SOURCE: Aptara

July 17, 2008 12:13 ET

Update: Dev Ganesan Appointed President and CEO of Aptara, Inc.

Additional Financial Commitment Received From American Capital, Ltd.

FALLS CHURCH, VA--(Marketwire - July 17, 2008) - Aptara, Inc., a global leader in integrated content transformation solutions, today announced that Mr. Dev Ganesan has been named the company's President and Chief Executive Officer. "Since joining Aptara's board in January 2007 and his subsequent addition to the company's management team later that year, Dev has had a significant impact on the various elements of the company's operations and created a sense of excitement throughout the company," said Mr. Steven Stubitz, a Principal with American Capital Ltd. (NASDAQ: ACAS) and a member of Aptara's board of directors. "Dev's straightforward approach has won the respect of employees, customers and the marketplace and I look forward to many years of success for Aptara under his leadership." Aptara is a portfolio company of American Capital.

Prior to becoming a member of Aptara's management team, Mr. Ganesan was CEO of Intelliworks, Inc., a CRM software company, and TRADOS, Inc., a globalization software company. Previously, Mr. Ganesan was executive vice president and chief financial officer of Advance Communication Systems, Inc., a $220 million IT services company. He played a key role in ACS' IPO and follow-on offering and was responsible for completing five strategic acquisitions over a three year period.

"The content transformation services space is dynamic and fast-evolving," said Mr. Ganesan. "There is huge potential for almost every organization, regardless of industry, to leverage our technology for competitive advantage. I am excited about leading the company as it enters its next phase of growth and expansion."

The company also announced that American Capital has made an additional financial commitment to the company. Aptara will use the additional funds to finance growth both in the United States and overseas.

About Aptara

Aptara delivers technologically advanced and integrated content transformation solutions that enable customers to unleash the value of their content and uncover new revenue opportunities. Aptara delivers full life-cycle content management services -- content capture, digitization and distribution -- to leading publishers and Fortune Global 500 companies. Aptara also provides solutions to financial institutions, information aggregators, professional societies, government agencies, universities, libraries, and the automotive, petrochemical and pharmaceutical industries. Headquartered in Falls Church, Virginia, the company serves customers around the globe from ISO certified facilities and employs more than 3,500 people worldwide. Aptara has 9 offices across the United States, India, United Kingdom and Australia. For more information on Aptara and its services please visit www.aptaracorp.com.