• Refined our minority holdings, with the sales of Metastorm to OpenText and StarCite to The Active Network yielding approximately $80 million to ICG
• Identified and completed strategic tuck-in acquisitions at Procurian (f/k/a ICG Commerce) and GovDelivery
•Repurchased 841,000 shares in 2011 for $8.6 million (to date have repurchased 3.7M shares for $24.3M)
–Increased total authorization to $50M with $25.7M of availability remaining
• Achieved $140.5M of core consolidated revenue in 2011, an increase of 19% over 2010
• Reported net income of $27.6M in 2011, reflecting the continuing improvement in our operating results and gains on the sales of Metastorm and StarCite
• Ended 2011 with over $144M of consolidated cash and a debt-to-equity ratio of less than .10 to 1
• We acquired a 96% ownership stake in MSDSonline for approximately $48 million, building out our Government and Compliance sector
• Best bookings quarter in our history; Procurian, GovDelivery and InvestorForce transformed late-stage pipeline opportunities into important contracts
• Expect accelerating growth beginning in the second quarter, which is reflected in the recent increase in ICG’s 2012 guidance
– Revenue guidance range was $150m to $160m - now $165m to $175m
– Ebitda guidance range was $16m to $18m - now $17m to $19m |
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