XML 24 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
The Company
12 Months Ended
Dec. 31, 2011
The Company [Abstract]  
The Company
1.

The Company

Description of the Company

ICG Group, Inc. (f/k/a Internet Capital Group, Inc.) (together with its subsidiaries, "ICG") acquires and builds Internet software and services companies that improve the productivity and efficiency of their business customers. Founded in 1996, ICG devotes its expertise and capital to maximizing the success of those companies.

Basis of Presentation

The Consolidated Financial Statements contained herein (the "Consolidated Financial Statements") include the accounts of ICG Group, Inc. and its wholly-owned subsidiaries, wholly-controlled subsidiaries and majority-owned subsidiaries. ICG's Consolidated Balance Sheets include the financial position of GovDelivery, InvestorForce and Procurian as of December 31, 2011 and 2010. ICG's Consolidated Statements of Operations include the results of the following majority-owned subsidiaries:

 

         

Year Ended December 31,

2011

  

2010

  

2009

GovDelivery

  

GovDelivery (1)

  

InvestorForce

InvestorForce

  

InvestorForce

  

Procurian

Procurian

  

Procurian

  

Vcommerce (2)

 

(1) 

On December 31, 2009, ICG acquired a controlling equity ownership interest in GovDelivery. Accordingly, GovDelivery's results have been included in ICG's Consolidated Statements of Operations subsequent to that date. See Note 4, "Consolidated Core Companies."

(2) 

The results of Vcommerce are included in ICG's Consolidated Statements of Operations for the period from January 1, 2009 to August 28, 2009. On August 28, 2009, substantially all of Vcommerce's assets were sold to Channel Intelligence. Accordingly, Vcommerce is not included in ICG's Consolidated Financial Statements following that date. See Note 4, "Consolidated Core Companies."