|By Marketwired .||
|January 23, 2013 07:30 AM EST||
PALO ALTO, CA -- (Marketwire) -- 01/23/13 -- Norwest Venture Partners (NVP), a global multi-stage investment firm, today announced that Matthew Howard and Jeff Crowe have been promoted to Managing Partner, and Sonya Brown has been promoted to General Partner.
NVP strengthens its leadership team as the firm enters 2013 with significant growth and investment momentum across multiple stages, regions and sectors. During the last 12 months, NVP made 30 new venture and growth equity investments globally, grew the firm to 80 employees worldwide, and brought its total number of active portfolio companies to more than 100.
Also announced today, Promod Haque has been named to Senior Managing Partner at NVP. Haque continues his leadership position at the firm, making and overseeing new investments and playing an active role on the boards of such NVP portfolio companies as Apigee, CareCloud, Cyan, FireEye, Health Catalyst, PCH International, Virtela and Yatra. After nearly 25 years with NVP, Managing Partner George Still is transitioning to Partner Emeritus.
"Today's promotions recognize the deep talent and strong contributions our partners have made to our firm and our portfolio companies," said Haque. "Jeff and Matt have delivered outstanding results to NVP over the years and earned the respect of the entrepreneurs and investors with whom they've worked. They have both played an integral role in building NVP globally and adding significantly to our firm's culture and overall success. We look forward to their ongoing contributions and leadership as managing partners in the years ahead."
The NVP Growth Equity team has seen strong growth in the past year, expanding to 13 investment professionals in the U.S. and investing more than $250 million in seven new companies. "Sonya has been a tremendous asset to our growth equity team and a strong contributor to our firm," Haque added. "We're pleased to recognize Sonya and look forward to continued success in her general partner role at NVP."
Matthew Howard joined NVP in 2000 with 25 years of experience in marketing, product management, engineering, business development and sales in a wide range of technologies. Matt leads NVP's Enterprise & Infrastructure sector team that actively partners with entrepreneurs in the big data, cloud infrastructure, healthcare IT, enterprise systems, mobile, security and storage sectors. NVP has invested more than $80 million in new venture investments in these sectors during the last 12 months, including such companies as ClearDATA Networks, Health Catalyst, Pertino, Elemental Technologies, Skybox Imaging, Seculert, ScaleIO and Act-On Software.
Matt has appeared on the Forbes Midas List as a top 100 investor for three years. He focuses on mobile, security, rich media, cloud based services/applications, networking and storage investments at NVP and currently serves on the boards of Avere Systems, Blue Jeans Network, ConteXtream, Exablox, Hadapt, MobileIron and Pertino Networks. He is a board observer at FireEye. Previously, Matt was on the board of Airespace (acquired by Cisco Systems), Omneon (acquired by Harmonic), Reconnex (acquired by McAfee), Retrevo (acquired by Shopzilla), Skystream Networks (acquired by Tandberg Television), SpectraLinear (acquired by Silicon Laboratories), Spinnaker Networks (acquired by Network Appliance), Summit Microelectronics (acquired by Qualcomm), Swan Labs (acquired by F5 Networks) and Webstacks (acquired by Extreme Networks). He was a board observer with Veraz Networks (NASDAQ: VRAZ), Yipes (acquired by Reliance/Flag Telecom) and ZettaCom (acquired by IDT).
Before joining NVP, Matt was an early employee of Cisco. After joining the company in 1992, Matt held a number of senior positions with Cisco's IOS organization and the Internet Business Unit. Previously, Matt was vice president of marketing at Vertical Communications and held various positions at Digital Equipment Corporation, BDM International, and Bolt, Beranek and Newman (BBN) Communications Corporation. He began his career as a cryptological analyst with the U.S. Naval Security Group. Matt served as a consultant to the U.S. Department of Defense (DeVenCI) Program. He also holds one patent in mobility and two in cyber security. Matt holds a bachelor of business administration, with an emphasis in information systems, and a master of science degree in telecommunications management. View Matt Howard's complete biography here.
Jeff Crowe joined NVP in 2004 and focuses on Internet, consumer and software investments at NVP. Jeff leads NVP's Internet & Consumer sector team that actively partners with entrepreneurs in the ad tech, consumer services, digital media, e-commerce, enabling Internet technologies, mobile, retail and social sectors. The team has invested in such market leaders as Adaptive Planning, Badgeville, The Echo Nest, Gemvara, Gilt Groupe, Lending Club, Lumosity, ModCloth, Motif Investing, Quirky, Rafter, Turn and WhaleShark Media (RetailMeNot.com). NVP has invested more than $80 million in new venture investments in the enabling Internet technologies and e-commerce sectors during the last 12 months.
Jeff currently serves on the boards of AdChina, All Reach Media, Badgeville, deCarta, Extole, InfoArmy, Lending Club, Nano-Tex, SocialVibe, The Echo Nest, Turn and WhaleShark Media. He is also involved with Lashou. Jeff's previous investments include Admeld (acquired by Google), Jigsaw (acquired by Salesforce.com), Tuvox (acquired by West Interactive), and he was a board observer at Cast Iron Systems (acquired by IBM).
Prior to NVP, Jeff served as President, COO and board member of DoveBid, Inc., a privately held business auction firm, which expanded during his tenure via internal growth and acquisition from a $10 million revenue run rate to a $120 million revenue run rate with 400 employees. From 1990 to 1999, Jeff was co-founder, President, CEO and Board member of Edify Corporation, a venture backed company focused on voice and internet e-commerce platforms and applications. Edify held its IPO in 1996 and was sold to S1 Corporation in 1999. Previously, Jeff worked at ROLM Corporation, IBM and Siemens in marketing and general management. Jeff led the marketing for the voice messaging division within ROLM, which grew from startup to $50 million in revenue. Jeff holds an MBA from Stanford Graduate School of Business, where he was an Arjay Miller Scholar, and a BA in History, summa cum laude, from Dartmouth College. View Jeff Crowe's complete biography here.
Sonya Brown joined NVP in 2011. She has more than a decade of growth equity experience and is focused on investing across a wide range of sectors including consumer, information services, software, business services and financial services. Sonya is a part of the NVP Growth Equity team which has grown to 13 investment professionals in the U.S. and 19 growth equity investment professionals globally. The U.S. Growth Equity team invested more than $250 million in seven new companies over the last 12 months, including such companies as Alarm Capital Alliance (ACA), Manta Media, PICS, Rainmaker Group and other transactions that have not yet been announced. The team continues to expand to pursue the many prospects it is seeing -- particularly fast growing companies with strong market positions, significant revenue and net income traction.
Sonya currently sits on the board of directors of Alarm Capital Alliance (ACA), as well as two other undisclosed NVP growth equity companies. Previously, Sonya was at Summit Partners, a private equity firm with more than $11 billion under management, where she worked for nine years in the Boston office and was responsible for leading the firm's Consumer and Internet Industry Group in North America. Her most recent and past board directorships and investments include Aramsco, Airborne Health, Central Security Group, Physicians Formula Holdings (NASDAQ: FACE), Snap Fitness and Sparta Systems.
Prior to Summit, Sonya was a founder and General Partner of iXL Ventures in 1999, where she oversaw the funding and growth of numerous technology and Internet companies. In addition, she was Vice President of Corporate Development for the parent company iXL Enterprises, Inc., one of the largest global web development companies at that time. Sonya began her career in the investment banking division of Bear Stearns where she worked on numerous consumer and media transactions. Sonya holds a bachelor of science degree from Northwestern University and an MBA from Harvard Business School. In addition, she is a Chartered Financial Analyst. View Sonya Brown's complete biography here.
About Norwest Venture Partners
Norwest Venture Partners (NVP) is a multi-stage investment firm that has partnered with entrepreneurs to build great businesses for more than 50 years. The firm manages over $3.7 billion in capital and has funded more than 500 companies since inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early to late-stage venture and growth equity investments across a wide range of sectors including: technology, information services, business services, financial services, consumer products/services and healthcare. For more information visit: www.nvp.com. Follow NVP on Twitter @NorwestVP.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2208803
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2208811
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2208814
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2208817
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2016' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited t...
Jul. 2, 2016 01:00 AM EDT Reads: 672
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Jul. 1, 2016 08:30 PM EDT Reads: 793
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 1, 2016 06:30 PM EDT Reads: 771
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jul. 1, 2016 06:00 PM EDT Reads: 542
Presidio has received the 2015 EMC Partner Services Quality Award from EMC Corporation for achieving outstanding service excellence and customer satisfaction as measured by the EMC Partner Services Quality (PSQ) program. Presidio was also honored as the 2015 EMC Americas Marketing Excellence Partner of the Year and 2015 Mid-Market East Partner of the Year. The EMC PSQ program is a project-specific survey program designed for partners with Service Partner designations to solicit customer feedbac...
Jul. 1, 2016 05:30 PM EDT Reads: 786
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, provided an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profession...
Jul. 1, 2016 05:15 PM EDT Reads: 642
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 1, 2016 04:15 PM EDT Reads: 249
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
Jul. 1, 2016 03:15 PM EDT Reads: 318
Connected devices and the industrial internet are growing exponentially every year with Cisco expecting 50 billion devices to be in operation by 2020. In this period of growth, location-based insights are becoming invaluable to many businesses as they adopt new connected technologies. Knowing when and where these devices connect from is critical for a number of scenarios in supply chain management, disaster management, emergency response, M2M, location marketing and more. In his session at @Th...
Jul. 1, 2016 02:00 PM EDT Reads: 1,425
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 1, 2016 01:15 PM EDT Reads: 349
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Jul. 1, 2016 01:00 PM EDT Reads: 1,051
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Jul. 1, 2016 01:00 PM EDT Reads: 704
Apixio Inc. has raised $19.3 million in Series D venture capital funding led by SSM Partners with participation from First Analysis, Bain Capital Ventures and Apixio’s largest angel investor. Apixio will dedicate the proceeds toward advancing and scaling products powered by its cognitive computing platform, further enabling insights for optimal patient care. The Series D funding comes as Apixio experiences strong momentum and increasing demand for its HCC Profiler solution, which mines unstruc...
Jul. 1, 2016 12:30 PM EDT Reads: 689
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 1, 2016 12:00 PM EDT Reads: 661
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 1, 2016 10:45 AM EDT Reads: 578
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Jul. 1, 2016 10:30 AM EDT Reads: 1,109
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Jul. 1, 2016 10:00 AM EDT Reads: 535
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 1, 2016 09:30 AM EDT Reads: 1,205
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 1, 2016 09:00 AM EDT Reads: 705
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often ...
Jul. 1, 2016 08:45 AM EDT Reads: 816