Private Equity
According to a blog post on its site, Zero Turnaround has named Roger Colvin as chief financial officer. Colvin is the co-founder of Bullhorn, a Boston human resources software company that was acquired by Vista Equity Partners in mid-2012. Zero Turnaround is a provider of software development tools. Its backers include Bain Capital Ventures and Western Technology Investment. To read the announcement, visit here.
1 min read · 20 March 2014
Verdasys said Wednesday that it has raised $12 million in funding. Previous backers GE Pension Trust, which is advised by GE Asset Management and Fairhaven Capital led the round with participation from Brookline Venture Partners. In addition to the funding, Kenneth Levine, a co-founding partner at Brookline Venture Partners and a former GM at McAfee (now Intel Security), has been named CEO of Verdasys, replacing Jim Ricotta. Levine will also join the firm's board of directors. Based in Waltham, Mass., Verdasys is a provider of advanced data protection solutions.
3 min read · 19 March 2014
Highland Capital Partners has promoted Andy Hunt to partner. Hunt is a co-founder and director at Warby Parker Eyewear.
2 min read · 19 March 2014
Intellinote said Wednesday that it has hired Mohan Kompella as vice president of product marketing and Ronen Vengosh as vice president of alliances and business development. Previously, Kompella worked at Softential where he served as vice president of strategy and technology while Vengosh was a vice president of marketing and business development at PureWave Networks. Headquartered in Washington, D.C., Intellinote is a cloud workspace. It is backed by Grotech Ventures and Boulder Ventures.
3 min read · 19 March 2014
Bigcommerce has named West Stringfellow as chief product officer and Ron Pragides as vice president of engineering. The firm has also opened a new office in San Francisco. An e-commerce platform for SMBs, Bigcommerce is backed by Steve Case's Revolution Growth, General Catalyst Partners and FLOODGATE.
4 min read · 19 March 2014
GaN Systems Inc has hired Jim Witham as CEO. Girvan Patterson and John Robert, the company's co-founders, will remain in their current positions as president and chief technical officer, respectively. Prior to joining GaN Systems, Witham worked at Neoconix, where he served as president and CEO. Based in Ottawa, Ontario, GaN Systems is a producer of gallium nitride power switching semiconductors. It has been backed by Canadian venture capital firm Chrysalix Energy Venture Capital and U.S. firm RockPort Capital since 2011.
3 min read · 18 March 2014
GaN Systems has hired Jim Witham as CEO. Girvan Patterson and John Robert, the company's co-founders, will remain in their current positions as president and chief technical officer, respectively. Prior to joining GaN Systems, Witham worked at Neoconix where he served as president and CEO. Based in Ottawa, Ontario, GaN Systems is a producer of gallium nitride power switching semiconductors. It is backed by Chrysalix Energy Venture Capital and RockPort Capital.
3 min read · 18 March 2014
Richard Hall, head of private equity at Teacher Retirement System of Texas, is taking over as head of private equity at Harvard Management Company, which runs Harvard's $32.7 billion endowment.
2 min read · 17 March 2014
Salesforce.com said Friday that it has named General Colin Powell to its board of directors. The appointment became effective March 13, 2014. A retired four star general, General Powell served as U.S. National Security Advisor, Commander of the U.S. Army Forces Command and Chairman of the Joint Chiefs of Staff. He was also the 65th Secretary of State under President George W. Bush. General Power is is a strategic limited partner at Kleiner Perkins Caufield & Byers. Headquartered in San Francisco, Salesforce is a provider of CRM solutions.
3 min read · 14 March 2014
LX Ventures said Friday that it has named Mark Relph to its board of advisors. Relph, the former vice president of developer evangelism for Microsoft Canada, will be working with portfolio company Copper.io, a provider of tools that help deploy, operate and monitor cloud-based apps. Based in Vancouver, British Columbia, LX Ventures acquires and accelerates high-growth technology companies. Update: LX Ventures bought the Las Vegas, Nevada-based Copper.io earlier this year.
3 min read · 14 March 2014
