Foster City, CA - May 18, 2011

Rearden Commerce Appoints Chief Financial Officer

Former Nokia CFO Rick Simonson brings extensive global experience in operations, finance, and capital markets & banking to fast-growing company

Rearden Commerce, a next-generation eCommerce platform company, today announced the appointment of Rick Simonson as Chief Financial Officer and President, Business Operations. A seasoned executive with extensive global experience in operations, finance and capital markets, Mr. Simonson will be responsible for driving operational efficiencies, managing cost-effective growth, allocating capital strategically while assisting with the expansion of the company's ecosystem.

"We are thrilled to welcome Rick to our rapidly growing ranks," said Patrick Grady, Chairman and CEO, Rearden Commerce. "As we accelerate into our next phase of growth, the company will greatly benefit from Rick's demonstrated leadership capabilities and rare combination of substantial operating, finance and capital markets experience."

Rick Simonson said, "Rearden Commerce is working to revolutionize the way individuals interact with the web, by putting the web to work for people. I am energized by the prospect of helping the team reach the full potential of its vision."

Mr. Simonson served as Nokia Corporation's CFO for six years before leading the company's Mobile Phones business. As CFO, Mr. Simonson had responsibility for group Finance and Control, Internal Audit, Treasury, Investor Relations, Mergers & Acquisitions, Indirect Sourcing and Venture Capital Investments. During his tenure at Nokia, Rick was a member of the Group Executive Board of Nokia for six years.

Prior to Nokia Corporation, Mr. Simonson spent 16 years in banking most of which were at Bank of America Securities based in San Francisco, where his last position was Managing Director & Head of Global Project Finance, Global Corporate & Investment Bank. Global Project Finance provided advisory and debt capital raising services to major global operators and vendors in the Telecommunication, Power, Oil & Gas and Infrastructure industries.

Mr. Simonson serves as Lead Director of Electronic Arts and as a member of the Board and Audit Committee Chair of Silver Spring Networks. He is also a Trustee of the International House – New York, a not for profit educational organization. Mr. Simonson holds a bachelor's degree in science and mining engineering from the Colorado School of Mines, and a master's degree in business administration and finance from the Wharton School of Business at the University of Pennsylvania.