Emergence Capital Names Richard Yanowitch as Venture Partner

Leading SaaS Venture Firm Adds Leading Silicon Valley Entrepreneur
and Investor to its Team
SAN MATEO, Calif.--(Business Wire)--
Emergence Capital Partners, the leading venture capital firm
focused on early and growth-stage technology-enabled services
companies, today announced that Richard Yanowitch, has joined the firm
as a venture partner. Yanowitch, a successful Silicon Valley executive
and SaaS pioneer, has a proven track record of helping to transform
early stage technology companies into high-growth market leaders,
creating multiple billions of dollars in shareholder value.

"Richard's extensive experience building technology leaders,
coupled with his dedication to helping entrepreneurs succeed, makes
him a great match for Emergence," said Gordon Ritter, general partner
at Emergence Capital. "We are thrilled to welcome him to the team and
look forward to working together to help build market leading,
successful businesses."

As founder and chairman of The Entrepreneurs Group, Richard serves
as an independent director on the boards of numerous digital and
social media companies, including video ad network Yume, mobile social
network Mig 33, enterprise social media provider Lithium, and social
gaming platform Raptr.Technologies.

"As a board member and a mentor, Richard has been instrumental in
helping us transition Lithium from a small, bootstrapped business into
a high-growth, scalable market leader," said Lyle Fong, CEO of
Lithium.

Yanowitch recently served as venture partner for Accel Partners,
vice chairman of the NDS Group, a $700 million market leader in
digital media technologies, and as senior consultant to News
Corporation, where he reported to chairman and CEO Rupert Murdoch.
Prior to that, Yanowitch held top executive roles at internet services
provider VeriSign and database provider Sybase, helping them grow
rapidly from early-stage ventures to thriving, publicly-held market
leaders.

"Emergence Capital's depth of knowledge and focus on
technology-enabled services has helped many companies flourish and
they continue to lead the way in investments in this high growth
market," said Richard Yanowitch. "I look forward to working alongside
the team, leveraging my experience to support entrepreneurs and build
impactful companies."

Emergence has defined a new category of venture capital investing
called Technology-Enabled Services (TES), which includes
Software-as-a-Service (SaaS), business services, consumer Internet
services and information services. Emergence partners were early
investors in Salesforce.com (NYSE: CRM), as well as other
market-leading TES companies such as SuccessFactors (NASDAQ: SFSF),
HireRight (IPO, merged with USIS), aQuantive (IPO, acquired by
Microsoft), DoubleClick (IPO, acquired by Google), Ask Jeeves (IPO,
acquired by IAC) and WebTV (acquired by Microsoft). Through its close
association with Salesforce.com and other SaaS leaders, Emergence
Capital Partners is working to accelerate the movement of all software
to the on-demand model and is championing a new approach to venture
capital investing.

About Emergence Capital Partners

Emergence Capital Partners, based in San Mateo, Calif., is the
leading venture capital firm focused on early and growth-stage
Technology-Enabled Services companies. Its mission is to help build
market leaders in partnership with great entrepreneurs. Emergence
partners have funded and helped build more than 40 TES companies, more
than any other early-stage venture firm. Emergence Capital has assets
of over $325 million under management. For more information, visit
www.emcap.com.

Horn Group, Inc. for Emergence Capital
Kelly Krebs, 415-905-4059
kkrebs@horngroup.com

Copyright Business Wire 2008