In a series of discussions with entrepreneurs whose capital-efficient businesses are recognized “return leaders”, Kennet Partners Managing Director Javier Rojas sat down with Jassi to learn how he created a company that achieved that remarkable 52x ratio of exit value to capital used.

In this frank interview John talks us through some of the ups and downs of the Staffware journey. It is a story of survival through a downturn, dogged determination and more than a little humour.

London, Madrid, Frankfurt. April 3, 2009 – BuyVIP has announced the completion of a €14.9 million financing round led by Kennet Partners, a leading technology growth investor. Kennet will invest up to €11.1 million in the financing and joins existing investors Bertelsmann Digital Media Investments (BDMI), 3i Group and Molins Capital inversión, advised by Active Capital Partners, which also participated in this round. David Carratt, Managing Director of Kennet will join the board of BuyVIP.

Private buying clubs are showing tremendous growth in many European countries as fashion-conscious consumers are flocking to the web to save both time and money by participating in short duration sales. As a result, the online channel is becoming an integral part of many brands’ international distribution strategy. The overall European market opportunity is estimated to exceed €1 billion in 2009.

BuyVIP is the leading European private buyers’ club with more than 400 brand relationships across the region. With an online community of more than 3.5 million members and operations in Spain, Germany and Italy, the company offers a unique and efficient direct marketing channel to its brand partners.

The company operates an online marketplace which invites its members to private sale events, offering discounts of between 30 to 70% on branded goods that are either end-of-line or not available through retail outlets. Products are sourced from leading brand partners in each of its markets. BuyVIP already has effective operations in three European countries and will use the capital to expand into additional geographies in the region, building on both its brand relationships and its member acquisition program.

Every day its members are invited to more than 10 sales events, offering discounts of up to 70% on branded goods. Products are sourced directly from leading brand partners in each of its operating markets.

“The overall shift from offline stores to the Internet continues and there are substantial opportunities within this trend” said Kennet Managing Director David Carratt. “Within e-commerce, fashion is the fastest growing sub-segment, with 34% growth year-over-year. BuyVIP has been growing at more than 300% per year and we believe that the company has the team and processes in place to build a significant European business.”

Gustavo Garcia Brusilovsky, the CEO of BuyVIP said “Kennet is the ideal investor for BuyVIP because of its expertise in developing international businesses and willingness to support the extreme pace at which we operate. We are delighted to have David on board, with his hands-on experience in building international business operations. We already have effective operations in three European countries and will use the capital to expand into additional geographies, building on both our strong brand relationships and our member acquisition program.”

The round was legally supported by: Gómez-Acebo & Pombo; Cuatrecasas, Gonçalves Pereira; Araoz&Rueda; Landwell PwC and Salans.

About Kennet Partners

Kennet is a leading international private equity firm that invests in growth companies in Europe and North America. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet is an experienced investor with more than $500 million in funds under management.

For more information: www.kennet.com or contact Su Johnston (sjohnston@kennet.com) T: +44 (0)20 7839 8020. Kennet Partners Limited is authorized and regulated in the U.K. by the Financial Services Authority

About BuyVIP

BuyVIP is an exclusive, invitation-only online destination where invited members discover premier brands in time limited campaigns. Products are either end of season or are not yet available thus making BuyVIP a unique platform for great deals usually 30-70% off the original retail price.

With more than 3.5 million members (Dec 2008) and more than 10 new sales campaigns every day, throughout Europe, BuyVIP is a leader in the private sales segment. Partner brands include companies such as Calvin Klein, Ed Hardy, Diesel, Adidas, Puma, Nudie, Gucci or Fendi. Investors include Bertelsmann and 3i group.

The company was founded in 2006 simultaneously in Spain and Germany by a two serial entrepreneurs Gustavo Garcia and Gerald Heydenreich. Today BuyVIP is a truly European company with more than 120 employees with subsidiaries in Spain, Germany, Italy, Portugal and Austria. BuyVIP recently won the acclaimed Red Herring Top 100 award and has been selected by European Tech Tour.

For further information please go to www.buyvip.com

About Bertelsmann Digital Media Investments (BDMI)

Bertelsmann Digital Media Investments, based in Luxembourg, is the Venture Capital subsidiary of the international media company Bertelsmann AG. BDMI investments focus on new trends and business models in the area of digital media. BDMI expects to support the success of portfolio companies through a close working relationship with Bertelsmann divisions (RTL Group, Random House, Gruner + Jahr, Arvato, Direct Group), enhancing their leading and innovative positioning in the media industry. BDMI is managed by an international team based in US and Germany. For further information: www.bdmifund.com.

About 3i

3i is an international leader in private equity. We focus on Buyouts, Growth Capital, Infrastructure and Quoted Private Equity (“QPE”) and invest across Europe, North America and Asia. Our competitive advantage comes from our international network and the strength and breadth of our business relationships. These underpin the value that we deliver to our portfolio and to our shareholders. For further information: www.3i.com or contact Rachel Richards (Rachel.Richards@3i.com)

About Active Capital Partners

Active Capital Partners, advisor to MCI (Molins Capital inversión S.C.R. S.A.), makes minority investments in European technology companies requiring startup or expansion capital. Active invests between €500,000 and €3,000,000 per transaction and also co-invests in larger opportunities. Active’s investment style is characterised by its independent and entrepreneurial management team and its international network of Venturepreneurs, advisers, specialists, who enable them to add considerable value to its investments. Some of the principal investments are Telemedicine Clinic, Polymita Technologies, Xperience Consulting and Golden Gekko. For further information: Christopher Pommerening, Tlf: +34 93 487 6666. www.acpvc.com

London, March 24, 2009 – Kennet Partners, the technology growth investor has announced a €6.5 million investment in GoViral, a global online distributor of branded video content.

GoViral launches branded video content across its proprietary online publisher network, ensuring high brand engagement and maximum viral exposure to the relevant demographics. GoViral’s unique positioning within viral marketing and video distribution ensures high-volume, targeted and high return-on-investment campaigns. These content-based campaigns are distributed in local languages, on local sites and with local publishers. Recognized as a leader in the segment, the company’s Seed&Track solution helps marketers reach Internet users in more than 80 countries. GoViral is based in Copenhagen, with offices in London, Frankfurt and Paris.

According to Jupiter research, online video will grow faster than any other creative type in Europe, increasing more than tenfold from €87 million (four percent of display ad spending) in 2006 to €929 million (20 percent of display ad spending) in 2012.

“We are excited about the prospects for GoViral.” said Michael Elias, Managing Director of Kennet. “Jimmy Maymann and his team have developed a first-mover advantage in a significant new market that is transforming media and advertising consumption. GoViral is an established business, fast-growing and profitable, with a global market opportunity. It is capital-efficient and highly responsive to the evolving requirements of its customers. The combination of strong market opportunity, innovative technology and effective management team makes this a very promising investment for Kennet and we are pleased to be the first institutional investor in the company.”

Jimmy Maymann, CEO of GoViral added, “We believe that the Kennet team, and Michael in particular, can add a lot of value to the business in the coming years. We have a shared vision for the business - the belief that video advertising is a key consideration that will help the online channel become the most important advertising medium in the future. GoViral already has a leading position within the digital advertising space, and this investment positions us well to scale the business to respond to the opportunity.”

As part of the investment, Michael Elias from Kennet will join the board of GoViral.

About Kennet Partners

Kennet is a leading international private equity firm that invests in growth companies in Europe and North America. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet is an experienced investor with more than $500 million in funds under management.

For more information: www.kennet.com. Kennet Partners Limited is authorized and regulated in the U.K. by the Financial Services Authority

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European media enquiries:
Kennet - Su Johnston, +44(0) 20 7839 8020, sjohnston@kennet.com

US media enquiries:
Accelent Marketing - Theresa Maloney, +1 925 287 1509, theresa@accelentmarketing.com

London, March 19, 2009 — Kennet, a leading growth equity investor in Europe and North America with funds under management in excess of $500 million, today announced the addition of Hillel Zidel to its London team.

Hillel joins Kennet from ETV Capital, a provider of debt and equity-based capital to technology and biotech companies. At Kennet he will be working with the founders and management teams of European technology companies to exploit growth opportunities, including addressing new markets and geographies, and undertaking business development activities.

“We are delighted to have Hillel join us at Kennet” said Michael Elias, Managing Director. “His business knowledge and experience with growth capital in particular is an ideal fit for us. Kennet is seeing an increasing number of investment opportunities in both Europe and the U.S., so there is a good deal for him to do here.”

Hillel Zidel added: “This is an exciting time to be making European growth equity investments. The current climate has created opportunities as well as challenges for many high-tech entrepreneurs, and the value that Kennet provides in helping its portfolio companies to capitalize on opportunities and deal with challenges is an important differentiator in a difficult economy. Kennet has a great team of investment professionals with a great track record and I very much look forward to being part of the team.”

Kennet closed its third fund, Kennet III, in June 2008 and is actively investing in technology and technology-enabled businesses. Seven investments have already been made from the fund including: Spreadshirt, the online marketplace for customized apparel; Go Internet Media, the online lead generation specialist; and Schoolwires a U.S.-based provider of communications platforms for schools and their communities.

About Kennet Partners

Kennet is a leading international private equity firm that invests in growth companies in Europe and North America. Kennet supports entrepreneurial technology businesses with expansion capital to accelerate growth and build exceptional shareholder value. Kennet is an experienced investor with more than $500 million in funds under management.

For more information: www.kennet.com. Kennet Partners Limited is authorized and regulated in the U.K. by the Financial Services Authority.

With NTRglobal’s enterprise-grade Service (SaaS) for remote systems management he is driving revenue momentum for the industry around the globe. Under his leadership NTRglobal has increased its revenues (MRR) by a factor of 7x between 2005 and 2007.

Ed has also created a business that grades itself against a detailed set of metrics, and has built a highly capable team.

Individualized apparel and the creative platform for creating it is an emerging market, and one that Jana is determined to win.

Leipzig (Germany) and Boston, MA (USA), February 23rd, 2009 — Spreadshirt, the world’s creative apparel platform, today announced an investment of €10 million by Kennet Partners, a leading private equity firm, and existing investor Accel Partners.

Spreadshirt is a leading company for online mass customization, where goods can be easily personalized by consumers to make them more relevant and valuable, with a minimum order of one. Spreadshirt extends this capability to partners, large and small, who want to offer personalized shirts and other apparel to their communities and customers. Partners range from individuals with a blog, to the world’s largest brands.

Spreadshirt will use the funding to add new products and capabilities to its online platform, to strengthen its international footprint, and for innovative messaging to the massive market of people who wear clothes.

“Spreadshirt mixes an online ‘Web 2.0’ platform with the offline worlds of fashion, mass customization, and real-time manufacturing. Combining this with our global coverage means we require a financing partner with a range of experience to contribute more than simply cash,” says Jana Eggers, CEO of Spreadshirt. “Kennet, and specifically Managing Director Max Bleyleben, demonstrated their partnership mindset, and past results. We were sold.”

“Spreadshirt is an example of a capital-efficient business that has built not only a strong leadership position in Europe, but also quality leadership in North America,” comments Mr. Bleyleben. “The entrepreneurial team behind Spreadshirt — founder and Chairman Lukasz Gadowski, founder and CTO Matthias Spiess, and CEO Jana Eggers — have built a dynamic, innovative business for mass-customized eCommerce.” Mr. Bleyleben was elected to join Spreadshirt’s board.

“As a post-bubble entrepreneur, it is great to see our idea come to this stage of growth financing,” said Lukasz Gadowski, Chairman of Spreadshirt. “I am looking forward to working with the Spreadshirt team, Accel and Kennet to take personalization and self expression to new heights.”

Accel Partner Harry Nelis underlines the fit with Kennet, pointing out its experience with businesses that want to accelerate growth: “Since 2006, Accel has supported Spreadshirt’s development as it has become the market leader for creative apparel in Europe, and established itself in North America. With Kennet joining the shareholder group, we have additional expertise to take Spreadshirt across the chasm into the mainstream on both sides of the Atlantic.”

About Spreadshirt

Spreadshirt is the “things you wear” answer to the growing desire for personal branding — letting customers quickly create one-of-a-kind, high-quality, expressive apparel. Our customers are:

Buyers. Like tattoos, phone skins and MySpace or Facebook pages, Spreadshirt lets customers show who they are with what they wear, be it customized t-shirts, hoodies, jackets, bags, or accessories. If consumers don’t immediately have their own ideas, they are supported in finding what’s right for them with hundreds of thousands of top-quality designs from Spreadshirt’s extensive design community.

Sellers. Spreadshirt’s online platform supports some of the world’s largest corporations, like CNN, Holiday Inn Express, and Nissan, along with individual designers, bloggers and hobbyists, to offer unique, expressive clothing for their brand without worrying about demand management, inventory, manufacturing, logistics, payments or customer service. A basic Spreadshirt shop is free to set up and to operate.

Designers. Each week designers compete for fame and monetary prizes at laFraise, Europe’s largest t-shirt design competition and a Spreadshirt brand. The community votes, the designers get immediate feedback on their work, and limited edition t-shirts are printed and sold. laFraise also works with top brands like Celio, Greenpeace, and Sony to offer unique, crowd-sourced t-shirt designs to their communities and customers.

Spreadshirt was founded in 2002 in Leipzig without any outside capital and now employs more than 300 people in Europe and the United States. Spreadshirt has millions of individual consumers as customers, and over a half million shop partners worldwide. Meet Spreadshirt and its people at the Spreadshirt Blogs, Twitter, Flickr or Facebook, CEO Jana Eggers blogs at lifeonashirt.com.

For more information: www.spreadshirt.net

About Kennet Partners

Kennet is a leading international private equity firm that invests in growth companies in North America and Europe. Kennet invests in technology and technology-enabled business services, offering expansion capital to businesses that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor. Kennet has funds under management in excess of $500 million and acts as an advisor to Kennet II and Kennet III.

For more information: www.kennet.com. Kennet Partners Limited is authorized and regulated in the U.K. by the Financial Services Authority.

Max Bleyleben blogs about technology and entrepreneurship at maxbley.typepad.com.

About Accel Partners

Founded in 1983, Accel Partners has a long history of excellence and innovation in the venture capital business and is dedicated to partnering with outstanding entrepreneurs and management teams to build world-class companies. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California; London, UK; and Bangalore, India; as well as in China via the IDG-Accel Partnership.

With over $6 billion under management, Accel has helped entrepreneurs build over 300 successful category-defining companies including: Actuate, Alfresco, AMCC, Arrowpoint, Baidu, BBN, Brightcove, ComScore, Etsy, Facebook, Focus Media, Foundry Networks, Gameforge, GlamMedia, Imperva, Infinera, Interwoven, JBoss, Kayak, Macromedia, metroPCS, Mu Sigma, Polycom/PictureTel, Portal Software, QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, Sohu.com, UUNet, Veritas, Walmart.com, Webroot, XenSource, and Zimbra.

For more information, visit the Accel Partners web site at www.accel.com.

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European media enquiries:
Spreadshirt - PR-Manager, Eike Sievert, +49 341 594 00 5382, eike.sievert@spreadshirt.net
Kennet - Su Johnston, +44(0) 20 7839 8020, sjohnston@kennet.com

US media enquiries:
Accelent Marketing - Theresa Maloney, +1 925 287 1509, theresa@accelentmarketing.com

State College, Pennsylvania, 14th January 2009―Schoolwires, one of the nation’s leading providers of strategic website and community management solutions for building stronger school communities, more effective schools and greater student success, announced today that it has secured $12 million in growth-stage funding. Global growth equity firm Kennet Partners led the financing, which is the company’s first institutional round. Eric Filipek, Principal at Kennet has joined the Board of Directors.

The financing will enable Schoolwires to leverage its leadership position, intensify growth activities and accelerate plans to deliver powerful new solutions forged by changing K-12 market demands. It will also make Schoolwires the strongest and safest choice for strategic website and community management solutions offered to K-12 districts throughout the United States.

“We firmly believe that strategic online solutions will play a major role in transforming education,” said Edward S. Marflak, founder and CEO of Schoolwires. “We are leading the market in helping students and school districts to achieve more. In the process, we are blessed and gratified to be building one of America’s fastest-growing and most respected education technology companies.”

“A rare combination of sustained, rapid sales growth coupled with extremely strong customer satisfaction initially attracted Kennet to Schoolwires,” said Eric Filipek. “We were impressed by the company’s talent, commitment and sustainable track record. We believe that the company has an exponential growth opportunity as it scales to address a $1 billion+ market. Kennet believes that Schoolwires is well positioned to play a role in addressing one of our nation’s top priorities: Education. Under President-elect Barack Obama’s education agenda, we anticipate an intensifying trend taking shape as private sector investment supports the build-out of this nation’s educational infrastructure.”

Schoolwires will also expand customer success programs designed to help them reach their full potential.

Schoolwires Delivers Strategic Solutions to Address Changing K-12 Demands

The new demands of accountability, shifting demographics, ensuring student safety, enfranchising parents as part of the educational process, bringing together all community constituents, managing budget shortfalls and, most importantly, driving academic success are intensifying the pressure on America’s schools and their administrators.

By listening to the needs of the K-12 education market, Schoolwires has developed powerful solutions to address the strategic challenges facing our nation’s school districts. The company takes great pride in providing new innovations that help its customers better inform, engage and energize their K-12 communities.

“With an impressive track record of investing in respected and strategically-positioned companies experiencing significant growth, Schoolwires is excited to partner with Kennet,” said Marflak. “The management team is extremely insightful and delivers a level of expertise in growing businesses like ours that will be a major benefit as we accelerate expansion and deliver powerful market innovations.”

About Schoolwires, Inc.

Schoolwires Inc. is headquartered in Pennsylvania, USA.

Schoolwires provides strategic online communication, community-management and productivity solutions to the K-12 education market. The company’s core product is Schoolwires Centricity™, which brings together robust and flexible website management, community management and web 2.0/social network capabilities in a single, user-centric solution. Schoolwires also delivers Schoolwires Synergy™, a digital file sharing solution, Schoolwires Assist™, a service request solution, and Schoolwires Share™, an exclusive online client community and support center.

Schoolwires is recognized in the Inc. 500 as one of the fastest growing private companies in the nation. The company’s on-demand solutions are deployed at nearly 4,000 schools serving an estimated four million students, parents, teachers and administrators throughout North America.

About Kennet

Kennet is a leading international private equity firm that invests in growth companies in North America and Europe. Kennet invests in technology and technology-enabled business services, offering expansion capital to businesses that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor. Kennet has funds under management in excess of $500 million and acts as an advisor to Kennet II and Kennet III.
For more information visit www.kennet.com.

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US media enquiries:
Schoolwires, Inc - VP of Marketing, Jacqueline Martini, Cell +1 484 678 4199, jmartini@schoolwires.com
Accelent Marketing - Theresa Maloney, +1 925 287 1509, theresa@accelentmarketing.com

European media enquiries:
Kennet - Su Johnston, +44(0) 20 7839 8020, sjohnston@kennet.com

Santa Clara, Calif. (January 13, 2009) - Go Internet Media, Inc., an Internet Advertising Network specializing in customized consumer acquisition services for vertical markets, announced today that it has secured US $10 million in Series A equity financing led by Kennet, a private equity firm that provides growth equity to technology businesses in the United States and Europe.

The financing will be used to fund Go Internet Media’s continued rapid growth by expanding its sales force and strengthening its balance sheet. Javier Rojas and Gustavo Alberelli from Kennet will join Al Abhari, Founder and President of Go Internet Media, Inc., on the Board of Directors.

Go Internet Media was founded in 2004 with the mission of building practical and resource-rich vertical-market portals to help consumer marketing companies, such as post-secondary education institutions, reach and acquire highly qualified customers. Today, the company operates two profitable divisions: AcademixDirect and RevenueLoop. Popular sites include www.searchbydegree.com and www.freeeducationguide.com.

“Internet Media is a great example of a founder-led business that has been bootstrapped profitably to a sizable revenue base. Enthusiasm for the company’s services has been exceptional,” said Javier Rojas, Managing Director of Kennet.

AcademixDirect supports over 1,000 nationwide colleges’ and universities’ advertising efforts by offering relevant information to their target audiences. The students are matched up with the school(s) that best fits their interests. In a matter of seconds, the lead is delivered to institutions, allowing the two to connect. This model increases appointment rates, exposure for the academic institution and ultimately, enrollment rates.

RevenueLoop is an online advertising network for publishers and advertisers. This division uses ‘crowdsourcing’ to tap a broad network of online marketing experts for selected customer acquisition programs supporting national organizations.

“The redirection of advertising budgets towards more performance-based solutions combined with the company’s innovative technology and strong customer focus have allowed Go Internet Media to experience tremendous growth despite the current economic environment,” said Gustavo Alberelli, Director at Kennet.
Al Abhari, Go Internet Media President, added, “We are confident that the alliance with Kennet and new infusion of capital will fuel the continued growth of our organization. It will allow us the opportunity to take a leading position within the Post-Secondary Education interactive marketing and Cost Per Action (CPA) affiliate marketing industries.”

About Go Internet Media, Inc.

Headquartered in Santa Clara, California, Go Internet Media has gained traction as an industry leader in lead generation for the education market. The combination of exclusive offerings, extensive industry background and strong ROI-focused philosophy uniquely positions Go Internet Media for growth. Founded in 2004, Go Internet Media operates two business units: AcademixDirect and RevenueLoop. AcademixDirect is a rapidly growing technology leader in online marketing, poised to gain market share in the post-secondary school sector, while RevenueLoop expands the company’s market reach beyond the education industry to affiliate-based online advertising. RevenueLoop.com is a 100% CPA, performance-based advertising network that matches advertising campaigns with successful publishers to drive exposure and lead generation to exclusive campaigns. The company is funded exclusively by Kennet. For more information please visit www.gointernetmedia.com

About Kennet

Kennet is a leading international private equity firm that invests in growth companies in North America and Europe. Kennet invests in technology and technology-enabled business services, offering expansion capital to businesses that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor. Kennet has funds under management in excess of $500 million and acts as an advisor to Kennet II and Kennet III.

Kennet Partners Limited is authorized and regulated in the U.K. by the Financial Services Authority. For more information visit www.kennet.com.

US media enquiries:
Go Internet Media - Jamie Claire, +1 408 988 9989 ext. 801, jclaire@gointernetmedia.com
Kennet - Javier Rojas, +1 650 573 8700, jrojas@kennet.com
Accelent Marketing - Theresa Maloney, +1 925 287 1509, theresa@accelentmarketing.com

European media enquiries:
Kennet - Su Johnston, +44(0) 20 7839 8020, sjohnston@kennet.com

San Francisco, 7th October 2008 – Recommind, a leading provider of search, email management and eDiscovery systems for enterprises announced today that it has secured the first institutional funding in the company’s history. Global growth equity firm Kennet Partners led the financing of the business.

Recommind’s solutions enable Fortune 500 enterprises and professional services firms to organize, access and analyze data and expertise across the organization to maximize the value of enterprise information while efficiently mitigating the risks associated with litigation, regulatory compliance and investigations. In particular, Recommind’s eDiscovery platform dramatically improves the accuracy, consistency and speed of document review during litigation and investigations.

In the past year, the company has also launched its email management tool, DecisivTM Email, which automatically tags, files and deduplicates all email-borne information to help firms better meet their records management and litigation preparedness needs.

Recommind has experienced sustained and rapid growth across all product lines and geographies. The company plans to use the new capital to accelerate global sales growth and to acquire additional product and market breadth through acquisition.

“At Kennet Partners, we focus on well run, capital efficient companies with strong franchises that have shown a consistent track record of sustained revenue growth. Recommind is directly in our sweet spot and we are pleased to be the first institutional investors in the company,” said Eric Filipek, Principal at Kennet Partners. “Recommind is following a similar path taken by some of the most successful technology companies to date by becoming a key supplier of strategically critical technology to a rapidly expanding vertical industry. The skill sets required to build and maintain an extremely loyal customer base in legal technology positions the business perfectly to deliver best-of-breed solutions to the broader and rapidly changing document management market. We are excited to be a part of what is a tremendous success story that continues to gain momentum, even in turbulent times such as these.”

“We are very proud of Recommind’s track record of strong, organic growth and profitability. Our high-growth rate is a testament to the dedication, focus and capabilities of our employees – not to mention the strong support of our customers. With the tremendous demand we have experienced, which has only accelerated with the recent financial market crisis, access to significant capital will be a key ingredient of our ability to fulfill demand going forward,” said Robert Tennant, CEO, Recommind. “With a successful track record of investing in well-established, strategically positioned companies experiencing significant growth, Kennet Partners is an ideal partner that shares our vision of making Recommind the leading provider of information risk management solutions to enterprises.”

As part of the investment, Eric Filipek from Kennet Partners will join the board of Recommind.

About Kennet Partners

Kennet Partners is a leading international private equity firm that invests in growth companies in Europe and North America. Kennet invests in the technology and technology-enabled business services sectors, offering expansion capital to businesses that want to accelerate growth and build exceptional shareholder value in partnership with an experienced investor.
Kennet Partners has over $600 million under management and acts as an advisor to Kennet II and Kennet III.

Kennet Partners Limited is authorized and regulated by the Financial Services Authority. For more information: www.kennet.com

About Recommind

Recommind’s enterprise search and categorization platform automatically organizes, manages, and distributes large volumes of information from multiple sources. With faster access to the right information, organizations can save time, enhance the quality of work product, increase the value of information assets, and improve competitiveness and profits. Recommind customers include Bertelsmann, BMW, DLA Piper, Novartis, Lewis Silkin, Shearman & Sterling and Simmons & Simmons. Recommind is headquartered in San Francisco and has offices in New York, Boston, Chicago, Atlanta, Washington DC, London, and Bonn, Germany.

For more information, email info@recommind.com, or go to www.recommind.com.

ALISO VIEJO, Calif., Sept. 12, 2008 – Quest Software, Inc. (Nasdaq: QSFT) today announced that it has acquired NetPro Computing, Inc. in a cash transaction valued at approximately $78.7 million. The acquisition of NetPro, a leading provider of Microsoft infrastructure optimization solutions, allows Quest to further extend its product portfolio to deliver a comprehensive set of products to manage complex Microsoft infrastructures. The combined product offering is expected to provide robust solutions to better migrate, manage and secure Microsoft Active Directory, Exchange, SharePoint and SQL Server environments.

“The Windows infrastructure is mission critical for almost every organization today,” said Vinny Smith, chairman and CEO, Quest Software. “Companies want products that help them get more performance and productivity from their Windows infrastructure. Our acquisition of NetPro, with its award-winning products and talented Microsoft experts, will allow us to deliver solutions our customers need to feel confident in the reliability, availability and security of their Microsoft systems.”

Executive leadership teams from both companies have collaborated on a preliminary plan for the strategic integration of the two companies’ products and employees. Key members of NetPro’s management team will remain with Quest as the two companies work to consolidate operations.

A phased integration plan to consolidate the two companies’ Microsoft development, sales, marketing and services organizations to best serve Quest and NetPro customers is being implemented. Products from both companies will continue to be developed, marketed, supported and sold while technology roadmaps and product integration points are further defined. It is expected that the technology roadmap will be disclosed on or around October 15, 2008.

“NetPro is excited to be joining Quest Software,” said Kevin Hickey, CEO of NetPro. “Quest and NetPro share the common goal of helping customers solve complex problems for better Identity Management, as well as Active Directory, Exchange, SharePoint, and SQL Server management, compliance and security. In addition, we look forward to leveraging NetPro’s Gil Kirkpatrick, and other experts from NetPro and Quest, to expand the technology scope and topics of next year’s The Experts Conference, historically produced by NetPro.”

About Quest Software, Inc.

Quest Software, Inc., a leading enterprise systems management vendor, delivers innovative products that help organizations get more performance and productivity from their applications, databases, Windows infrastructure and virtual environments. Through a deep expertise in IT operations and a continued focus on what works best, Quest helps more than 90,000 customers worldwide meet higher expectations for enterprise IT. Quest provides customers with client management as well as server and desktop virtualization solutions through its subsidiaries, ScriptLogic and Vizioncore. Quest Software can be found in offices around the globe and at www.quest.com

Forward Looking Statements

This press release includes predictions, estimates and other information relating to our acquisition of NetPro Computing, Inc. that might be considered forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ from those anticipated as a result of various factors, including: risks that the transaction or related integration activity may disrupt current plans, projects and operations; and our ability to recognize the benefits of the acquisition. Other risks and uncertainties that may affect forward-looking statements include: introducing quality products on a timely basis that satisfy customer requirements and achieve market acceptance; lengthy and variable sales cycles create difficulty in forecasting the timing of revenue; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; uncertainties relating to ongoing litigation and government investigations arising from our stock option investigation; competitive conditions in our various product areas; risks that our intellectual property rights may not be adequate to protect our business or that others may claim that we infringe upon their intellectual property rights; risks associated with the ability to retain existing personnel and recruit and retain qualified personnel; reductions or delays in information technology spending; changes in the demand for our products and services; inability to maintain or expand relationships with channel partners, value added resellers and systems integrators; difficulty of improving our infrastructure in order to be able to continue to grow; other risks inherent in software businesses; and other risks described from time to time in Quest’s filings with the SEC. For a discussion of these and other related risks, please refer to our recent SEC filings, including our Annual Report on Form 10-K for the year ended December 31, 2007, which are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. We undertake no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

Relying solely on real customer revenues to build a business was not the most common approach in the late nineties, but James Quist saw it as the best way to retain flexibility and grasp the opportunity at hand.

In the series of discussions with entrepreneurs whose capital-efficient businesses are recognized “return leaders,” Kennet Partners Managing Director Javier Rojas sat down with James Quist, founder of MedeAnalytics, to discuss why bootstrapping the company was so successful, and what advice he has for company founders today.