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H. Richard Haverstick Jr. Nominated for Election to Actua Board of Directors

RADNOR, Pa., May 02, 2016 (GLOBE NEWSWIRE) -- Actua Corporation (Nasdaq:ACTA) today announced the nomination of H. Richard Haverstick Jr. to its Board of Directors. Mr. Haverstick, currently Treasurer, Trustee and Chair of the Audit, Risk and Compliance Committee of Thomas Jefferson University and Health System, as well as a retired managing partner of Ernst & Young LLP, brings deep expertise in corporate finance, financial reporting and accounting.

During Mr. Haverstick’s thirty nine years with Ernst & Young, he held many senior leadership roles, including Global Financial Services Partner, Managing Partner of the Philadelphia Office, Philadelphia Partner-in-Charge of Financial Services, and Mid-Atlantic and Southeast Region Banking Leader. Over his career, he served clients in a diverse range of industries, including the banking and financial services industries.

“I am quite enthusiastic about joining the Actua Board,” said Richard Haverstick. “My confidence in this team and the long-term potential of the company were compelling factors that attracted me to Actua. I look forward to adding value to the Actua Board and Audit Committee.”

“As we continue to focus on driving strong growth and profitability at Actua, we look forward to welcoming Rich to our Board to help us achieve our goals,” said Walter W. Buckley, chairman and CEO of Actua. “Rich’s breadth of experience in finance and operations will be an asset to our organization.”

Mr. Haverstick has also served a variety of roles at civic and charitable organizations. He currently serves on the Dean’s Council at the Temple University Fox School of Business and as the Chair of the Accounting Department Advisory Board at The Fox School.

About Actua
Actua Corporation (NASDAQ:ACTA), the multi-vertical cloud company, brings the power of the cloud to vertical markets and processes. Actua is pioneering the second wave of the SaaS revolution - the vertical wave - by growing cloud businesses that are transforming their markets. With approximately 800 employees delivering unrivaled domain knowledge, agility and responsiveness to our customers, Actua’s rapidly growing vertical cloud businesses are positioned to lead this wave. For the latest information about Actua and its brands, please go to www.actua.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 within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, risks associated with our ability to compete successfully in highly-competitive, rapidly-developing markets, the valuation of public and private cloud-based businesses by analysts, investors and other market participants, the effect of economic conditions generally, capital spending by our customers, our ability to retain existing customer relationships and secure new ones, developments in the markets in which we operate and our ability to respond to those changes in a timely and effective manner, the availability, performance and security of our cloud-based technology, particularly in light of increased cybersecurity risks and concerns, our ability to retain key personnel, our ability to deploy capital effectively and on acceptable terms, our ability to successfully integrate any acquired business, the impact of any potential acquisitions, dispositions or other strategic transactions, our ability to have continued access to capital and to manage capital resources effectively, and other risks and uncertainties detailed in Actua's filings with the U.S. Securities and Exchange Commission. Those and other factors may cause actual results to differ materially from those projected.

Investor inquiries: Karen Greene Actua Investor Relations 610.727.6900 IR@actua.com

Source:Actua Corporation