The Company

Description of the Company

Actua Corporation (together with its subsidiaries, “Actua”), which was formed on March 4, 1996, is a multi-vertical cloud technology company with offerings that it believes create unique and compelling value for our customers and provide transformative efficiency to vertical markets worldwide. As of December 31, 2015, Actua owned four businesses, each of which addresses the needs of a specific vertical market or industry: Bolt Solutions Inc. (“Bolt”), Folio Dynamics Holdings Inc. (“FolioDynamix”), GovDelivery Holdings, Inc. (“GovDelivery”), and VelocityEHS Holdings, Inc. (formerly MSDSonline Holdings, Inc.) (“VelocityEHS”). Please refer to Item 1 of this annual report on Form 10-K – “Business” for a more detailed description of Actua and its businesses.

Basis of Presentation

The Consolidated Financial Statements contained herein (the “Consolidated Financial Statements”) include the accounts of Actua Corporation and its wholly-owned subsidiaries and majority-owned subsidiaries.

Actua’s Consolidated Balance Sheets as of December 31, 2015 and 2014 primarily include the financial position of the following majority-owned subsidiaries: (1) Bolt, (2) FolioDynamix, (3) GovDelivery, and (4) VelocityEHS. Actua’s Consolidated Statements of Operations and Comprehensive Income (Loss) (its “Consolidated Statements of Operations”) for the years ended December 31, 2015, 2014, and 2013 included the results of the following majority-owned subsidiaries:



Year ended December 31,
2015	2014	2013
Bolt	Bolt	Bolt
FolioDynamix	FolioDynamix ⁽¹⁾	GovDelivery
GovDelivery	GovDelivery	VelocityEHS
VelocityEHS	VelocityEHS

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⁽¹⁾ On November 3, 2014, Actua acquired all of the issued and outstanding stock of FolioDynamix. The results of operations of

FolioDynamix are included on Actua’s Consolidated Statements of Operations from that date. See Note 4, “Consolidated Businesses,” for additional information regarding Actua’s acquisition of FolioDynamix.