Technology Crossover Ventures Promotes Two to VP

Technology Crossover Ventures has promoted Nari Ansari and Kapil Venkatachalam from senior associates to vice presidents. Ansari and Venkatachalam both joined Technology Crossover 2006. Ansari focuses on software, Internet and services investments. Venkatachalam focuses on the enterprise software, infrastructure and services markets. Technology Crossover is based in Palo Alto, Calif.

PRESS RELEASE
Technology Crossover Ventures (TCV), a leading growth equity investor focused on investing in premier technology companies, announced today the promotions of Nari Ansari and Kapil Venkatachalam from senior associates to vice presidents. Mr. Ansari and Mr. Venkatachalam, who both joined TCV in 2006, are based in the firm’s Palo Alto headquarters.

“Kapil and Nari are highly valued members of the team, who have been strategic in contributing to the success of our portfolio companies,” said Tim McAdam, TCV general partner. “We are excited to see them expand their roles. As vice presidents they will be integral in growing our portfolio companies and cultivating new investments.”

About Nari Ansari

Mr. Ansari focuses on investments in the software, Internet and services sectors. His current investments include Embanet-Compass Knowledge Group; Kgb; Global360, Inc.; and TestMart, Inc. Prior to TCV, Mr. Ansari spent several years as a business analyst in the San Francisco office of McKinsey & Company. While at McKinsey, he focused on strategy, operations, and private equity engagements in the semiconductor, storage and software sectors.

About Kapil Venkatachalam

Mr. Venkatachalam primarily focuses on the enterprise software, infrastructure, and services markets. His current investments include ExactTarget; Global360, Inc.; SolArc, Inc.; Seismic Micro-Technology, Inc.; and Webroot Software, Inc. Prior to TCV, Mr. Venkatachalam was an investment banker at Goldman Sachs & Co. in New York where he worked with companies in the Internet, software, IT services, enterprise hardware, and communications sectors on a variety of strategic advisory assignments, financing and M&A transactions.

About TCV

Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of growth capital to technology companies, providing funds to later-stage private and public companies. With $7.7 billion in capital under management, TCV has made growth equity, PIPE and recapitalization investments in over 170 companies leading to 47 initial public offerings and more than 30 strategic sales or mergers. Representative investments include Altiris, C|NET, eHarmony, Expedia, Fandango, HomeAway, Liquidnet Netflix, Orbitz, RealNetworks, Redback Networks, RiskMetrics Group, Solect Technology, TechTarget, TradingScreen, Travelport, Webroot and Zillow. TCV has 12 partners and is headquartered in Palo Alto, California. For more information about TCV, visit www.tcv.com.