Vector Capital a California-based private equity firm that focuses on growth investments in technology has hired Jim Murray as chief financial officer.
Murray comes to the firm from Blum Capital where he was the chief financial officer and chief administrative officer. Prior to that he worked at California Federal Bank, Coopers & Lybrand, and Kenneth Leventhal & Company where he specialized in tax matters.
Vector is currently investing out of its latest $1.2 billion fund Vector Capital IV, which was raised in 2007.
The firm has made some notable exits including the sale of SafeNet to Gemalto NV for $890 million in cash earlier this month. Gemalto NV is a Dutch provider of digital security services. The sale raised the 2017 earnings forecast for Gemalto.
Vector bought SafeNet for just over $600 million in 2007. SafeNet was under a federal investigation for its handling of stock option grants at the time of Vector’s purchase.
Vector also took a controlling stake in CollabNet this year. CollabNet is an agile development platform company and the parent company behind Subversion development software.