BBJ Recognizes Gary Arena as CFO of the Year Honoree

Communispace CFO Selected as Recipient of First-Annual CFO Award
BOSTON--(Business Wire)--
Communispace, creator of online customer communities for the world`s leading
brands, today announced that the Boston Business Journal has recognized CFO Gary
Arena as an honoree for the 2009 CFO of the Year Award in the Midsized Private
Companies category. This prestigious award recognizes Boston-area CFOs who
demonstrate extraordinary leadership, financial performance and personal
commitment to their businesses and their communities.

"It`s an honor to receive this award, and I`m pleased to accept on behalf of all
our employees because I believe our success stems from their collaborative
efforts," said Gary Arena, CFO of Communispace. "Despite the uncertainty in the
marketplace over the past year, Communispace has continued its record growth
and, more important, continued to delight its clients around the world."

"Gary is an invaluable part of the Communispace team, and we`re pleased that the
BBJ is recognizing him for his dedication to our company and the business
community as a whole," said Diane Hessan, CEO of Communispace. "Through his
outstanding leadership and financial expertise, we`ve been able to grow our
business with confidence."

At the end of 2008, Communispace grew its revenues by 30 percent, its ninth
consecutive year of double-digit growth. In addition to solid revenue growth in
2008, nearly 90 percent of Communispace`s existing clients renewed their
communities and several expanded the number of communities they operate.

The Boston Business Journal named sixteen award honorees for its first-ever CFO
of the Year program. The BBJ selected honorees in six award categories: publicly
traded companies, large private companies (over $50 million in revenue),
midsized private companies ($20 million to $50 million in revenue), small
private companies (under $20 million in revenue), nonprofits and lifetime
achievement. The BBJ picked the award honorees using a six-person panel of
judges comprised of BBJ editorial staff members and local business leaders in
the financial-services sector. This year's honorees will be formally recognized
at an award event, held at the Boston Park Plaza Hotel on July 16th.

About Communispace

Communispace Corporation is the leader in helping major brands generate customer
insights via online communities. Founded in 1999, the company has created nearly
350 customer communities for industry leaders such as Kraft, Hewlett-Packard,
Charles Schwab, Hallmark, Unilever, GlaxoSmithKline and Hilton Hotels.
Headquartered in Watertown, Massachusetts, the company has offices in New York,
San Francisco, London, Chicago, Austin, Atlanta, Sydney and San Remo, Italy.

Greenough Communications
Sue Ferranti, 617-275-6520
sferranti@greenoughcom.com

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