Internet Capital Group Announces Channel Intelligence`s Acquisition of Vcommerce

WAYNE, Pa.--(Business Wire)--
Internet Capital Group, Inc. (Nasdaq:ICGE) today announced that its partner
company, Channel Intelligence ("CI"), a provider of enterprise e-commerce
solutions for manufacturers and online retailers, acquired the key assets of ICG
partner company Vcommerce, a provider of Web-based e-commerce solutions. The
purchase was funded through an equity financing at CI that was led by ICG. As a
result of this financing, ICG increased its ownership in CI from 46% to
approximately 50%.

This acquisition adds Vcommerce`s storefront and fulfillment services to Channel
Intelligence`s performance-based marketing solutions for manufacturers,
publishers and retailers. The combined company will provide Commerce Platform as
a Service ("PaaS") solutions that annually refer over $2 billion in sales to
leading manufacturers and retailers such as Best Buy, HP Home and Home Office,
Panasonic, Neiman Marcus, Philips, Target, Garmin, OfficeMax, Samsung, Charming
Shoppes, Black & Decker and hundreds more.

"The Vcommerce platform provides unique capabilities that Channel Intelligence
can leverage with its existing customer base," said Doug Alexander, President of
Internet Capital Group. "ICG views this acquisition as a great opportunity to
enhance the CI platform through the addition of Vcommerce`s technology while
increasing its ownership in CI, a company we believe holds significant potential
to increase stockholder value."

About Internet Capital Group

Internet Capital Group (www.internetcapital.com) owns 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.

About Channel Intelligence, Inc. (CI):

CI is a performance marketing and services company focused on helping retailers,
manufacturers and other advertisers make their products and services easier for
consumers to find and buy on the Internet and in local retail stores. The CI
product database is capable of storing, managing, optimizing and analyzing
hundreds of millions of products every day. This database powers product data
for leading manufacturers and retailers in Computing, Home Improvement,
Appliances, Consumer Electronics, Toys and other Consumer Product industries
such as Apparel, Cosmetics and Jewelry. CI offers innovative suites of services
for hundreds of the world's best known manufacturers, retailers and publishers
and provides distribution of product data to over 50 destination websites,
including the proprietary CI Ad Network. Cultivating partnerships with some of
the best solution providers in the eCommerce arena, CI is a partner company of
Internet Capital Group (Nasdaq:ICGE) and Aweida Capital Management. CI was
founded in 1999 by CEO Robert Wight and EVP Alan Fulmer and is headquartered in
Orlando, Fla. Learn more at http://www.channelintelligence.com.

About Vcommerce

Vcommerce is a market leader in Order Management/Order Fulfillment eCommerce
on-demand platform solutions. The company provides a comprehensive suite of
best-in-class capabilities which includes order management, order fulfillment,
supplier integration, and customer service. Using a high performance SaaS
(Software as a Service) platform, Vcommerce processes billions of dollars of
revenue annually for its clients. Vcommerce customers span retail industry
segments and include major brands such as Target, Overstock, Barneys New York,
and BJ's Wholesale Club. Located in Scottsdale, Arizona, the company is a
subsidiary of Internet Capital Group (Nasdaq:ICGE). For more information, please
visit http://www.vcommerce.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 partner companies, acquisitions or dispositions of interests
in partner companies, the effect of economic conditions generally, capital
spending by customers, development of the e-commerce and information technology
markets and uncertainties detailed in the Company`s filings with the Securities
and Exchange Commission. These and other factors may cause actual results to
differ materially from those projected.

Investor inquiries:
Internet Capital Group, Inc.
Karen Greene
Investor Relations
610-727-6900
IR@internetcapital.com

Copyright Business Wire 2009