ICG Announces Completion of Sale of Channel Intelligence to Google

ICG Announces Completion of Sale of Channel Intelligence to Google

RADNOR, Pa., Feb. 20, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (Nasdaq:ICGE)
("ICG") is pleased to announce that the acquisition of one of its consolidated
companies, Channel Intelligence, Inc. ("CI"), by Google Inc. (Nasdaq:GOOG) was
consummated today.

ICG realized approximately $60.5 million of cash in connection with the
transaction. A portion of ICG's proceeds were placed in escrow to satisfy
potential indemnification claims under the purchase agreement; subject to any
such claims, the escrowed proceeds will be released to ICG on or around August
20, 2014.

About ICG

ICG provides leading cloud-based software and solutions in procurement,
government, compliance and insurance.ICG's software platforms automate
industry-specific processes that drive growth, cost savings and compliance for
its customers globally. Headquartered in Radnor, Pennsylvania, ICG has more
than 1,000 employees worldwide.For more information, please go to
www.icg.com.

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. 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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