Battery Ventures Promotes Jesse Feldman and Brian O'Malley to General Partner

WALTHAM, MA and MENLO PARK, CA and HERZILYA, ISRAEL--(Marketwire - Jan 5, 2012) - Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced two promotions to General Partner: Jesse Feldman, based in Battery's Waltham, MA office, and Brian O'Malley, based in the firm's Menlo Park, CA office. Both promotions are effective immediately. Jesse is part of the firm's growth equity and buyout team, and in addition to software investing he leads the firm's Industrial Technology practice. Brian focuses on seed and early stage investing in the consumer internet arena, with a particular specialty in ecommerce and online marketplaces. Brian and Jesse join eight other General Partners leading Battery.

Battery is currently investing Battery IX, a $750 million fund. The fund follows the same investment strategy Battery has employed for almost 30 years, investing in businesses from seed stage to growth equity and buyouts across a variety of technology markets. Battery's current portfolio includes a range of compelling Digital Media, Software, Infrastructure IT/Green IT and Industrial Tech companies such as: Anobit, Angie's List (IPO), Bazaarvoice, Bluestem Brands, Consona, Exact Target, FreeWheel, Groupon (IPO), Guidewire, Hotel Tonight, Industrial Safety Technologies (IST), Marketo, Redwood Systems, Skullcandy (IPO), Wayfair and Zerto.

About Jesse Feldman
Jesse joined Battery's Waltham office in 2005 and focuses on growth equity and buyout investments in the software and industrial technology markets. He is currently on the boards of IST, Detcon and Gas Measurement Instruments (GMI), as well as HighJump Software and Rogue Wave Software. Jesse was on the board of Healthvision before its acquisition by Lawson Software. Prior to Battery, he worked on a range of private equity transactions and specialized in early-stage transportation and logistics technology investments with Ionian Management.

"Jesse is a great partner in our quest to build a comprehensive industrial safety platform worldwide," said Adam Markin, former Executive in Residence at Battery and now CEO of IST. "He is financially astute and able to evaluate a business on the most granular level, while maintaining the vision that guides our big picture strategy. Together, we have executed a number of complex transactions in a very short period of time, combining Renfrew, Scotland-based Gas Measurement Instruments, a leader in portable gas detection products, with Houston-based Detcon, a leader in fixed gas detection. Both companies achieved excellent revenue growth in 2011 and serve a worldwide customer base with a broad set of superior products. He has made an amazing contribution to IST to-date, and I know he will continue to be a key factor in Battery's ongoing success."

For a complete bio visit: http://www.battery.com/people/feldman.html.

About Brian O'Malley
Brian joined Battery in 2004 and focuses on investments in eCommerce, Consumer Internet and Application Software. He was also one of the first at Battery to invest in mobile applications, peer to peer commerce and online retailers. He currently leads Battery's Seed Practice.

"Brian has an intuitive product sense, and helped us shape our offering long before he ever invested," said Bryan Burkhart, CEO of H.BLOOM. "He's typically one step ahead, helping us foresee challenges before they become issues. In the nearly two years since launching H.BLOOM, I've had multiple occasions to say that the tactics we are implementing today are based on an idea Brian had suggested months ago. I congratulate him on his new role and am excited to continue working with him in this next chapter of his career."

During his eight year tenure, Brian originated or led investments in Bazaarvoice, Coupa, H.BLOOM, Insitu (acquired by Boeing), J. Hilburn, Joor, HotelTonight, Loosecubes, Peerflix (acquired by Live Universe), Relay Foods, Serena & Lily, Skullcandy (IPO), Sociable Labs, TradeKing, Viddy, and World Golf Tour. His previous experience spans leadership roles ranging from technical to direct sales at several startups, including Bowstreet, Inc. (acquired by IBM), Matrics, Inc. (acquired by Motorola) and Compoze Software (acquired by Oracle).

For a complete bio visit: http://www.battery.com/people/omalley.html.

About Battery Ventures
Since 1983, Battery has been investing in technology and innovation worldwide. The firm partners with entrepreneurs and management teams across technology sectors, geographies and stages of a company's life, from start-up and expansion financing, to growth equity and buyouts.

Battery has supported many breakthrough companies around the world, including: Airespace (acquired by Cisco), Akamai Technologies (IPO), Angie's List (IPO), Cbeyond (IPO), LIFFE (acquired by Euronext), Groupon (IPO), ITA Software (acquired by Google), MetroPCS (IPO) and Neoteris (acquired by Netscreen). Its current portfolio includes emerging and more established firms such as Anobit, Bazaarvoice, Bluestem Brands, Consona Software, Fingerhut, FreeWheel, Hotel Tonight, Marketo, Opscode, Nova Instruments, Redwood Systems, Rogue Wave Software, Skullcandy (IPO), Wayfair, and Zerto.

From offices in Boston, Silicon Valley and Israel, Battery manages nearly $4B in committed capital, including its current fund of $750M. For more information, visit www.battery.com.