Brainshark CEO Joe Gustafson Named Ernst & Young Entrepreneur Of The Year® 2010 Award Finalist in New England

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WALTHAM, Mass. — May 25, 2010 — Brainshark, Inc., the leader in on-demand multimedia for business, today announced that CEO Joe Gustafson is a finalist for the Ernst & Young Entrepreneur Of The Year® 2010 Award for the New England region. A seasoned entrepreneur with extensive experience in the IT and technology-based training industries, Gustafson founded Brainshark in 1999 to dramatically improve the way businesses and businesspeople communicate.

According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities. Gustafson was selected as a finalist from nearly 80 nominations by a panel of independent judges. Award winners will be announced at a special gala event on June 24, 2010, at the Boston Renaissance Waterfront Hotel.

"Entrepreneurship is especially vital as our nation recovers from recession," said Kristin Keating, Ernst & Young LLP Entrepreneur Of The Year Program Chair for New England. "These finalists create jobs in our area, encouraging healthy growth, development and innovation in the local economy."

Under Gustafson's leadership, Brainshark has averaged a 31% year-over-year growth rate throughout the last decade – doubling its profits last year – and is growing its headcount by more than 1/3 throughout 2010. Companies use Brainshark's award-winning platform to create, share and track the impact of voice-enriched, multimedia presentations. With one Brainshark presentation viewed every 3.5 seconds in locations across the world, companies use Brainshark to improve the reach and results of their communications – reducing the costs associated with travel, print and Web conferencing by up to 90%. This past year, Brainshark launched a free site, myBrainshark.com, which allows individuals to use Brainshark's technology at no cost to create powerful, voice-enriched presentations that are instantly available online.

"It's a great honor to be recognized by Ernst & Young as a finalist for this year's Entrepreneur Of The Year Award," Gustafson said. "This acknowledgment also celebrates the success of the talented and devoted team at Brainshark, where we are committed to providing solutions that let anyone quickly and cost-effectively create high-impact multimedia. We look forward to continuing to execute on that commitment and foster customer success."

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 24th anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Regional award winners are eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 13, 2010. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors. In New England sponsors include Boston Magazine, J. Robert Scott, Marsh, Nixon Peabody LLP, Accounting Management Solutions, Bowne and Regan Communications Group.

About Ernst & Young's Entrepreneur Of The Year® Awards Program
Ernst & Young's Entrepreneur Of The Year® is the world's most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.

About Brainshark

Brainshark sales readiness software equips businesses with the training, coaching and content authoring capabilities to achieve sales mastery and outsell the competition. With Brainshark, companies can: prepare sales teams with on-demand training that accelerates onboarding and keeps reps up-to-speed; validate readiness with sales coaching that ensures reps master your message; and empower sales organizations with rich, dynamic content that can be created quickly and accessed anywhere. Thousands of companies – including more than half of the Fortune 100 – rely on Brainshark to identify and close performance gaps, and get better results from their sales enablement initiatives. Learn more at www.brainshark.com.