XING CO-FOUNDER, BILL LIAO, JOINS BOARD OF ZARTIS, IRISH SOCIAL RECRUITMENT COMPANY

international | miscellaneous | press release Tuesday December 13, 2011 16:08 by John Dennehy - Zartis media at zartis dot com +353 21 2429486

Zartis, the new social recruitment software service, today announced that Bill Liao, previously co-founder of German social network, Xing, will join its Board of Directors. Liao will be joined on the Board by Irish entrepreneur, Jonathan Grey. SOS Ventures, the venture capital and investment firm managed by new Dragon, Sean O’Sullivan, AIB Seed Capital Fund and Jonathan Grey have also invested in AssemblyPoint Limited, the holding company which owns Zartis.

For Immediate Release 13th December 2011 XING CO-FOUNDER, BILL LIAO, JOINS BOARD OF ZARTIS, IRISH SOCIAL RECRUITMENT COMPANY CORK, IRELAND: December 14, 2011 – Zartis, the new social recruitment software service, today announced that Bill Liao, previously co-founder of German social network, Xing, will join its Board of Directors. Liao will be joined on the Board by Irish entrepreneur, Jonathan Grey. SOS Ventures, the venture capital and investment firm managed by new Dragon, Sean O’Sullivan, AIB Seed Capital Fund and Jonathan Grey have also invested in AssemblyPoint Limited, the holding company which owns Zartis. Zartis is an Irish cloud-based software business founded by Internet entrepreneur, John Dennehy. Launched in September 2011, Zartis provides companies with the underlying processes, workflow and tools to attract and recruit candidates through the use of social media. The service is free for small businesses. The market for talent management systems including social recruitment is valued at over $27bn and is growing rapidly. Bill Liao is an entrepreneur, philanthropist, diplomat, speaker and author. He is a co-founder of the social network service XING and CEO of Finaxis AG, a privately held company in the financial services industry. In 2011, Mr. Liao joined SOS Ventures as their European Venture Partner specialising in Internet and social media. Jonathan Grey is CEO of Ovation Incentives, a global incentive, reward and motivation solutions provider based in London. The company this year joined the The Sunday Times Tech Track 100, a list of the UK’s fastest growing tech companies. Both Bill and Jonathan used Zartis to help find and hire new talent for their own companies before investing. “We can see that Zartis is at the intersection of three exciting and fast-moving industries – cloud commerce, social networks and talent management. With Zartis, companies can fully exploit the potential of social networks for both attracting and recruiting candidates.” said SOS Ventures partner and new Zartis Board Director, Bill Liao. “We hope ‘SOSVentures’ investment in Zartis will help accelerate the profitable growth of what is an exciting Irish software story.” “I’m delighted that AIB Seed Capital reinvested in our company, and I'm equally excited to welcome our two new shareholders, one of which is from a $140m fund,” said Dennehy. “The funding will be used to continue product development from our Cork office and sell our service globally.” ENDS Media Contacts: John Dennehy Email: [email protected] Phone: +353 21 2429486 About Bill Liao Bill Liao, entrepreneur, business mentor, speaker, philanthropist, diplomat and author, is a co-founder of the social network service XING and CEO of Finaxis AG, a privately held company in the financial services industry. In 2011 Liao joined SOS Ventures as their European Venture Partner specialising in Internet and social media. Bill is a special diplomatic envoy for St Kitts and Nevis, with a special interest in sustainable development and the environment. He is also founder of WeForest.org, an international not-for-profit organization combating global warming in the most natural way possible by reforesting previously degraded land. Bill is dedicated to the vision that business and enterprise, conducted fairly and with respect for the environment, can and will create a better environment for work, life and the world that we all share. This vision is captured in his book: Stone Soup; a Secret Recipe for Making Something from Nothing. About Jonathan Grey Jonathan Grey is the founder and Managing Director of Ovation Incentives, a leading incentive, reward and motivation solutions provider based in London. Founded in 2001, Ovation Incentives was recently included in The Sunday Times (UK) Tech Track 100 List and is recognised as a thought leader in the incentive and motivation industry. Ovation Incentives’ clients include Philips, Vodafone, Nike, Verizon and Regus. Jonathan is originally from Cork, Ireland. About AIB Seed Capital The AIB Seed Capital Fund was established in 2007 to provide venture capital for companies at the seed and early stages of development across a range of sectors throughout the Republic of Ireland. The fund has a total of €53 million under management.