1. The Company

Description of the Company

Actua Corporation (together with its subsidiaries, “Actua” (f/k/a ICG Group, Inc.)) was formed on March 4, 1996 and is a multi-vertical cloud technology company with offerings that create unique and compelling value for our customers and provide transformative efficiency to vertical markets worldwide.

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, 2014 and 2013 primarily include the financial position of the following majority-owned subsidiaries:

As of:
December 31, 2014		December 31, 2013
Bolt		Bolt
FolioDynamix (1)		GovDelivery
GovDelivery		MSDSonline
MSDSonline

Actua’s Consolidated Statements of Operations and Comprehensive Income (Loss) (its “Consolidated Statements of Operations”) for the years ended December 31, 2014, 2013 and 2012 included the results of the following majority-owned subsidiaries:

Year Ended December 31,
2014	2013	2012
Bolt	Bolt (2)	GovDelivery
FolioDynamix (1)	GovDelivery	MSDSonline (3)
GovDelivery	MSDSonline
MSDSonline

⁽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.

⁽²⁾

On December 27, 2012, Actua acquired additional equity ownership interests in Bolt, increasing Actua’s ownership in that company to 53%; Actua began consolidating the financial position of Bolt as of that date. The results of operations of Bolt from the date of acquisition through December 31, 2012 were immaterial to Actua; accordingly, the results of operations of Bolt are included on Actua’s Consolidated Statements of Operations beginning on January 1, 2013. See Note 4, “Consolidated Businesses,” for additional information regarding Actua’s consolidation of Bolt.

⁽³⁾

On March 30, 2012, Actua 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 Actua’s Consolidated Statements of Operations beginning on April 1, 2012. See Note 4, “Consolidated Businesses,” for additional information regarding Actua’s acquisition of MSDSonline.