Press Release

Media Contact: Kelsey Ill
(857) 221-9772
kelseyill@eduventures.com

EDUVENTURES STRENGTHENS EXECUTIVE MANAGEMENT TEAM

New Additions Expected to Keep Company on Fast Growth Track and
Reinforce its Market-Leading Position

(Boston, MA) August 6, 2007 - Eduventures, the leading collaborative research and consulting firm for higher education, has announced the appointment of three seasoned sales and marketing professionals – Steve Mongeau, Jesse Adelman, and Bill Tedrow – to its senior staff.

Eduventures' newly appointed Senior Vice President of Sales and Marketing, Steve Mongeau, brings to the company more than 20 years of experience leading sales and marketing operations. Most recently, as Senior Vice President at Staples Business Advantage, the fastest growing division in the company's North American delivery business, he directed more than 1,600 associates.

Jesse Adelman joins Eduventures as Vice President of Sales for the firm's growing Learning Collaborative division. Adelman has more than 14 years of direct sales experience, most recently as Principal Consultant in the Sales & Marketing Solutions practice at Dun and Bradstreet (D&B). At D&B Adelman led the sales effort in launching the successful Private Data Portal product and generated six straight years of target overachievement.

Bill Tedrow was Vice President of Marketing for Pegasystems, a $100-million Cambridge, MA-based software company. He has more than 30 years of diverse marketing experience, including having held senior management positions at a number of Boston advertising agencies – Arnold, Hill Holliday, and his own firm, CarrTedrow, among them. Tedrow will serve as Eduventures' Vice President, Strategic and Product Marketing.

"Eduventures has enjoyed tremendous growth because of our commitment to our member institutions and their success," said Thomas Dretler, President & CEO of Eduventures. "The depth, breadth, and scope of our analyst team is second to none and enables us to consistently deliver research and consulting services that meet and exceed client expectations. Eduventures will look to Steve, Jesse, and Bill to leverage this industry-leading capability and build on our forward momentum."

About Eduventures
Eduventures is the industry leader in collaborative research and consulting for higher education. Since its founding in 1993, Eduventures has been committed to the mission of improving education. More than 300 higher education institutions participate in one or more of Eduventures' five Learning Collaboratives: Continuing and Professional Education, Development, Enrollment Management, Online Higher Education, and Student Affairs. In addition to collaborative research, participating members enjoy access to Eduventures' dedicated industry analysts, membership roundtables, on-campus visits, and the ability to analyze issues specific to them. More about Eduventures can be found at http://www.eduventures.com/.