Austin Ventures Announces the Addition of Stephanie Lucie as General Counsel and Chief Compliance Officer

AUSTIN, TX--(Marketwire - Jun 8, 2011) - Austin Ventures ("AV"), a venture capital and growth equity firm, today announced that Stephanie Lucie has joined the firm as general counsel and chief compliance officer.

"I've known the Austin Ventures team for years and look forward to providing insight and applying my experiences with legal and compliance aspects to a wide variety of activities in which AV is involved. These include AV's various financings, changes resulting from the Dodd-Frank Act as well as other state and federal legislative initiatives, including liability management, litigation, and many other legal issues that AV may encounter."

"We are excited to have Stephanie join our team in this new role as we've been impressed over the years with her business and legal approach while working as senior vice president and general counsel of Entorian Technologies, an Austin Ventures portfolio company," said Joe Aragona, Austin Ventures general partner. "Bringing her on board will add value to us and our portfolio companies by helping to comply with an increasingly regulatory environment and implement improved processes for better efficiency."

Stephanie brings over twenty years of legal experience and previously held management positions with Entorian Technologies, Cirrus Logic, and Compaq Computer Corporation. She started her legal career with large law firms in New York City, and Houston, Texas.

Stephanie received her J.D. from Duke University School of Law, where she served on the Duke Law Journal, and graduated magna cum laude from the University of Notre Dame.

About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for over twenty-five years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on new media, Internet and information services, software, business services and supply chain, and Texas special situations, AV invests at all stages of company development, from $100,000 in "planned experiments" in early-stage ideas to $100+ million investments in expansion rounds, minority recapitalizations, and buyouts of lower middle market growth companies. AV's strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs. Visit austinventures.com for more information.