Lucinda Duncalfe Holt wins 2008 Iris Newman Award

WIN, the Greater Philadelphia region's organization for women who are leaders and supporters of high-growth, entrepreneurial businesses, today announced that Lucinda Duncalfe Holt, CEO of the paid search software company Commerce360, has been selected as this year's recipient of the Iris Newman Award. The award was established in honor of Iris Newman, a founding member of WIN and a successful entrepreneur whose life-long goal was to support her fellow women entrepreneurs. The Iris Newman Award is presented annually by WIN to a woman business leader in the Greater Philadelphia area who has demonstrated an outstanding commitment to helping advance women entrepreneurs.

Ms. Holt, who is presently CEO of the paid search software company Commerce360, is an accomplished technology professional with experience ranging from start-ups to global Fortune 500 companies.

In 2004, Ms. Holt co-founded and led TurnTide, an anti-spam technology company, which was acquired by Symantec for $28 million in only six months. Prior to founding TurnTide, Ms. Holt was President & CEO of Destiny WebSolutions, a venture-backed Inc. 500 winner that provided Internet strategy and implementation consulting to large financial institutions. While growing Destiny from $250,000 to $25 million in revenue, Ms. Holt's achievements were repeatedly recognized. She was named America's 17th Most Influential Consultant by Consulting Magazine, won the Eastern Technology Council's Enterprise Award for CEO of the Year, and was an Ernst & Young Entrepreneur of the Year in Philadelphia.

In addition to her CEO roles, Ms. Holt has been an Entrepreneur-In-Residence at First Round Capital and has held management positions at Infonautics, Automated Call Processing, SEI Investments, and American Express. She graduated cum laude from University of Pennsylvania and earned an MBA from the Wharton School in Entrepreneurial Management.

Ms. Holt will be presented with the 2008 Iris Newman Award at WIN’s Annual Celebration to be held November 19, 2008 at the Rittenhouse Hotel in Philadelphia.