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Gracenote Appoints SRS as Stockholder Representative in Sony Acquisition

Shareholder Representative Services (SRS) (http://www.shareholderrep.com), the first and only company specializing in post-closing shareholder representation in private M&A transactions, today announced that it has been appointed as the representative of the former stockholders of digital media company Gracenote, Inc. following its recent acquisition by Sony Corporation of America.

The principal selling shareholders of Emeryville, California-based Gracenote include Bessemer Ventures Partners.

"SRS takes a process that has often been problematic and makes it simple. In particular, SRS's unique Escrow Central service provides an extremely useful way for shareholders to track and monitor their escrow balances and status," stated Scott Ring, General Counsel of Bessemer Venture Partners. "This service is an especially valuable tool to allow us to easily stay on top of escrows on multiple deals since SRS consolidates reporting across multiple transactions."

SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions. As shareholder representative, the firm manages post-closing matters including handling claims by buyers for damages related to breaches of representations or warranties, communicating with escrow agents and other parties to the transaction, and resolving other matters that may arise following closing.

"Many investors initially thought of SRS as a way to outsource a job that they didn't like, but we are really much more than that," stated Mark Vogel, Managing Director, SRS. "With SRS, investors are able to mitigate any risk they would otherwise incur with being the shareholder representative while getting professional management of all post-closing issues. Our Escrow Central product allows the former stockholders to be better informed about the status of their escrowed money and to more easily manage internal cash flows."

For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.

About Shareholder Representative Services

Headquartered in Denver and with offices in Silicon Valley and San Francisco, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies - identifying the next deal and managing the rest of their portfolio - rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders.More information on the company can be found at http://www.shareholderrep.com.

Contact:

Lori Teranishi

VPG LLP

Phone: 415-981-1964

Email: lteranishi(at)vpgllp.com

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