ICG Company Channel Intelligence to be Acquired by Google

ICG Company Channel Intelligence to be Acquired by Google

RADNOR, Pa., Feb. 6, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE)
("ICG") is pleased to announce that one of its consolidated companies, Channel
Intelligence, Inc. ("CI"), has entered into a definitive agreement to be
acquired by Google Inc. (Nasdaq:GOOG) for $125 million in cash. The
transaction, which is subject to customary closing conditions, is expected to
be completed in the first quarter of 2013.

ICG is expected to realize approximately $60.5 million in connection with the
transaction. A portion of ICG's proceeds will be held in escrow and will be
subject to potential identification claims.ICG does not expect to owe any
income taxes in connection with the transaction.

"Building upon the perseverance and strong foundation laid by CI's founder Rob
Wight, I am extremely proud of the work we accomplished at CI," said Doug
Alexander, CEO of CI and President of ICG. "With the talent and hard work of
the entire CI team, we successfully navigated a very complex marketplace,
ending a record year that culminated in this very exciting acquisition."

"The sale of CI to Google is a testament to the quality of its technology and
its strong team led by ICG President, Doug Alexander, who positioned the
company to succeed in the rapidly growing e-marketing industry," said Walter
Buckley, CEO of ICG. "As drivers and architects of CI's growth and success,
we are very pleased with this outcome."

"I am thrilled to see the recognition of value for what this company has
accomplished," said Rob Wight, Founder and Chairman of CI. "Our vision for CI
started with the desire to simplify the online shopping experience.  Under
the leadership of Doug and ICG, CI greatly enhanced its value proposition to
its customers and partners. I am very proud to see our vision executed to
this great outcome."

About ICG

ICG (Nasdaq:ICGE) identifies, capitalizes and grows companies in the
cloud-based software and services sectors.These companies transform the way
business is done by enabling enterprises to increase efficiencies and improve
and automate critical processes. ICG leverages its unique expertise to
carefully identify companies based on their potential to become
market-changers and market-leaders. ICG is focused on building profitable
businesses in the cloud-based software and services sectors by infusing them
with management expertise, strategic and operational guidance, as well as
growth capital.

The ICG logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7794

About Channel Intelligence

Channel Intelligence helps marketers outperform online with its CI Boost
services: Facebook Platform, Where-to-Buy, Product Search Engines and Shopping
Engine solutions.Relied upon by companies such as Target, Philips, HP, Neiman
Marcus, Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US
transactions online and drives $2 billion in sales annually in referred sales
online in computing products, home improvement products, appliances, consumer
electronics, toys and a variety of other consumer packaged goods. CI is owned
by ICG and Aweida Capital Management.Learn more at
www.channelintelligence.com.

Safe Harbor Statement under Private Securities Litigation Reform Act of 1995

The statements contained in this press release that are not historical facts
are forward-looking statements that involve certain risks and uncertainties,
including but not limited to risks associated with the uncertainty of future
performance of our companies, acquisitions or dispositions of interests in
companies, the effect of economic conditions generally, capital spending by
customers, development of the e-commerce and information technology markets
and uncertainties detailed in our filings with the Securities and Exchange
Commission.These and other factors may cause actual results to differ
materially from those projected.

CONTACT: Investor inquiries:
         Karen Greene
         ICG
         Investor Relations
         610-727-6900
         IR@icg.com

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