s principal activities include institutional sales
and trading and asset management. To serve its institutional clients, Needham & Company, LLC
produces comprehensive equity research on more than 350 companies in clean technology,
communications, consumer, enterprise infrastructure, healthcare, industrial and diversified growth,
semiconductors and semiconductor equipment, and software. Needham & Company, LLC is a member of
FINRA/SIPC. For more information, please see www.needhamco.com.