Our results indicate the success of our approach. Over our 10-year history, we have invested over $1 billion in more than 100 companies. Insight has consistently demonstrated its ability to help its portfolio companies find and negotiate successful liquidity events. Specifically, Insight has exited approximately 70% of its investments completed over three years ago through either successful strategic merger and acquisition transactions or initial public offerings.

In 2004, some of the larger liquidity events Insight worked with its portfolio companies to achieve include public offerings of CallWave (Nasdaq: CALL), Greenfield Online (Nasdaq: SRVY) and the sale of the sale of Vertafore (formerly named AMS) to Hellman & Friedman, LLC for $414 million. Insight's most successful companies also include Quest Software, Inc. (Nasdaq: QSFT), SeeBeyond Technology (Nasdaq: SBYN) and I-many (Nasdaq: IMNY).

Consistency of performance is one factor that differentiates Insight from other venture capital firms. Our disciplined approach to investing and the systematic approach to adding value to our investments results in a higher percentage of Insight's investments achieving their objectives.

While we have exceptional returns in companies such as Quest Software and many others, we also have great solid consistency of performance that differentiates us from other firms. Insight has generated a positive return for its investors in a majority of its realized investments. As a result of this consistency of performance, Insight's realized investments have generated in excess of a 50% internal rate of return.