Internet Capital Group`s Doug Alexander Named President

Mon Jan 26, 2009 9:00am EST

* Reuters is not responsible for the content in this press release.

WAYNE, Pa.--(Business Wire)--
Internet Capital Group, Inc. (Nasdaq:ICGE) today announced the promotion of
Managing Director, Doug Alexander to President. This new position reflects his
increasingly prominent role at ICG and extremely active work in building and
developing ICG`s key partner companies. Alexander will continue his work guiding
ICG`s existing companies and analyzing potential new acquisition opportunities,
and will increase his responsibilities in leading ICG strategy and communicating
that strategy with ICG stockholders and other constituents. Walter Buckley will
remain ICG`s Chairman and CEO. 

"Doug`s contributions have been instrumental to the direction of ICG and
critical to the success of many of our partner companies over the past decade,"
said Buckley. "His work with our partner companies as well as the many potential
acquisition opportunities he reviews provides a unique view of the rapidly
changing marketplace - an invaluable asset to ICG and its stakeholders." 

An original member of ICG's advisory board, Alexander joined the company
full-time in September 1997 as Managing Director. Alexander has had many roles
at ICG including CEO of WiseWire Technologies, which was successfully sold to
Lycos; Chairman of Verticalnet through its IPO; CEO of ICG Europe; and CEO of, which was later successfully sold to Navteq. In addition to these
roles, Alexander`s primary focus at ICG has been to sponsor and oversee
investments in several partner companies that have included Blackboard
(Nasdaq:BBBB), Verticalnet (Nasdaq:VERT), eMerge Interactive (Nasdaq:EMRG),
Arbinet-thexchange (Nasdaq:ARBX), WiseWire (acquired by Lycos), LinkShare
(acquired by Rakuten), CreditTrade (merged with Creditex Group), Creditex
(acquired by Intercontinental Exchange (NYSE:ICE), StarCite,
(acquired by Navteq), and Investor Force. Alexander currently serves on the
boards of Channel Intelligence, Investor Force, StarCite, ICG Commerce,
WhiteFence and ClickCommerce. 

Prior to joining ICG, Alexander co-founded Reality Online in 1989. Reality
Online was an early innovator in the development of award-winning financial
planning tools and online services aimed at the individual investor. With the
advent of the Internet, Alexander transformed the company into a leading
provider of Internet solutions to the retail brokerage industry, and then sold
the company to Reuters in February 1994. Over the following 3 years, he became a
key contributor to Reuters' many Internet initiatives and a frequent speaker on
the Internet and its impact on the financial services industry. Prior to
co-founding Reality Online, Alexander was a partner with Strategic Management
Group, a corporate training firm and three-time Inc. 500 company. Alexander
graduated from the University of Pennsylvania with a B.S. in Electrical
Engineering, and the Wharton School of Business at the University of
Pennsylvania with a B.S. in Economics. 

About Internet Capital Group

Internet Capital Group ( acquires and builds Internet
software companies that drive business productivity and reduce transaction costs
between firms. Founded in 1996, ICG devotes its expertise and capital to
maximizing the success of these platform companies that are delivering on-demand
software and service applications to customers worldwide. 

Internet Capital Group
Investor inquiries:
Karen Greene, 610-727-6900

Copyright Business Wire 2009

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