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Regan named CFO of Spectrum Equity

Brian Regan has joined Spectrum Equity as a Managing Director and Chief Financial Officer. Most recently, Regan served as CFO at Shutterfly Inc.

PRESS RELEASE

Boston, MA and San Francisco, CA – October 27, 2015 – Spectrum Equity, a leading growth equity firm,
today announced that Brian Regan has joined the firm as Managing Director and Chief Financial Officer.

Mr. Regan’s primary responsibilities will include overseeing the firm’s financial operations, including
accounting, financial and tax reporting, treasury, portfolio valuation and analytics and financial planning.
In addition, Mr. Regan will help Spectrum’s portfolio companies scale and drive operational excellence
through his active involvement in investment due diligence, strategic planning, financial controls,
commercial growth efforts, operational efficiency improvements and CFO mentoring.

“We have known Brian for many years and are thrilled to add an executive of his caliber to our
leadership team,” said Vic Parker, Managing Director of Spectrum. “We are committed to partnering
with the management teams of our portfolio companies to provide strategic support as well as capital.
Brian’s operating experience at leading Internet, software, and information services companies dovetails
perfectly with our areas of investment focus, and his financial acumen will be an asset across our firm
and portfolio companies.”

“I am excited to join Spectrum and to work collaboratively with the Spectrum team, as well as its
portfolio companies and limited partners,” said Brian Regan. “Spectrum has a long track record of
successful industry-focused investing, and I look forward to providing insight and supporting the
fundamental financial, operational, and commercial growth of the firm and its investments.”

Mr. Regan has more than two decades of finance experience and has served in senior financial
leadership roles at several prominent companies. Most recently, Mr. Regan served as Chief Financial
Officer at Shutterfly, Inc. (NASDAQ: SFLY), where he was responsible for managing all aspects of financial
activities, including strategic planning, financial planning and analysis, investor relations, customer
insights and analysis, mergers and acquisitions, accounting, tax, treasury and legal.

Prior to joining Shutterfly in 2012, Mr. Regan served as CFO at Nextag, as well as EVP and CFO of
Ticketmaster Entertainment. Earlier in his career, he held finance leadership positions at LendingTree
and later Expedia, Inc., where he last served as SVP Finance overseeing Expedia.com, Hotels.com,
Hotwire, and TripAdvisor. Mr. Regan began his career as a CPA at Price Waterhouse, providing audit and
consulting services to various clients in the financial services and capital markets industries.

About Spectrum Equity

Founded in 1994 with offices in Boston and San Francisco, Spectrum Equity is a leading growth equity
firm providing capital and strategic support to innovative Internet, software and information services
companies. Representative investments include Ancestry.com, BATS, GrubHub, lynda.com, Passport
Health, SurveyMonkey, Teachers Pay Teachers, Verafin and WeddingWire. For more information,
including a complete list of investments, visit www.spectrumequity.com.