High-Growth CEO Forum™ Member’s IPO Soars

Constant Contact Stock Price Surged 72% on First Trading Day

The Catlin & Cookman Group sends hearty congratulations to High-Growth CEO Forum member Gail Goodman, CEO of Constant Contact® on her company's highly successful IPO in early October. The company, which offers on-demand e-mail marketing services to small businesses and nonprofits, priced its offering of 6.7 million shares at $16 apiece, above the 12 to $14 range it had previously projected in a filing with the Securities and Exchange Commission.

On its first day of trading, investors sent the stock price of the Waltham, MA, based firm soaring 72% to $27.64, making it one of the top 3 2007 IPOs to date. Based on more than 27 million shares outstanding, Constant Contact enjoyed an initial market capitalization of more than $715.5 million.

Goodman has been a member of a Catlin & Catlin Group High-Growth CEO Forums led by partner Bouzha Cookman since 2002. She joined shortly after assuming the CEO role at Constant Contact.

“Gail has grown Constant Contact brilliantly and truly deserves the success the company is enjoying with this significant milestone,” said Cookman. “She exemplifies the extraordinary qualities great CEOs must develop to achieve extraordinary results. Gail knows how to continuously and collaboratively create a customer-focused vision, align employees and investors behind that vision, build the results-oriented culture to execute the vision and make the tough change and transformation management decisions—all within the high-pressure timelines of an investor-backed company with extremely high growth expectations. It has been a privilege to work with her over the past five years, and I look forward to her continued success as a public company CEO!”

Goodman has publicly credited her participation in the forum for helping her master the CEO role. “I fundamentally believe one of the reasons I have been successful is that I am part of a peer mentoring group and specifically the Catlin & Cookman Group's High-Growth CEO Forum,” said Goodman. “The Catlin & Cookman Group, and brings a set of intellectual property around how to build a high growth business and what are the elements of the operating system that come together to create that.”

“One of the things Bouzha is particularly skilled at in leading the forum is blending an agenda that lets us each look at individual issues but also forces us to think beyond today and make sure we're thinking about what's coming down the road,” added Goodman.

Launched in 1998, Constant Contact has expanded from 25,000 customers at the end of 2004 to more than 130,000 by mid-2007. The firm charges between $15 and $150 per customer to run e-mail campaigns and has seen 22 quarters of consecutive growth in customers and revenue since the beginning of 2002. For more information, visit www.constantcontact.com.