OUR PEOPLE

Miles Arnone joined American Capital in September 2002 as a Vice President in the Operations Team and was promoted to Principal in 2004 and to Managing Director in 2007.  Mr. Arnone heads the American Capital Technology Group and is based in Boston, MA.  He is involved in the technology group's current investments in FreeConference.com, Inc. and Moxy Media, and serves on the Board of Directors of these companies and others, including Avalon Laboratories Holding Corp., CreditCards.com, Electro-Component Assembly Company, Egenera, Inc., eLynx Holdings, Inc., Futurelogic, Inc., Narus, Inc., Paradigm Precision Holdings, LLC, and Value Plastics, Inc.

Previously, Mr. Arnone was Entrepreneur-in-Residence at Charterhouse Group International, a private equity firm with $1 billion under management.  There, Mr. Arnone was responsible for conducting due diligence and managing portfolio companies.  His assignments included work in the machine tool, electronics, and medical device industries.

Prior to his tenure at Charterhouse Group, Mr. Arnone was President of Boston Digital Corporation, a machine tool builder with approximately $30 million in sales.  While there he authored the reference work High Performance Machining, an implementation guide for recent innovations in CNC machining.  His most recent work, America's Trading Partners: the Good, the Bad, and the Ugly, was published in November 2004.

Mr. Arnone holds graduate degrees in management and engineering from the Massachusetts Institute of Technology and an undergraduate degree in mechanical engineering from MIT as well.

Will Rudat joined American Capital in February 2002 as an Analyst, was promoted to Associate in February 2003, and to Vice President in January 2007 (shortly after returning from a two-year leave to pursue his MBA). Will currently works in the Technology Group, pursuing early and mid stage venture investments, as well as late stage growth equity and leveraged buyout opportunities, in technology-oriented companies. Mr. Rudat is actively involved with portfolio companies Contour Semiconductor, FreeConference.com, and FutureLogic. He serves on the Board of Directors of FreeConference.com, and FutureLogic, and helped complete the sale of People Media to Match.com/IAC (Nasdaq: IACI).

Prior to joining the Technology Group, Will was part of American Capital's Operations Team. There he evaluated and executed investments and operational improvements in support of the restructuring, growth, and exit strategies of more than 15 distressed industrial and consumer products companies, comprising nearly $500MM of invested capital. Mr. Rudat helped complete the sale of 80% of these companies.

Prior to American Capital, Mr. Rudat held corporate development positions with startup telecommunications companies CityNet Telecommunications and NETtel Communications. He started his career as a consultant with Ernst & Young, working primarily in the Financial Services and Aerospace and Defense industries.

Mr. Rudat holds an MBA in Finance and Operations Management from the Wharton School of the University of Pennsylvania, and a BBA in Accounting from the University of Wisconsin, where he was a four-year Division I letterman in swimming. He is a Certified Public Accountant.