Market10 Closes $13 Million Investment Round; Investment Supports Staged, Nationwide Availability for HR Professionals and Qualified Job Seekers

Business Wire, May 22, 2006

MCLEAN, Va. -- Market10(TM), the revolutionary new job marketplace that combines extensive matching technology with The 10 Dimensions of a Good Job Fit(SM), today announced it raised $13 million in its second round of financing. Menlo Ventures led the financing round, which also included a second investment by New Enterprise Associates (NEA) of Baltimore, MD.

This funding enables Market10 to continue establishing the new job marketplace. It comes on the heels of Market10's successful test market in Metro-D.C. and brings the total funds raised to date to $21 million.

With its unique 10 Dimensional Matching(sm), Market10 matches the strength, experience and knowledge of qualified candidates with job openings at leading employers.

"We're pleased Menlo Ventures, a distinguished and respected venture capital firm, has joined as an investor," says Rob McGovern, Chairman & CEO of Market10. "This financing round is enabling us to expand Market10 into new markets, offering an advanced solution that well surpasses outdated first generation job sites."

"Menlo Ventures has a long track record of backing innovative companies with strong management teams," says Sonja L. Hoel, Managing Partner, Menlo Ventures. "We believe Market10 represents the future of the online jobs segment, a rapidly expanding market opportunity. We couldn't be happier to be teamed with Rob and his experienced management team, many who were the founders of CareerBuilder, as they deliver the second generation of online recruiting."

"Since our A Round investment Market10 has made great progress on its way to becoming the new standard in today's online recruiting marketplace," says Peter Barris, Managing General Partner, New Enterprise Associates. "Menlo Ventures brings strong consumer Internet experience to Market10, and we're pleased they're joining us as an investment partner."

About Market10

Market10 is a revolutionary new online job marketplace. Built by the experts who founded CareerBuilder, Market10 combines extensive matching technology with The 10 Dimensions of a Good Job Fit(SM). Based in McLean, Va., Market10 was founded in 2005 by the career expert, Rob McGovern, the founder and former Chairman of CareerBuilder and the author of the best selling book on career advancement - "Bring Your 'A' Game: The Top 10 Career Secrets of the High Achiever."

About Menlo Ventures

Since 1976, Menlo Ventures has helped visionary leaders turn technical innovations into world-class companies. Many of these companies have become leaders in their respective markets, including LSI Logic, UUNET Technologies, Xros, Cyras Systems, Hotmail Corporation, Ascend Communications and Clarify. We currently focus our investments in the areas of communications, software, Internet infrastructure, semiconductors, storage and computer hardware.

Menlo Ventures is a dedicated team of investment professionals with a broad range of experience in technology, marketing, sales and general management. We have built a reputation as highly skilled and ethical investors who can help new companies define strategy, recruit the best management talent, forge industry partnerships and corporate alliances and attract investment capital. For more information visit www.menloventures.com.

About NEA

New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same basic principles: support their entrepreneurs, provide an excellent return to their limited partners and practice their profession with high standards and respect. Practicing classic venture capital for over 25 years, NEA focuses on early stage investments, playing an active role in assisting management to build companies of lasting value. With $6 billion under management, NEA's experienced management team has invested in over 500 companies, of which more than 150 have gone public and more than 200 have been acquired. NEA has offices in Reston, Virginia, Menlo Park, California and Baltimore, Maryland. For additional information visit www.nea.com.

Market10 is a trademark of the company and Ten Dimension Matching is a service mark of the company. All other company names mentioned herein are either registered marks of trade marks of the respective company.