Adds to Board of Directors

June 29, 2009 –, Inc., a provider of on-demand compensation, payroll and talent management solutions, has appointed William C. Martin to its board of directors. Mr. Martin is currently chairman and chief investment officer of Raging Capital Management, LLC, a private investment partnership based in Princeton. He is also the co-founder and principal of Indie Research, LLC and InsiderScore, LLC, providers of proprietary investment research tools for individual and institutional investors. Mr. Martin also co-founded Raging Bull, an online financial media company. “Our board members are very excited to be working with Bill, and we look forward to his contributions. His deep experience in content-driven, on-demand businesses and his success as a public and private market investor position Bill to add value to our growth story,” said Kent Plunkett, chairman and CEO of “Bill has served as a director of Bankrate, Inc. since 2000, and has helped the company grow its business and create significant shareholder value. He shares’s vision of on-demand HR software’s future, and is a large shareholder of the company.”

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