finalsite Announces New Chief Financial Officer

  finalsite Announces New Chief Financial Officer

Business Wire

EAST HARTFORD, Conn. -- February 11, 2013

finalsite, a leading online learning and communications platform for the
education industry, today announced that it has hired Jim Calabrese as Chief
Financial Officer.

Mr. Calabrese joins finalsite with over 25 years of expansive professional
experience, primarily with growing software companies. Over the course of his
career, Mr. Calabrese has helped companies pursue acquisitions and organic
growth initiatives and guide businesses through a wide range of debt and
equity financings. Most recently, he served as Chief Financial and Operating
Officer for NetKey, an applications and management software company acquired
by NCR Corporation. Previously, Mr. Calabrese spent eight years as the Chief
Financial and Operating Officer for Vertafore, a software-as-a-service
business serving the insurance vertical.

"We are delighted to add Jim to the finalsite team as we continue to
strengthen and extend the company’s market leadership position,” commented Jon
Moser, CEO and Founder of finalsite. "Jim is a highly talented executive with
a demonstrated track record of growing software businesses. His deep industry
experience in working with businesses like ours will be instrumental in
helping finalsite fulfill its goal of providing best-in-class software
solutions to the educational community."

"I am thrilled to be joining finalsite at such a dynamic time for the company
and the education technology industry,” said Mr. Calabrese. "Jon and the
management team have built a dynamic growth business that is well positioned
to benefit from many accelerating industry tailwinds. It is also a pleasure to
join a company with such an admirable mission in providing state of the art
software and technology solutions to some of the world’s most influential and
prestigious schools. I am looking forward to working with the team to continue
to build on and accelerate the company’s success."

Mr. Calabrese joins finalsite as the company continues to build on its market
leadership position and long track record of profitable growth. finalsite is a
portfolio company of Spectrum Equity, a growth equity firm focused on the
information economy, which made a significant investment in finalsite in June

Mr. Calabrese is a CPA and received his Master’s in Business Administration
from Rensselaer Polytechnic Institute at Hartford.

About finalsite

finalsite's online learning and communications platform is utilized by over
1,000 schools and educational organizations across 48 countries and as many as
1 million unique users per day around the world. The platform facilitates the
distribution of digital content across school communities and in classrooms
via a proprietary, SaaS-based software suite accessed through desktops and
mobile devices. In addition, finalsite's software enables customers to engage
dynamically with a wide range of third party data providers including student
information systems, learning systems and social media applications. finalsite
is based in East Hartford, CT and has 71 employees. For more information,
please visit

About Spectrum Equity

Spectrum Equity is a leading growth equity firm focused on investing in
innovative growth stage businesses in the information economy. Spectrum Equity
has been an active investor in software and information service providers
including iPay Technologies (acquired by Jack Henry & Associates), RiskMetrics
Group (acquired by MSCI), Seisint (acquired by LexisNexis/Reed Elsevier), and
World-Check (acquired by Thomson Reuters), as well as digital media franchises
including (acquired by Permira), Demand Media,,
NetQuote (acquired by Bankrate), Seamless and SurveyMonkey. Founded in 1994
with offices in Boston and Menlo Park, Spectrum Equity has raised $4.7 billion
in capital across six funds.


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(860) 289-3507 ext. 195
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(212) 687-8080 / (415) 618-8750
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