Internet Capital Group



ICG’s leadership team brings a wealth of management, financial and technology expertise to bear in order to help grow our leading cloud-based software and solutions businesses. Our team members’ careers have spanned high-tech startups to Fortune 500 operations. They have extensive hands-on experience at identifying and building winning companies, making them invaluable resources for our cloud businesses.


Walter Buckley
Co-founder and Chief Executive Officer

Walter is co-founder, Chief Executive Officer and Chairman of the Board of ICG. Prior to ICG, Walter was Vice President of acquisitions for Safeguard Scientifics, Inc., where he led many of Safeguard's investments through the mid-1990s, including Diamond Technology, ChromoVision and Video Server. He also was responsible for developing and executing Safeguard's multimedia and Internet investment strategies.

Before Safeguard, Walter was President and co-founder of Centralized Management Systems, Inc., a medical supply company, which he sold in 1987. Previously, he spent three years at CoreStates in the commercial lending group.

Walter was included in Business Week's 2000 "eBiz 25," listing of the 25 most influential people in electronic business, Price Waterhouse honored Walter with its “Entrepreneur of the Year” in 2000, and the Greater Philadelphia Venture Group honored him with its "Entrepreneurial Excellence Award" in June 2000.

In addition to serving as Chairman of the Board for ICG, Walter sits on the board of Procurian. He is Chairman of the Starfinder Foundation, a non-profit organization, the Board of Advisors of the Carolina Entrepreneurial Initiative and on the Board of Visitors of the Kenan-Flagler Business School at University of North Carolina at Chapel Hill.

Education: University of North Carolina at Chapel Hill, B.A., political science
Board Seats: ICG (ICGE)



Doug Alexander


An original member of ICG's advisory board, Doug joined the company full-time in September 1997 as Managing Director, and was appointed President of ICG in January, 2009. Doug has had many roles at ICG including CEO of WiseWire Technologies, which was acquired by Lycos; Chairman of Verticalnet through its IPO; CEO of ICG Europe; CEO of, which was later acquired by Navteq and CEO of Channel Intelligence, which was acquired by Google. In addition to these roles, Doug's primary focus at ICG has been to sponsor and oversee several partner companies that have included Blackboard (Nasdaq: BBBB), Verticalnet (Nasdaq:VERT), eMerge Interactive (Nasdaq: EMRG), Arbinet-thexchange (Nasdaq: ARBX), WiseWire (acquired by Lycos), LinkShare (acquired by Rakuten), CreditTrade (merged with Creditex Group), Creditex (acquired by IntercontinentalExchange (NYSE: ICE)), StarCite (Acquired by Active (Nasdaq: ACTV)), (acquired by Navteq), ClickEquations (acquired by Channel Intelligence), Channel Intelligence (acquired by Google) and Investor Force (acquired by MSCI (NYSE: MSCI)).   Additionally, Doug serves as the co-Chairman of NFTE Philadelphia, is a member of the President's Advisory Board for Eisenhower Fellows, a member of the Wharton Future of Advertising Global Advisory Board and is Chairman of the Management & Technology Executive Board at the University of Pennsylvania.

Prior to joining ICG, Doug co-founded Reality Online in 1989. Reality Online was an early innovator in the development of award-winning financial planning tools and online services aimed at the individual investor. With the advent of the Internet, Doug transformed the company into a leading provider of Internet solutions to the retail brokerage industry, and then sold the company to Reuters in February 1994. Over the following 3 years, Doug became a key contributor to Reuters' many Internet initiatives and a frequent speaker on the Internet and its impact on the financial services industry. Prior to co-founding Reality Online, Doug was a partner with Strategic Management Group, a corporate training firm and three-time Inc. 500 company.

Education: University of Pennsylvania, B.S., Electrical Engineering; Wharton School of Business at the University of Pennsylvania, B.S., Economics
Board Seats: Bolt, GovDelivery, myList



Kirk Morgan

Chief Financial Officer

Kirk is Chief Financial Officer at ICG. His responsibilities include the oversight of all of ICG's internal financial operations, including accounting, budgeting, internal controls, financial systems and internal and external reporting.

Prior to joining ICG in 1999, Kirk was an audit manager in the Philadelphia office of PricewaterhouseCoopers, LLP, where he was a member of the middle market and growing company practice. Kirk is a CPA and member of the American and Pennsylvania Institute of Certified Public Accountants.

Education: Pennsylvania State University, B.S., Accounting, 1989
Board Seats: MSDSonline



Karen Greene

Managing Director

Karen is a Managing Director at ICG. She has over 20 years of experience in investor relations, marketing communications and business development. Prior to joining ICG in 2001, she was part of the Safeguard investor relations and corporate communications team, working closely with the investment community as well as some of Safeguard's partner companies. Karen started her career in 1990 as a part of the investor relations team at CIGNA, and went on from there to hold a number of financial and marketing communications roles within CIGNA, and then externally as a consultant to several healthcare-related organizations. Karen is a member of NIRI National as well as the Philadelphia chapter of NIRI.

Education: University of Rochester, B.A.; Temple University School of Business, MBA in finance and marketing



Kyle Johnson


Kyle is an Associate at ICG. His responsibilities include sourcing, evaluating, and executing new acquisitions. He joined ICG from AOL’s Corporate Development group, where he evaluated and executed numerous transactions, including the acquisition of Kyle started his career at Aleutian Capital Partners, and focused on providing buy and sell-side advisory services to the lower middle-market.

Education: Assumption College, B.A., Economics. University of Rochester, M.S. Finance.



John Loftus

Managing Director

John is a Managing Director at ICG. In this capacity, he leads acquisitions of partner companies and works with entrepreneurs to build great companies.

John has over 20 years of experience as a serial entrepreneur, private equity investor and operational executive. Prior to joining ICG, John was the founder of the Swinford Group LLC a management consulting firm focused on growth strategies and turnaround situations in private equity-backed and Fortune 1000 companies.

Prior to forming the Swinford Group, John was the Manager Director and Executive Vice President for all technology investments at Safeguard Scientifics, Inc (NYSE: SFE). For Safeguard, he was an active director on partner company boards, led new and follow-on investments, and multiple successful exits, including the sale of Mantas to Oracle (NASDAQ: ORCL).  Prior to joining Safeguard, John co-founded Gestalt LLC which focused on software solutions for government and energy customers and successfully was sold to Accenture (NYSE:ACN). John also served as Senior Vice President of Breakaway Solutions, where he managed all strategy and consulting engagements, and was part of the senior management team that took Breakaway Solutions public. Prior to Breakaway Solutions, John was the Senior Vice President and CTO of WPL Laboratories, which earned recognition as an Inc. 500 company. Early in his career, John held executive positions at PECO Energy and GE.

Education: B.E.E., M.S.E.E, and M.S.C.S from Villanova University and a M.S.O.D. from the University of Pennsylvania.
Board Seats: Bolt, GovDelivery, MSDSonline, Symbio



Vincent Menichelli

Managing Director

Vince is a Managing Director at ICG and has been with the company since May 2000. Vince primarily focuses on overseeing ICG's investments, providing strategic, operational and financial guidance to ICG's partner companies and evaluating new acquisition opportunities.

Prior to joining ICG, Vince spent nine years with Arthur Andersen LLP and Coopers & Lybrand LLP, most recently as a Senior Manager in the technology practice of Arthur Andersen LLP. In these roles, Vince provided management consulting services including financial analysis, market research, merger and acquisition transaction support, due diligence and business valuation as well as audit and accounting services across a broad range of industries. In addition, he worked with clients on numerous venture capital investments, acquisitions, initial public offerings and company sales.

Education: Lehigh University, M.B.A., finance; Bloomsburg University, B.S., accounting
Board Seats: Bolt, GovDelivery




Lee Miller


Lee is an Associate at ICG. His responsibilities include sourcing, evaluating, and executing new acquisitions. He joined ICG from PricewaterhouseCoopers Transaction Services group, where he provided M&A advisory and financial due diligence services to numerous strategic and financial clients on deals ranging from $5 million to $6 billion in enterprise value. Lee started his career in PricewaterhouseCoopers Assurance practice, providing auditing and accounting services to a variety of public and private companies within the financial services industry.

 Education: Penn State University, B.S., Accounting and International Business



Suzanne Niemeyer

General Counsel, Managing Director & Secretary

Suzanne is General Counsel, Managing Director and Secretary of ICG. Suzanne has been with ICG since January 2000 and manages all aspects of ICG’s legal function.  She has been responsible for evaluating, structuring and negotiating dozens of complex acquisitions, dispositions and restructurings.  She advises ICG’s management and Board of Directors on a diverse range of legal issues, provides legal support to ICG’s partner companies and participates in the development of ICG’s business strategy.  She oversees ICG’s compliance with securities laws and other regulatory matters and is responsible for establishing corporate governance policies and practices.

Prior to joining ICG, Suzanne practiced in the business department at Dechert LLP, where she was a member of the mergers and acquisitions and corporate and securities practice groups.

While at Georgetown University Law Center, Suzanne was a notes editor for Law and Policy in International Business.

Education: Duke University, B.A., cum laude; Georgetown University Law Center J.D., cum laude



Scott Powers

Vice President, Legal and Assistant General Counsel

Scott joined ICG in May 2006. He provides legal advice to ICG management in connection with mergers, acquisitions, dispositions and other corporate transactions. Scott also focuses on ICG’s and its partner companies’ compliance and other general corporate legal matters, including ICG’s compliance with the requirements of the U.S. Securities and Exchange Commission.

Prior to joining ICG, Scott practiced in the business department at Dechert LLP, where he was a member of Dechert’s mergers and acquisitions and corporate and securities practice groups.

At the James E. Beasley School of Law at Temple University, Scott was an Associate Research Editor of the Temple Law Review.

Education: Fordham University, B.S., summa cum laude, economics; James E. Beasley School of Law at Temple University, J.D., cum laude


Philip Rooney

Vice President, Treasury & Tax

Phil is Vice President of Treasury and Tax at ICG. His responsibilities include managing ICG's internal tax planning and compliance, structuring acquisitions and dispositions and managing treasury operations. In addition, Phil is responsible for ICG's human resources functions as well as managing certain of its partner companies. Prior to joining ICG, Phil worked for 15 years with KPMG LLP and Price Waterhouse LLP.

Phil is a CPA and member of the American and Pennsylvania Institutes of Certified Public Accountants and Tax Executive Institute.

Education: Drexel University, B.S., accounting