SOURCE: SelectMinds, Inc.

August 21, 2007 10:05 ET

SelectMinds Appoints Robert Goodman and Alex Ferrara to Board of Directors

NEW YORK, NY--(Marketwire - August 21, 2007) - SelectMinds, Inc., the leading provider of Corporate Social Networking (CSN) solutions, today announced two new additions to its Board of Directors.

Robert Goodman, managing partner, Bessemer Venture Partners (BVP) and Alex Ferrara, vice president, BVP, join the SelectMinds Board of Directors. Goodman and Ferrara join SelectMinds Chairman and CEO Anne Berkowitch and Chief Operating Officer Blue Teramoto on the Board. Both BVP executives bring more than 20 years of experience in building and advising enterprise software and technology companies through periods of extensive growth and success.

As a managing partner of Bessemer Venture Partners, Goodman focuses on investments in early-stage software and telecommunications companies. Prior to joining BVP, Goodman founded and served as CEO of two successful telecommunications companies: Celcore, Inc., a wireless equipment company, acquired by Alcatel, and Boatphone, a group of cellular operating companies. Goodman also serves on several Boards including Bladelogic, ColorChip, IAG Research, and Siano Mobile Silicon, among others.

Ferrara serves as BVP vice president, focusing on investments in software and financial services technologies. Prior to BVP, Ferrara worked at Goldman Sachs where he was involved in merger advisory and financings in the IT services and software sectors. Ferrara was also a member of the founding teams of Mainline Marketplace, an online auction business, which was acquired by ChannelSpace Entertainment. Ferrara also serves on the Board of Sparter.

"We are pleased to welcome Bob and Alex to the SelectMinds Board of Directors," said Berkowitch. "Bob and Alex bring a unique blend of entrepreneurial, operating, investment, enterprise software, and financial expertise to the SelectMinds Board. Their insights and experience in building and growing successful companies will be a welcome addition to our Board."

About SelectMinds

Founded in 2000, SelectMinds is the leading global provider of secure, Corporate Social Networking solutions. Using the power of Web 2.0, SelectMinds helps organizations build connections among and between groups of employees, alumni, retirees, women, and other constituencies. These powerful connections drive increased knowledge sharing and collaboration, enable strategic talent sourcing, and foster employee development and retention. The result is a higher performing organization with the ability to innovate quickly, increase productivity, and hire and retain key talent. SelectMinds clients include more than 60 leading organizations including JPMorgan Chase, The Dow Chemical Company, Ernst & Young, Lockheed Martin, Latham & Watkins, Schlumberger, and Deloitte. For more information, visit www.selectminds.com.

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