HealthcareSource Hires Peter Segall as CEO

WINCHESTER, Mass., June 2, 2008 – HealthcareSource, the leading provider of talent management software solutions to the healthcare industry, today announced additions to its senior management team to further its growth and market leadership. Peter Segall, a veteran of the enterprise software and services industry, joins the company as CEO in June 2008. Steve Ludwig, co-founder of HealthcareSource, will remain involved with the company’s business and product strategy and development.

Insight Venture Partners, which invested in HealthcareSource in February 2008, cites the move as part of a strategy to build on HealthcareSource’s large customer base, industry-leading job board, high customer satisfaction, and deep healthcare human resources expertise. ”We invested in HealthcareSource because of its past success and fundamentals for growth,” said Jeff Lieberman, Managing Partner at Insight. “We believe that we can further this success through product investment, market development, and additional management expertise. This is a company with great people, products and customer loyalty. Peter Segall will bring outside experience that can fuel growth while maintaining its core culture of understanding its customers and treating them well.” Insight Venture Partners (www.insightpartners.com) is a leading private equity and venture capital firm focused on the global software and Internet industries.

Segall will lead company strategy and execution. He was previously President North American Higher Education and Operations at Blackboard Inc., a leading provider of e-Education enterprise software applications and services, where he had management responsibility and oversight for all aspects of the division’s academic business and operations, including sales, marketing, services, product development, customer support, and business development. Prior to that, Segall was the Executive Vice President and a board member at WebCT, Executive Director of Harvard University's Project ADAPT, and a Consulting Partner at Coopers & Lybrand LLP. He received his B.A. in Physics from Brown University and his Masters of Math and Science Education from the Harvard Graduate School of Education.

HealthcareSource also announced the hiring of Burt Rubenstein as Chief Technology Officer and Michael DiPietro as Vice President of Marketing. Rubenstein has a long and successful record as CTO at numerous technology companies, including Emptoris, Genuone, Yankeetek Ventures and Cambridge Technology Partners. He is a graduate of M.I.T. School of Engineering and M.I.T. Sloan School of Management. DiPietro was a long-time Vice President in marketing at Kronos, Inc. and more recently was Vice President of Marketing at Perillon Software. He is a graduate of the University of Connecticut.

About HealthcareSource
HealthcareSource is the leader in talent management solutions for healthcare, used at over 1,000 healthcare facilities. We help healthcare organizations acquire, develop and retain the best workforce possible in order to maximize the quality and efficiency of patient care. HealthcareSource Software-as-a-Service solutions include applicant tracking, onboarding, performance management and the leading healthcare Internet job board. We focus exclusively on healthcare, are an established and financially strong company, and have 98%+ customer satisfaction and retention. Learn more at www.healthcaresource.com.

About Insight Venture Partners
Insight Venture Partners has raised more than $2 billion in capital to invest in leading software, technology and Internet services companies. From their New York headquarters, Insight takes a global approach to investing, providing hands-on execution and strategic advice to ensure their portfolio companies benefit from Insight’s cumulative operational and financial experience. Insight, founded in 1995, invests in, and partners with, expansion stage and mid-market transactions to create long-term value for all stakeholders. For additional information, visit their Web site at www.insightpartners.com.

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