ABRY Partners Announces Investment in iTradeNetwork, Inc.

BOSTON (January 16, 2006) - ABRY Partners recently invested $20 million in Convertible Preferred Stock of iTradeNetwork, Inc. (“iTrade”). iTrade is the leading provider of On-Demand workflow solutions for the Retail and Foodservice industries. iTradeNetwork’s On-Demand solutions exceeded $110B in volume in 2005 and is expected to double in the next eighteen months. iTrade is a rapidly-growing company with high recurring revenues and strong operating margins. The vast majority of iTrade’s revenues are generated from multi-year subscription contracts. ABRY’s investment in iTrade will be used to fund the development of new product offerings, potential acquisitions, and for future expansion both domestically
and internationally.

ABRY Partners, based in Boston, is one of the oldest and largest private equity funds in North America investing exclusively in the media, communications and information industries. ABRY has over $7.0 billion of assets under management and since 1989 has completed over $18.0 billion of leveraged transactions in the media, communications and information industries.

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