ICG Company Channel Intelligence to be Acquired by Google

Wed Feb 6, 2013 8:25am EST

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


RADNOR, Pa., Feb. 6, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE) ("ICG") is pleased to
announce that one of its consolidated companies, Channel Intelligence, Inc. ("CI"), has entered
into a definitive agreement to be acquired by Google Inc. (Nasdaq:GOOG) for $125 million in cash.
The transaction, which is subject to customary closing conditions, is expected to be completed in
the first quarter of 2013. 

ICG is expected to realize approximately $60.5 million in connection with the transaction.  A
portion of ICG's proceeds will be held in escrow and will be subject to potential identification
claims. ICG does not expect to owe any income taxes in connection with the transaction. 

"Building upon the perseverance and strong foundation laid by CI's founder Rob Wight, I am
extremely proud of the work we accomplished at CI," said Doug Alexander, CEO of CI and President
of ICG.  "With the talent and hard work of the entire CI team, we successfully navigated a very
complex marketplace, ending a record year that culminated in this very exciting acquisition."

"The sale of CI to Google is a testament to the quality of its technology and its strong team led
by ICG President, Doug Alexander, who positioned the company to succeed in the rapidly growing
e-marketing industry," said Walter Buckley, CEO of ICG.  "As drivers and architects of CI's growth
and success, we are very pleased with this outcome." 

"I am thrilled to see the recognition of value for what this company has accomplished," said Rob
Wight, Founder and Chairman of CI.  "Our vision for CI started with the desire to simplify the
online shopping experience.   Under the leadership of Doug and ICG, CI greatly enhanced its value
proposition to its customers and partners.  I am very proud to see our vision executed to this
great outcome."

About ICG

ICG (Nasdaq:ICGE) identifies, capitalizes and grows companies in the cloud-based software and
services sectors. These companies transform the way business is done by enabling enterprises to
increase efficiencies and improve and automate critical processes. ICG leverages its unique
expertise to carefully identify companies based on their potential to become market-changers and
market-leaders. ICG is focused on building profitable businesses in the cloud-based software and
services sectors by infusing them with management expertise, strategic and operational guidance,
as well as growth capital.

The ICG logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7794

About Channel Intelligence

Channel Intelligence helps marketers outperform online with its CI Boost services: Facebook
Platform, Where-to-Buy, Product Search Engines and Shopping Engine solutions. Relied upon by
companies such as Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark, CI tracks
nearly 15 percent of US transactions online and drives $2 billion in sales annually in referred
sales online in computing products, home improvement products, appliances, consumer electronics,
toys and a variety of other consumer packaged goods. CI is owned by ICG and Aweida Capital
Management. Learn more at www.channelintelligence.com

Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts are forward-looking
statements that involve certain risks and uncertainties, including but not limited to risks
associated with the uncertainty of future performance of our companies, acquisitions or
dispositions of interests in companies, the effect of economic conditions generally, capital
spending by customers, development of the e-commerce and information technology markets and
uncertainties detailed in our filings with the Securities and Exchange Commission. These and other
factors may cause actual results to differ materially from those projected.

CONTACT: Investor inquiries:
         Karen Greene
         Investor Relations

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