401k Ratings Firm BrightScope Secures $2 Million in Series B Funding

Investment Round Led by Jim Caccavo to Bring Greater Transparency to the 401k
Industry

SAN DIEGO, Sept. 2 /PRNewswire/ -- BrightScope (www.brightscope.com), a 401k
ratings and analytics firm, today announced that the company has raised $2
million in Series B funding, led by an angel investment from Jim Caccavo of
Steelpoint Capital Partners. He is joined in the investment by a group of
experienced operating executives as well as principals of several hedge funds
and private equity firms. BrightScope will use the capital to build out its
unparalleled database of 401k plan data and analytics, and further develop its
robust suite of products and services. The company and its offerings enhance
transparency of 401k plan performance and fees for plan sponsors, advisors and
participants.

"The 401k plan is crucial because it has quickly become the primary retirement
savings vehicle for America's workforce. Even though 401k plans have risen in
prominence, most people don't entirely understand them," said Jim Caccavo,
Founder and Managing General Partner of Steelpoint Capital Partners. "Industry
adoption of the BrightScope Rating will ultimately lead to more cost-effective
plans, increased participation rates, higher employee satisfaction, and better
outcomes for millions of employees who depend on their 401k plan for
retirement security."

Jim Caccavo will join BrightScope's Board of Directors. The former CEO of
Tickets.com, Caccavo has been an early stage and growth equity investor for
more than 10 years and spent the first 15 years of his career as an operating
executive. Caccavo has been an investor in both internet technology companies
and consumer facing brands and brings a deep operating and financial
background to the Brightscope Board. Former Micromuse and WysDM executive Tim
Tokarsky also joins the Brightscope Board of Directors in the transaction.

According to a recent study conducted by Hewitt Associates, approximately 30%
of workers are not participating in 401k plans offered by their employers. Of
those who do participate, 22% did not contribute enough to receive the full
company match. Even worse, the AARP says more than 80% of 401k participants do
not know how much they are paying in fees. This funding will help BrightScope
develop new products to combat these findings by bringing efficiency and
transparency to the 401k marketplace.

"We are thrilled to close this round of financing in what is clearly an
extremely difficult economic environment," said Mike Alfred, CEO and
co-founder of BrightScope. "The fact that we've raised this funding from such
high caliber investors speaks volumes about BrightScope's commanding position
in the burgeoning market for retirement plan information and analytics."

BrightScope has rated 7,000 401k plans, spanning 22 million workers and $1.5
trillion in assets, and has plans to rate more than 30,000 plans by the end of
the year. The BrightScope Rating can be found at its public disclosure Web
site: http://BrightScope.com, where consumers can find scores for small plans
with assets of $50,000 to large plans with more than $30 billion.

About BrightScope
BrightScope is committed to helping America's workforce retire in dignity.
BrightScope is an independent data analytics firm that quantitatively rates
401k plans and gives employers, employees, and brokers tools to enhance plan
performance and maximize retirement outlook. The BrightScope Rating (TM)
developed in partnership with leading independent 401k fiduciaries, reviews
more than 200 unique data inputs per plan and calculates a single numerical
score which defines 401k plan quality at the company level. BrightScope
published ratings, rating definitions, criteria and methodologies are
available on the agency's public site, www.brightscope.com.

SOURCE BrightScope

Korina Buhler of Atomic PR, +1-415-402-0230, korina@atomicpr.com, for
BrightScope