Visual Effects Software Leader GenArts Hires Katherine Hays as CEO

GenArts, a leading provider of visual effects software for the film, broadcast and video industries, announced today that former Massive, Inc. Chief Operating Officer and Co-Founder Katherine Hays has been hired as CEO.

Hays helped found and establish Massive, Inc., which was acquired by Microsoft in 2006, as one of the industry's first and most innovative dynamic in-game advertising companies. As CEO, Hays will play a critical role in strengthening GenArts' technological leadership position, expanding its share of the high-growth video content creation market and providing digital artists with the solutions they need to reach audiences with even higher quality aesthetic content.

Critical to these objectives is the build-out of GenArts' core visual arts software, Sapphire Plug-ins. A collection of more than 200 state-of-the-art image processing and synthesis effects, GenArts' innovative Sapphire Plug-ins have allowed for unprecedented sequences in a number of major Hollywood productions.

"GenArts is a company that has made a name for itself bringing software innovation to visual effects for leading content creators and post production artists in the film and television marketplace," said Hays. "Part of GenArts' success is its ability to understand and anticipate customer needs and develop elegant technical solutions to meet these needs. As the visual effects industry evolves, I look forward to continuing this customer dialogue, which I believe will set a strong foundation for delivering new and innovative offerings while maintaining artistic excellence within our current suite of tools."

Insight Venture Partners, a leading private equity and venture capital firm which invested in GenArts in February 2008, cites the funding and Hays' appointment as part of a strategy to build on the quality of GenArts' product suite, deep technological expertise, its reputation across its customer base and the broader opportunity in the industry for growth.

"We invested in GenArts because of its market-leading technology, loyal customers and tremendous growth potential," said Ben Levin, managing director at Insight. "We believe that we can further the company's historical success through continued product innovation, market development and partnerships, and the investment in world-class talent. GenArts is a company with great people, products and customer loyalty. Katherine Hays will bring outside experience that can fuel growth of the company and this industry, while leveraging GenArts' core culture of quality and existing understanding of its customers."

GenArts Founder and President Karl Sims will continue playing a leading role in the company, focusing on building new software and leading the company's technical innovation and product vision going forward. "GenArts is clearly ready to enter a new chapter, which comes at a time when the broader market is poised for exciting change," said Sims. "This new investor relationship, coupled with the addition of an accomplished and experienced CEO in Katherine, should position GenArts to successfully meet our growing market opportunities."

GenArts Sapphire Plug-ins allow film, commercial, broadcast, and episodic content producers to bring to life some of the most innovative audience experiences in entertainment. Sapphire Plug-ins have helped revolutionize the industry's visual effects capabilities, allowing for groundbreaking sequences in such major productions as Spider-Man and The Matrix trilogy and the blockbuster television series Lost from ABC. Sapphire Plug-ins were used to create unique visuals in some of the most popular videos of music icons Coldplay, Madonna and U2.

GenArts Sapphire Plug-ins integrate seamlessly into the editing and compositing systems of its key host partners -- Apple Inc, Adobe, Autodesk, Avid, Eyeon and Quantel.

About GenArts

Founded in 1996 in Cambridge, Mass., GenArts, Inc. is the premier provider of digital visual effects plug-ins for the film, broadcast and video industries. Their product, Sapphire Plug-ins, equips digital artists with a collection of over 200 state-of-the-art image processing and synthesis effects such as: Glows, EdgeRays, LensFlare, Lightning, FilmEffect, Warps and Textures. The effects seamlessly integrate into a number of editing and compositing systems including: Adobe(R) After Effects(R), Premiere(R) Pro and Premiere(R) Elements; Apple(R) Final Cut Pro(R), Final Cut Express(R), Motion(R) and Shake(R); Avid(R) AVX Products; Autodesk(R) Compositing & Editing Systems, and Combustion(R); Eyeon(R) Fusion(R); and Quantel(R) generationQ products.

Sapphire Plug-ins have become the industry standard for high-end visual effects creation by providing unrivaled image quality, a unique organic look, and ease of use. They have been used extensively in an array of television programs, music videos and feature films, including Iron Man, Indiana Jones and the Kingdom of the Crystal Skull, The Hulk, Spider-Man 1, 2 and 3, The Chronicles of Narnia, The Lord of the Rings trilogy, Star Wars - Episode I, II and III, Sin City, The Matrix trilogy, X-Men 1, 2 and 3, Titanic, Lost and CSI. Additional GenArts product information can be found at http://www.genarts.com.

About Insight Venture Partners

Insight Venture Partners has raised more than $3 billion in capital to invest in 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 http://www.insightpartners.com.