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The Company
6 Months Ended
Jun. 30, 2012
The Company [Abstract]  
The Company

1. The Company

Description of the Company

ICG 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 at June 30, 2012 and December 31, 2011 included the financial position of the following majority-owned subsidiaries:

 

     

June 30, 2012

 

December 31, 2011

GovDelivery   GovDelivery
InvestorForce   InvestorForce
MSDSonline (1)   Procurian
Procurian    

ICG’s Consolidated Statements of Operations and Comprehensive Income (Loss) (its “Consolidated Statements of Operations”) for the three and six months ended June 30, 2012 and 2011 include the results of the following majority-owned subsidiaries:

 

             
Three Months Ended June 30,   Six Months Ended June 30,

2012

 

2011

 

2012

 

2011

GovDelivery   GovDelivery   GovDelivery   GovDelivery
InvestorForce   InvestorForce   InvestorForce   InvestorForce
MSDSonline   Procurian   MSDSonline (1)   Procurian
Procurian       Procurian    

 

(1) 

On March 30, 2012, ICG acquired 96% of MSDSonline and began consolidating the financial position of that company as of that date. The results of operations of MSDSonline from the date of acquisition through March 31, 2012 were immaterial; the results of operations of MSDSonline are included in ICG’s Consolidated Statements of Operations beginning on April 1, 2012. See Note 4, “Consolidated Core Companies,” for additional information regarding the acquisition of MSDSonline.