This appointment reflects General Atlantic's continuing commitment to build and expand its global team of nearly 70 investment professionals, and its strong view of continued opportunities in India, where it has invested nearly $500 million. General Atlantic manages approximately $10 billion, investing between $800 million and $1 billion per year in growth, recapitalization and buyout opportunities worldwide. The firm focuses on companies for which information technology or intellectual property is a key driver of growth.

Abhay Havaldar, GA's Managing Director in India, commented, "We are pleased to have Raul join our team in India. Raul has developed a strong network of global relationships through his deep understanding of growth businesses. His knowledge of the U.S. and European capital markets and his operational and investment banking experience directly supports our India team's efforts to identify and forge long-term partnerships with strong management teams to build lasting value in their businesses."

Prior to joining General Atlantic, Mr. Rai had been Managing Director and Global Co-Head of Software Technology Investment Banking at UBS Investment Bank. From 1996 to 2000, he was with Goldman Sachs in New York and London, ultimately as Vice President in the Communications, Media & Technology group. From 2000 to 2002, he was Corporate Strategy and Planning Director of Vizzavi Ltd., a London-based joint venture between Vodafone and Vivendi. Mr. Rai received his MBA from Harvard Business School in 1996, where he graduated as a Baker Scholar, and he graduated magna cum laude with a degree in Computer Science and Economics from Boston University in 1991.

Steven A. Denning, General Atlantic's Chairman, said, "GA has pursued a multifaceted approach in India, focusing on investing in companies serving the Global 2000 and in firms benefiting from the explosive growth in India's domestic economy. Moreover, GA and our India team provide direct support to our portfolio companies as many of them look to transform operations by capitalizing on services available in India. Raul's experience supports this strategy and complements our strong existing team based in Mumbai."

Mr. Rai commented, "General Atlantic has an exceptionally integrated global approach to identifying, investing in and helping to develop and grow high quality companies. I look forward to working with Abhay and the team in India, as well as the entire GA organization globally."

General Atlantic opened its office in Mumbai in 2002. Its investments in India include Patni, Genpact, Jubilant and Daksh (sold to IBM in 2004).