H.I.G. Ventures Adds Seasoned Investment and Operations Professionals to Team.

Names Hank Boughner Managing Director and John Baumstark Entrepreneur-in-Residence

ATLANTA -- H.I.G. Ventures, the venture capital affiliate of H.I.G. Capital, announced today the addition of three experienced professionals to its investment team. Hank Boughner has joined H.I.G. as Managing Director and John Baumstark has joined as Entrepreneur-in-Residence. Both will take active roles in the overall strategy of the fund as well as the development of portfolio companies.

"We're extremely pleased to welcome Hank and John to our team," said Tony Tamer, Managing Partner, H.I.G. Ventures. "Their impressive backgrounds and operating, technology and financial management expertise will be a great contribution to the success of both H.I.G. and our portfolio companies."

Hank Boughner joined H.I.G. Ventures as a Managing Director and will focus on venture and growth equity investment opportunities in technology and business services. Hank has been active in the technology sector for more than ten years, investing in and advising companies at all stages of growth. Hank joined the firm from the Private Equity Group at Goldman, Sachs & Co., where he served as the head of the technology group and led direct, fund and secondary investments. Hank was also a member of the Investment Committee. He most recently served as a board member or observer on Arcot, Bivio Networks, Global Tel*Link and E.Z. Chip. Previously, Hank was a Principal with MMC Capital, where he focused on venture and growth equity investments in technology and business services.

Prior to these investment roles, Hank was a senior investment banker with Goldman, Sachs & Co. in the High Technology group, focusing on financing and M&A transactions in the software, services and Internet sectors. Hank began his career with Houlihan, Lokey, Howard & Zukin as a financial analyst, and with the Southwestern Company in direct sales and management.

John Baumstark has over 20 years of technology experience in early and late-stage private and public companies. Most recently, John was responsible for overseeing global operations of IBM's WebSphere Customer Center unit, part of IBM's newly formed Enterprise Master Data Solutions group within the IBM Software Group.

Prior to IBM, John was president and CEO of DWL, the leader in Customer Data Integration software. Under John's leadership the company was cashflow positive for 60 consecutive quarters, was profitable and was named one of the fastest growing technology companies in North America three years in a row by Deloitte and Touche. DWL was acquired by IBM in 2005.

Prior to DWL, John served as the Chief Operating Officer of TRADEX Technologies. Under John's leadership, TRADEX became the market leader in digital marketplace platforms. In March of 2000, TRADEX was acquired by Ariba for $5.6 billion, making it one of the largest software acquisitions in history.

Before TRADEX, John directed worldwide field operations for Infinium Software. There he built over $100 million in revenue, led a successful initial public offering and acquired two companies. Before joining Infinium, Baumstark held sales and sales management positions with Management Science America (MSA), a mainframe application software provider.

H.I.G. Ventures also announced the addition of Austin Scee to the investment team. Austin joined the firm in February 2007 and focuses on growth equity investments. Prior to joining H.I.G., Austin spent two years at Advanced Technology Ventures in Boston investing in high growth companies. He brings more than 11 years of combined experience in venture and growth capital, investment banking, operations and consulting to H.I.G. with prior roles at IBM, Harbinger and Alex. Brown.

"H.I.G. Ventures continues to focus on investing in market-leading businesses at all stages, from start-up through growth and expansion capital," said Fred Sturgis, Managing Director, H.I.G. Ventures. "We continue to add professionals to our team who share the vision and passion of funding and building world-class companies."

About H.I.G. Ventures

H.I.G. Ventures partners with entrepreneurs to provide the capital, expertise and relationships necessary to build market-leading businesses. With over $550 million in dedicated venture and growth capital under management, the firm's team invests nationally in early to growth-stage information technology, healthcare and service businesses. H.I.G. Ventures is the venture capital affiliate of H.I.G. Capital, a leading private equity investment firm with over $3.5 billion of capital under management. H.I.G. Ventures has offices in Atlanta and Miami. For more information, visit www.higventures.com.