Insight Venture Partners Hires Lawrence Handen as Managing Director; Handen to Support Growth and Momentum of Fund V Investments

Business Wire, Oct 12, 2005

NEW YORK -- Insight Venture Partners, a leading venture capital firm exclusively focused on the global software and Internet services industries, today announced that Lawrence "Larry" Handen has joined the firm as a Managing Director. Mr. Handen will be responsible for deal flow execution and management in Insight's newly launched Insight Venture Partners V.

"Larry has more than 15 years of experience as a principal investor and advisor in the technology industry, and we are pleased to have him join the management team," said Jeff Horing, co-founder and managing director at Insight Venture Partners. "He will be an important part of our growth and the success of Insight Venture Partners Fund V."

Mr. Handen was previously a managing director at VantagePoint Venture Partners, where he managed investments in the software, internet and media sectors. Prior to joining VantagePoint, he was a General Partner at UBS Capital where he led the firm's Technology & Services Group, serving on the Board of Directors for more than 15 companies. Before joining UBS Capital, Larry was a Partner with PricewaterhouseCoopers Consulting, now IBM Global Services. He holds an MBA from NYU's Stern School of Business and he received a BA in economics and political science from Bucknell University.

Mr. Handen commented, "Insight Venture Partners is an outstanding firm with an accomplished team of investment and operations professionals. I have previously worked closely with many members of the team, and I look forward to contributing to the Firm's ongoing technology investment leadership and growth."

About Insight Venture Partners

Since its inception in 1995, Insight Venture Partners has deployed over $1.1 billion of capital over five funds, facilitating the strategic sale of thirty-two portfolio companies and exiting thirteen others through initial public offerings. The firm is focused on growth-stage companies that apply technology to solve business and consumer problems. Headquartered in New York, Insight Venture Partners takes a global approach to investing in a market where experience, operations expertise and execution capability are the foundations of success. In May 2005, the firm closed Insight Venture Partners Fund V with $675 million.

For additional information, visit the firm's web site at www.insightpartners.com.