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Company Description (as filed with the SEC)
ICG Group, Inc. (referred to in this Report as “ICG,” the “Company,” “we,” “our,” or “us”) was formed on March 4, 1996 and is headquartered in Radnor, Pennsylvania. We are a multi-vertical cloud technology company with offerings that create unique and compelling value for our customers and provide transformative efficiency to vertical markets worldwide. 2013 was a watershed year for ICG. In December of last year, we sold our largest business, Procurian Inc. (“Procurian”), to an affiliate of Accenture plc (“Accenture”). The sale not only strengthened our balance sheet, as we realized approximately $314 million of cash in the sale, but, even more importantly, along with the dispositions of Freeborders, Inc. (“Freeborders”) and WhiteFence, Inc. (“WhiteFence”), the sale allows us to focus exclusively on our strategy of building market-leading, cloud-based companies that transform specific vertical markets. ... More ...