InfoSpace Names Braden Kelly as New Member of Its Board
22 September 2009 - 6:15AM
Business Wire
InfoSpace, Inc. (NASDAQ:INSP) today announced the appointment of
Braden Kelly to the Company’s Board of Directors.
“Braden is another great addition to our board. His experience
aligns perfectly with our strategy to grow InfoSpace both
organically and through acquisitions,” said Will Lansing, president
and chief executive officer of InfoSpace.
Kelly, an independent investor and strategic advisor to
companies in the technology and healthcare industries, brings more
than 17 years of investment strategy and finance experience across
multiple industry sectors. From 1995 to 2006, Kelly was with
General Atlantic LLC, a global $13 billion private equity
investment firm focused on growth investing, where he served as a
partner and managing director. During his tenure, Kelly founded the
firm’s Silicon Valley office, served on its investment committee,
and was responsible for managing more than $1 billion in
investments in the US, Europe and India. Prior to joining General
Atlantic, Kelly worked in the investment banking division at Morgan
Stanley & Co. as a member of the mergers, acquisitions, and
restructuring department.
“This is an exciting time to join the InfoSpace board as the
company is executing its strategy to grow its search business and
solidifying its acquisition strategy," Kelly said. “I look forward
to working with the board to help bring the company into its next
phase.”
Mr. Kelly is currently a senior advisor to Health Evolution
Partners, a San Francisco-based private equity firm. Additionally,
he serves on the board of edo Interactive, Inc., a developer in
digital payment and marketing platforms.
Kelly will join eight other members on InfoSpace’s board: James
F. Voelker, InfoSpace chairman; William J. Lansing, InfoSpace
president and chief executive officer; John E. Cunningham, IV,
partner of Clear View Partners, L.P.; Jules Haimovitz, president of
Haimovitz Consulting; Richard D. Hearney, management consultant;
William J. Ruckelshaus, chief financial officer of AudienceScience;
Lewis M. Taffer, operating advisor of Pegasus Capital Advisors; and
Elizabeth Huebner, former chief financial officer of Getty
Images.
About InfoSpace, Inc.
InfoSpace, Inc., a leading developer of metasearch products, is
focused on bringing the best of the Web to Internet users.
InfoSpace's proprietary metasearch technology combines the top
results from several of the largest online search engines,
providing fast and comprehensive search results on InfoSpace sites
including InfoSpace (www.infospace.com), Dogpile (www.dogpile.com),
MetaCrawler (www.metacrawler.com), WebCrawler (www.webcrawler.com),
and WebFetch (www.webfetch.com). InfoSpace's metasearch technology
is also available on over 100 partner sites, including content,
community and connectivity sites. More information may be found at
www.infospaceinc.com.
InfoSpace, Dogpile, MetaCrawler, WebCrawler and WebFetch and
other marks are trademarks of InfoSpace, Inc. The names of other
companies and products mentioned herein may be the trademarks of
their respective owners.
This release contains forward-looking statements that are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those projected. Forward-looking
statements include, without limitation, statements regarding future
growth and profitability. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties
and assumptions that are difficult to predict. Factors that could
affect InfoSpace's actual results include: industry and market
sector conditions; the progress and costs of the development of our
products and services; the timing and extent of market acceptance
of those products and services; our dependence on companies to
distribute our products and services; the ability to successfully
integrate acquired businesses; the successful execution of the
Company’s strategic initiatives, operating plans, and marketing
strategies; and the condition of our cash investments. A more
detailed description of certain factors that could affect actual
results include, but are not limited to, those discussed in
InfoSpace's most recent Annual Report on Form 10-K and our
subsequent Quarterly Reports on Form 10-Q, in the section entitled
"Risk Factors" and elsewhere in such documents. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release.
InfoSpace undertakes no obligation to update publicly any
forward-looking statements to reflect new information, events or
circumstances after the date of this release or to reflect the
occurrence of unanticipated events.
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