The Lancer Group

Liquidity Services, Inc. Announces New Chief Information Officer, <B>Eric C. Dean</B> (External Link)

October 17, 2007

Liquidity Services, Inc. (LSI), a leading online auction marketplace for wholesale, surplus and salvage assets, today announced the appointment of Eric C. Dean to its executive management team as Chief Information Officer (CIO) of LSI and its subsidiaries. Mr. Dean, 54, will lead LSI’s technology strategy and implementation in support of LSI’s continued growth. In this role, he will oversee LSI’s e-commerce platform, technology infrastructure and application development programs with a focus on meeting the business needs of LSI’s customers. Mr. Dean will also provide technical expertise and identify opportunities to drive efficiencies as LSI scales to a much larger enterprise.

Mr. Dean brings LSI over 28 years of experience in guiding the strategy, implementation and management of information technology processes in large scale, global enterprises and growth company environments, including roles as CIO of Schaller Anderson, Andersen Worldwide and UAL Corporation, parent company of United Airlines.

“Eric’s extensive knowledge and experience will play an integral role in LSI’s strategic direction, development and future growth,” said Bill Angrick, Chairman and CEO of LSI. “As we continue to scale LSI’s online auction marketplace model organically and via acquisition, Eric’s proven track record of aligning technology with the business needs of a larger enterprise will contribute greatly to the success of LSI.”

Mr. Dean will succeed Benjamin R. Brown who, as previously indicated, is planning a sabbatical beginning January 1, 2008.

Prior to joining LSI, Mr. Dean served as Senior Vice President and CIO for Schaller Anderson, Inc. In this role, he oversaw the company’s IT activities as well as major development initiatives to support Medicaid plans and processing within nine managed care organizations. Mr. Dean also previously served as CIO for Andersen Worldwide, one of the world’s largest international professional services firms, overseeing a diverse staff of 1,000 employees in six countries. During his time there, Mr. Dean revitalized Andersen’s technological structures, particularly with the implementation of the Internet into the company’s knowledge-sharing environment.

Mr. Dean also previously served as CIO of UAL Corporation where he directed IT aspects of acquisition screening and integration planning and oversaw development and implementation of a variety of systems, including airport information systems, customer data warehouses, and major enhancements to the company’s transactional website.

Mr. Dean has co-authored two publications about information technology and is a founding Chairman of the Liberty Alliance and the Arizona Health-e Connection Roadmap Technical Committee. Mr. Dean holds a Bachelor of Science degree in Mathematics from Indiana University.

AlixPartners names <B>Doug Barnett</B> as new CFO (External Link)

August 09, 2007

AlixPartners, the international corporate turnaround, performance improvement and financial advisory firm, announced the appointment of Doug Barnett as Managing Director and Chief Financial Officer.

Datatel appoints <B>Kevin Boyce</B> as CFO (External Link)

July 09, 2007

FAIRFAX, VA – July 9, 2007 – Datatel®, Inc. today announced that its Board of Directors has appointed Kevin M. Boyce as chief financial officer. Boyce will assume the responsibilities of Vernon R. Hollidge, Jr., Datatel senior vice president, finance and administration, who will retire from day-to-day company operations August 9th. Hollidge will continue to serve on the Datatel Board of Directors.

Boyce brings nearly 15 years experience in financial and operations management, most recently as Culligan International’s vice president of finance for North America. There he was the lead financial executive of six business lines with combined revenues of approximately $500 million. Previously, Boyce held a number of financial positions at JPMorgan Chase Vastera, completing his tenure as chief financial officer.

While at JPMorgan Chase Vastera, Boyce managed global finance operations across five continents, including accounting, audit, tax, treasury, financial planning and analysis, investor relations, and financial merger and acquisition functions. Boyce began his career in the communications and technology group at Arthur Andersen LLP, most recently as a manager in its audit practice.

Blackbaud welcomes Timothy Chou to Board of Directors (External Link)

June 26, 2007

CHARLESTON, S.C.—(BUSINESS WIRE)—June 26, 2007—Blackbaud, Inc. (NASDAQ: BLKB), announced today that Timothy Chou has joined its Board of Directors. The former president of Oracle On Demand, author of “The End of Software” and long-time lecturer at Stanford University brings unparalleled knowledge in the software business.

“As we continue to expand our portfolio of solutions and services, our board is also adapting and expanding to reflect the progression of the company,” said Marc Chardon, Blackbaud’s chief executive officer. “We are pleased to welcome Timothy Chou to our Board of Directors and know that his diverse experience and immense expertise will provide great value to the company as we move forward with our long range plan.”

Hellman & Friedman Hires Brad Henske as Managing Director (External Link)

June 14, 2007

SAN FRANCISCO, June 14 /PRNewswire/—Hellman & Friedman LLC today announced that Brad Henske will be joining the firm as a Managing Director in its San Francisco office. Mr. Henske joins Hellman & Friedman from Intuit, Inc., where he was General Manager of Intuit’s Consumer Tax Group(maker of TurboTax) after having served as the company’s CFO. Mr. Henske will be actively involved with H&F’s portfolio companies, utilizing his background that includes significant experience in consulting, line management and financial management, in both public and private companies. “We are excited to add someone with Mr. Henske’s expertise to our team,” stated Brian Powers, Chief Executive Officer of Hellman & Friedman. “We believe that he will help our firm better drive value by improving the operational effectiveness of the companies in our portfolio.”

A graduate of Rice University and The Wharton School, Mr. Henske began his career at Bain & Company, where he eventually became a partner. In 1996, he became the CFO of American Savings Bank, a portfolio company of the Robert M. Bass Group. He spent the next four years as a partner with the Bass Group, before he became the CFO of Synopsys Inc. In 2003, Mr. Henske became Senior Vice President and Chief Financial Officer of Intuit and subsequently General Manager of the company’s Consumer Tax Group (maker of Turbo Tax).

Activant Names Kathy Crusco As New Chief Financial Officer (External Link)

Company Hires Technology Industry Executive to Lead the Company’s Financial Operations

May 08, 2007

Activant Solutions Inc., a leading provider of vertical business management solutions, today announced that Kathy Crusco has joined the company as senior vice president and chief financial officer. Kathy brings over 20 years of experience in a variety of financial roles within the technology industry. Her experience in growing companies organically and through mergers and acquisitions are a fitting match for Activant’s growth plans.

“Activant has identified key industries for growth and expansion, and we need a solid executive to lead the company’s financial operations as we break into these new markets,” said Pervez Qureshi, CEO of Activant Solutions. “Kathy’s deep understanding of the technology industry, management of large companies and the complexities of acquisition and integration make her a great fit for Activant’s diverse financial needs.”

Prior to joining Activant, Kathy served as vice president, Worldwide Finance for Polycom Inc. where she managed the global finance function, tax, strategic investments and mergers, acquisitions and integration. Before becoming vice president, Worldwide Finance, Kathy served as Polycom’s vice president, Worldwide Controller and chief accounting officer. In this role, Kathy was responsible for the worldwide accounting organization, tax, regulatory reporting and revenue operations. Before Polycom, Kathy served as vice president of finance and accounting for Documentum Inc.

At Documentum, Kathy was responsible for worldwide accounting, financial planning and analysis, regulatory reporting and revenue operations. Kathy also served as the director of finance for Adaptec. Kathy began her career with Price Waterhouse LLP spending ten years serving the audit needs of high technology companies such as Applied Materials, KLA and Adaptec.

Google Agrees to Buy DoubleClick for $3.1 Billion (External Link)

April 13, 2007

Google Agrees to Buy DoubleClick for $3.1 Billion

April 13, 2007 5:47 p.m.

Google Inc. reached a deal to purchase Internet ad-services company DoubleClick Inc. for $3.1 billion, marking one of its biggest acquisitions.

The price represents a stunning change in valuation for the company, given that it fetched $1.1 billion in 2005, and has since sold off parts of itself to other parties. Among others, Microsoft Corp., had been vying for control of New York-based DoubleClick, which is controlled by San Francisco private-equity firm Hellman & Friedman.

Even as the Internet economy enters its second decade, the price shows just how valuable key market positions can still be. In adding DoubleClick, Google pushes deeper into the business of placing, or “serving” the electronic advertisements that dot Web sites. But it will also complicate Google’s already fraught relationships with Web publishers, who often rely on Google for advertising revenue and traffic, but fear that Google’s ever-growing market power may somehow crimp their own growth plans.

In addition to ad-serving infrastructure, DoubleClick brings a vast list of relationships with Web publishers and advertisers that Google can try to exploit to improve its online ad offerings farther beyond the small text ads that it places alongside search results. Customers include Time Warner’s AOL and News Corp.’s social networking site MySpace. The company also runs a service called Performics, which among other offerings, works with advertisers to help place ads on Internet search engines, such as Google.

Many Web publishers rely on ad-serving services such as DoubleClick’s to insert ads on the fly when a visitor pulls up a Web page. Some advertisers and their agencies rely on DoubleClick to deliver their ads to be served up to the Web pages.

The ad-serving DoubleClick does would be an obvious complement to Google’s push to sell more graphical and video advertising. Google currently serves ads for other publishers when it has sold the ads for them through its online advertising system, but generally doesn’t serve ads that weren’t bought through its system. People familiar with the matter say Google has been preparing a service that could serve ads on sites for Web publishers even when Google itself hasn’t sold the ads.

The deal comes as Google also expand its ad-brokering services into offline media, such as print, radio and television.

The agreement marks the second time that Google has outdistanced Microsoft, which in 2006 beat out the software maker for a partnership in AOL. Some Microsoft executives are convinced Google is making such investments mainly as a defense against Microsoft and others.

Losing DoubleClick also adds a roadblock to Microsoft’s goal of entering search and advertising areas that Google hasn’t staked out yet. Doubleclick would have given Microsoft instant entry into the market for running ads on other companies’ Web sites. Now Microsoft may have to build its own service if it decides to compete. That approach has proved difficult to Microsoft, which has poured money into its own search engine and online ad system to little success.

DoubleClick selects Charlie Dickson as the Chief Financial Officer (External Link)

March 30, 2007

Carolyn Miles, Chief Operating Officer of Save the Children, Joins Blackbaud's Board of Directors (External Link)

March 21, 2007

CHARLESTON, S.C.—(BUSINESS WIRE)—Blackbaud, Inc. (Nasdaq: BLKB - News), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that Carolyn Miles, executive vice president and chief operating officer of Save the Children has joined its Board of Directors. Save the Children, with annual revenues of more than $332 million, is the leading independent organization creating lasting change in the lives of children in the United States and throughout the world.

Datatel selects the Lancer Group for the Chief Financial Officer Search (External Link)

January 23, 2007