TCV Promotes Rosenberg To Partner

Technology Crossover Ventures has promoted John Rosenberg from principal to general partner. He joined the firm in 2000, and currently sits on the boards of portfolio companies FX Alliance and ThinkCash.

PRESS RELEASE

Technology Crossover Ventures (TCV), a leading growth equity investor focused on investing in premier technology companies, announced today that John Rosenberg has been promoted from principal to general partner. Mr. Rosenberg, who joined TCV in 2000, brings more than ten years of experience in private equity, entrepreneurship, and investment banking. He will continue to focus on investments in the financial services, software and business services sectors. Mr. Rosenberg is based in the firm’s Palo Alto headquarters.

“John has been an invaluable member of the team, contributing to the growth and success of our portfolio companies,” said Jay Hoag, TCV founding general partner. “We are excited to see John expand his role as a TCV general partner. His deep expertise, particularly in the financial services sector, will be strategic in developing our portfolio and attracting new investments.”

Mr. Rosenberg currently serves on the boards of FX Alliance and ThinkCash. His other current investments include Interactive Brokers Group, Inc. (IBKR); kgb; Liquidnet Holdings, Inc.; and Travelport, Ltd. Mr. Rosenberg also has contributed to the success of Automated Trading Desk, LLC (Acquired by Citigroup); Capella Education Company (NASDAQ: CPLA); Penson Worldwide, Inc. (NASDAQ: PNSN); and Thinkorswim Group, Inc. (Acquired by Investools, Inc.).

“I am honored to become a TCV partner. It has been an extremely rewarding experience to work with a world-class team and some of the industry’s most innovative technology companies,” said Mr. Rosenberg. “I look forward to many more years working together to execute on TCV’s growth equity strategy and helping support our financial services and business services investments.”

Prior to joining TCV, John was a business development manager at WeddingChannel.com where he focused on strategic development and financial reporting activities. Previously, John was an analyst in the technology investment banking group at Robertson Stephens & Company. John received a B.A. in economics from Princeton University.

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 and recapitalization investments in over 170 companies leading to 45 initial public offerings and more than 30 strategic sales or mergers. Representative investments include Altiris, eHarmony, Expedia, Fandango, Liquidnet, Netflix, RealNetworks, Redback Networks, Solect Technology, TechTarget, Travelport, Webroot, and Zillow. TCV has 11 partners and is headquartered in Palo Alto, California. For more information about TCV, visit www.tcv.com.