Paul Stone
Chairman and CEO

Paul has more than 20 years experience in the private equity business, and he has a successful track record in acquiring, operating and growing companies. Stone is affiliated with Capstar Partners, a private investment company that participates in the funding of early stage technology companies and traditional investments with a focus on media and real estate. An affiliate of Capstar Partners, successfully acquired DMX in 2005 for $75 million and Stone currently serves as the President of DMX, Inc.

Prior to DMX, Stone served as Executive Vice President of Activant Solutions (formerly CCITriad), a $400 million technology company that develops and supports information systems for automotive parts distributors and hardware stores. Formed in 1997 as a merger/LBO sponsored by Hicks Muse Tate & Furst, Inc., Activant struggled under poor management and significant debt. As EVP, Stone stabilized the business and significantly improved cash flow by implementing efficient operating systems, and reorganizing corporate and operational infrastructures that restored investor confidence.

The Activant turnaround came on the heels of his tenure as Chief Financial Officer for Capstar Broadcasting Corporation (NYSE:CRB) from 1997-1999. Formed in 1996, the company became America's largest owner of radio stations within 18 months. After a successful IPO in 1998, Capstar was merged into AMFM (NYSE:AFM) in 1999 and later into Clear Channel Communications. As CFO, Stone was part of the Capstar team that raised $2.1 billion of investment capital, negotiated numerous acquisitions and sales transactions, integrated multiple operating units, implemented management reporting systems and developed an efficient corporate infrastructure in a compressed time period.

Previously, Stone served as a Vice President of Hicks, Muse, Tate and Furst, a diversified private investment firm with over $14 billion of invested capital under management. During this time, he performed acquisition due diligence, established operational performance plans with management of portfolio companies, developed investor reporting systems and monitored personal investments for principals.

Paul, his wife Dee Dee, and their four children live in Austin, Texas. Paul is an elected Trustee of the Eanes Independent School District in Westlake Hills.

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