InfoSpace Names Braden Kelly as New Member of Its Board

InfoSpace, Inc. (NASDAQ:INSP) today announced the appointment of Braden Kelly to the Company’s Board of Directors.

“Braden is another great addition to our board. His experience aligns perfectly with our strategy to grow InfoSpace both organically and through acquisitions,” said Will Lansing, president and chief executive officer of InfoSpace.

Kelly, an independent investor and strategic advisor to companies in the technology and healthcare industries, brings more than 17 years of investment strategy and finance experience across multiple industry sectors. From 1995 to 2006, Kelly was with General Atlantic LLC, a global $13 billion private equity investment firm focused on growth investing, where he served as a partner and managing director. During his tenure, Kelly founded the firm’s Silicon Valley office, served on its investment committee, and was responsible for managing more than $1 billion in investments in the US, Europe and India. Prior to joining General Atlantic, Kelly worked in the investment banking division at Morgan Stanley & Co. as a member of the mergers, acquisitions, and restructuring department.

“This is an exciting time to join the InfoSpace board as the company is executing its strategy to grow its search business and solidifying its acquisition strategy," Kelly said. “I look forward to working with the board to help bring the company into its next phase.”

Mr. Kelly is currently a senior advisor to Health Evolution Partners, a San Francisco-based private equity firm. Additionally, he serves on the board of edo Interactive, Inc., a developer in digital payment and marketing platforms.

Kelly will join eight other members on InfoSpace’s board: James F. Voelker, InfoSpace chairman; William J. Lansing, InfoSpace president and chief executive officer; John E. Cunningham, IV, partner of Clear View Partners, L.P.; Jules Haimovitz, president of Haimovitz Consulting; Richard D. Hearney, management consultant; William J. Ruckelshaus, chief financial officer of AudienceScience; Lewis M. Taffer, operating advisor of Pegasus Capital Advisors; and Elizabeth Huebner, former chief financial officer of Getty Images.

About InfoSpace, Inc.

InfoSpace, Inc., a leading developer of metasearch products, is focused on bringing the best of the Web to Internet users. InfoSpace's proprietary metasearch technology combines the top results from several of the largest online search engines, providing fast and comprehensive search results on InfoSpace sites including InfoSpace (www.infospace.com), Dogpile (www.dogpile.com), MetaCrawler (www.metacrawler.com), WebCrawler (www.webcrawler.com), and WebFetch (www.webfetch.com). InfoSpace's metasearch technology is also available on over 100 partner sites, including content, community and connectivity sites. More information may be found at www.infospaceinc.com.

InfoSpace, Dogpile, MetaCrawler, WebCrawler and WebFetch and other marks are trademarks of InfoSpace, Inc. The names of other companies and products mentioned herein may be the trademarks of their respective owners.

This release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include, without limitation, statements regarding future growth and profitability. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include: industry and market sector conditions; the progress and costs of the development of our products and services; the timing and extent of market acceptance of those products and services; our dependence on companies to distribute our products and services; the ability to successfully integrate acquired businesses; the successful execution of the Company’s strategic initiatives, operating plans, and marketing strategies; and the condition of our cash investments. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's most recent Annual Report on Form 10-K and our subsequent Quarterly Reports on Form 10-Q, in the section entitled "Risk Factors" and elsewhere in such documents. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.