Frank A. Adams is the Managing General Partner and founder of Grotech Ventures
and its predecessors Grotech Partners and Grotech Capital Group, one of the
oldest, largest and most successful venture capital funds in the country focusing on
the Southeast, Southwest and Mid-Atlantic regions. Under his leadership Grotech
has grown from $12 million in managed assets in 1984, to over 1.5 billion dollars
through 9 funds. He has been the principal architect of the Grotech structure,
investment strategy and portfolio management which has helped grow over 70
successful developing companies with market caps in excess of $15 billion. Since
founding Grotech in 1984 the firm has expanded its operations from Maryland to
offices in Virginia, North Carolina and Colorado. Under Frank’s leadership Grotech
has invested in transforming technology companies such as LogRhythm, NexGen
Storage, LivingSocial (now Groupon), Fieldglass, Broadsoft, United Biosource,, USI, DIGEX, Secure Computing, Verity, Interspec, Tessco and
CDNow. Mr. Adams has personally led, co-led or collaborated in over 40 companies
that have successfully completed public offerings or mergers. He has been a
director of several private and public companies in the Grotech portfolio.

Prior to joining Grotech, he had hands-on operating experience with small and
moderate sized firms in start-up, rapid growth, turnaround and international
situations. He has held senior executive positions with NYSE/OTC public and
private firms including PHH Group, Inc., RLC/Matlack, Inc., The Westinghouse
Electric Corporation and TMS, Inc.

Mr. Adams graduated from the University of Baltimore in 1967 and 1972 with a B.S.
in Business Administration and a Juris Doctor degree, respectively, and has also
successfully completed advanced management programs at Stanford University in
Finance and The Harvard Business School in Information Technology. He is a past
member of the Pennsylvania and American Bar Associations and the Board of
Visitors of the University of Maryland at College Park, UMBC and the University of
Baltimore, as well as a director of the University of Maryland, University of Baltimore
and Lyric Opera Foundations.

Mr. Adams is the recipient of several prestigious awards honoring his achievements
including The University of Baltimore 2005 Distinguished Entrepreneur Award, the
Greater Baltimore Technology Council’s 2001 Baltimore Extraordinary Technology
Advocate (Beta) Award, the 2000 Maryland Award for Economic Leadership and the
1991 Ernst & Young, Merrill Lynch, and Inc. Magazine Entrepreneur of the Year
Award. In conjunction with the 2005 Distinguished Entrepreneur Award, the City of
Baltimore joined with the State of Maryland in proclaiming April 26, 2005 as “Frank
A. Adams Day”. He has been a Distinguished Lecturer at Georgetown University,
University of Maryland and University of Virginia Business Schools, and a frequent
speaker on venture capital and entrepreneurism at national and local industry
meetings. In 1991, Mr. Adams was inducted into the Institute of American
Entrepreneurship as a lifetime member. He is also a charter director and past
chairman of the Maryland Science, Engineering and Technology Development
Corporation (TEDCO) and has served on the Governor’s Special Commission on
Technology Development in the State of Maryland.

Mr. Adams was formerly a director and Chairman of the Mid-Atlantic Venture
Association (MAVA), which he co-founded and managed as president from 1986 to
1999 and as chairman from 1999 to 2002. Under Mr. Adams’ leadership MAVA
became one of the most active and influential private equity organizations in the
nation. Since its founding Mr. Adams led the development of the organization to 375
private equity professionals in 127 firms and 265 service provider leaders.