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| WHO'S HIRING Sightward of Bellevue, Wash. By Giselle Greenwood Sightward, a predictive marketing analytics technology company, spent last year developing and building its product. But this year it's all about bringing in revenue and the company is looking to add a vice president of business development and a chief financial officer, says president and CEO Kevin Klustner. Mr. Klustner says the company will look to increase its channel of OEM and VAR partners, as well as joint sell its technology with marketing service providers.>> |
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TOP MANAGEMENT
• eMotion CEO Bob Griffin Moves Up to Vice Chairman
• Versient Names William Stettinius Pres & CEO, Others Execs
• IZOIC Appoints Mark Kingston as President and CEO
VC PERSONNEL
• AV Labs Names Vignette CTO Manweiler as Venture Fellow
• NextLevel Adds Coffrin and Epstein as Managing Directors
• BrainHeart Names New Partner, Acquires Akerstroms
VW CORRECTIONS
• SecFinex
BUSINESS DEVELOPMENT
• Xporta Names Stan Freeman VP Bus Devel, Tom Aliotti VP Sales
MARKETING & SALES
• Alterna Names J.R. Clemons as VP, Global Sales
• Paracer Names Sam Kim VP Sales
OPERATIONS
• IMX Names COO, Senior VP of Sales, and VP of Finance
TECHNOLOGY
• Vcommerce Names Sunil Padiyar Senior VP of Technology
• Elogex Promotes Jeff Carter to Chief Technology Officer
OTHER
• eRealty Promotes Stearns to VP of Customer Experience
|
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| • eMotion CEO Bob Griffin Moves Up to Vice Chairman |   |
| VIENNA, VA. -- eMotion, a provider of digital media
management software and services, said CEO and president Bob Griffin
will now serve as vice chairman of the firm. eMotion has retained
Christian & Timbers to recruit a new CEO. In the meantime, chief
operating officer Alan Croll will fulfill the CEO functions.
Mr. Griffin became CEO when PNI, where he served as CEO, merged with Cinebase Software in January 2000 to create eMotion. He said he had always expected to leave his CEO post once the merger was completed and eMotion was in a good financial situation. In October, eMotion acquired AudioBasket, a provider of customized audio news and information that had shut down two weeks before, in a stock deal. The firm is backed by $40 million from Adelson Investors, Chartwell Capital Investors II, Constellation Ventures, EMC, Enron, GE Capital, Kodak, National Geographic, Psilos, Saudi International Bank, Sun Microsystems, Veritas Software, and Wasserstein-Perrella, and Young & Rubicam. http://www.emotion.com | |
| • Versient Names William Stettinius Pres & CEO, Others Execs | |
| HUNT VALLEY, MD. -- Versient, which provides technology and
logistics applications, said it named William Stettinius, former CEO
at Riverstone, as president and CEO. Other appointments to its
management team include Marc Guerrasio, former chief technology
officer and vice president of engineering at Ntercept
Communications, as its first chief technology officer; Sally Bauer
extending her role from business development to include vice
president of business development and sales; and Robert Rosenbaum,
formerly at B2E Resource, to chief operating officer. Versient is
backed by Sterling Venture Partners, Mid-Atlantic Venture Fund,
eMedia Club, and The Abell Venture Fund. http://www.versient.com | |
| • IZOIC Appoints Mark Kingston as President and CEO | |
| DENVER -- IZOIC, a provider of collaborative infrastructure
management services, said it has appointed Mark Kingston as
president and CEO. William R. Gordon, founder, will continue as
company chairman. Mr. Kingston joins IZOIC from EC Outlook, a company he founded in 1999, where he served as chairman and CEO. Prior to forming EC Outlook, Mr. Kingston served as chief operating officer of Integrated Orthopedics. IZOIC has received funding from Bechtel, Autodesk, Insight Capital Partners, Altira Group, and Cinergy Ventures. http://www.izoic.com | |
VC PERSONNEL
| • AV Labs Names Vignette CTO Manweiler as Venture Fellow | |
| AUSTIN, TEXAS -- AV Labs, a venture capital firm focused on
companies in the Austin, Texas area, announced that Steve Manweiler
has joined the firm as a venture fellow. AV Labs' venture fellow
program provides portfolio companies with access to entrepreneurial
operating expertise. Mr. Manweiler was the first employee hired by the founders of Vignette, a provider of a server-based content management system for developing Web sites. Most recently, he served as CTO of Vignette. Prior to Vignette, Mr. Manweiler spent 5 years at HaL Computer Systems as a software engineer and software architect. AV Labs, focused on seed and first round investments in infrastructure and enterprise software products and services, has more than $185 million under management. http://www.avlabs.com | |
| • NextLevel Adds Coffrin and Epstein as Managing Directors | |
| WASHINGTON -- NextLevel Venture Partners, a venture capital
firm focused on early and mid-stage businesses on the East Coast,
said Albert "Buddy" Coffrin and David Epstein have joined Joe Heller
as managing directors. Mr. Coffrin has served as a partner at venture capital firm North Atlantic Capital for the past five years. Prior to that position he served as CEO of Green Mountain Bank. Mr. Epstein, a computer scientist, spent 12 years at IBM. He spent the majority of his time there as a technical expert and senior manager at T.J. Watson Research Center where he helped build variety of software and hardware technologies and applications. NextLevel's portfolio companies include BioNetrix, a Washington-based information security provider. Mr. Heller said the firm plans to make initial $1 million to $2 million investments in IT infrastructure, enterprise software, and wireless applications companies targeting the financial services industry. NextLevel invests up to $5 million over the life of a company. The firm announced its launch last January after it began raising its $60 million fund. Mr. Heller said the fund is still open, but would not say if it was still targeted at $60 million nor when it would close. http://www.nextlevelvp.com | |
| • BrainHeart Names New Partner, Acquires Akerstroms | |
| STOCKHOLM -- BrainHeart Capital, a Scandinavian multi-stage,
wireless information technology venture capital firm, said it named
Jussi Saarinen as its new partner and acquired the remaining shares
it did not already own of Bjorbo, Sweden-based portfolio company
Akerstroms, a developer of industrial wireless products and
applications. Financial terms of the deal were not
disclosed. Mr. Saarinen was formerly was a partner at Hagstromer & Qviberg, an investment bank, where he worked on its corporate finance transaction team. BrainHeart previously owned 70% of Akerstroms, which it purchased in June 2001. It acquired the remaining 30% of the company from its former owner Jan Akerstrom. Akerstroms, which was founded in 1918, will help BrainHeart expand into the European market and expose it to the wireless application market for automobiles. Mikael Andersson has been named the CEO at Akerstroms. CEO Ulf Jonstromer founded BrainHeart Capital. Other personnel at the firm include chief financial officer and partner, Jan Bengtsson; controller, Amanda Ekman; investment manager, Petter Bogren; and investment manager and partner, Sigrun Hjelmquist. With SEK 2.150 million ($206 million) under management, BrainHeart's portfolio companies also include Wireless Maingate, WirelessCar, and Wireless Opinion. http://www.brainheart.com http://www.akerstroms.se | |
VW CORRECTIONS
| • SecFinex | |
| NEW YORK -- A story in Friday's VentureWire People
incorrectly identified SecFinex's newly appointed CEO's past work
experience. John Oddie previously worked at Instinet, where he was
CEO of its global equities business and before that served as chief
technology officer. | |
BUSINESS DEVELOPMENT
| • Xporta Names Stan Freeman VP Bus Devel, Tom Aliotti VP Sales | |
| SANTA CLARA, CALIF. -- Xporta, which provides software for
global resource management, said it named Stan Freeman, former vice
president of global partner operations at BEA Systems, as its new
vice president of business development, and Thomas V. Aliotti,
former head of worldwide sales and service at Rubric, as its new
vice president of worldwide sales. Xporta is backed by Prism Venture
Partners, Colman Partners, and RWI Group. http://www.xporta.com | |
MARKETING & SALES
| • Alterna Names J.R. Clemons as VP, Global Sales | |
| CALGARY, ALBERTA -- Alterna Technologies Group Inc., a
provider of online finance services, said it has appointed A.O.
"J.R." Clemons, Jr. as vice president, global sales. Before joining Alterna, Mr. Clemons served as vice president, sales at Consonus, an infrastructure provider of data centers and monitored applications. He has also served as vice president, worldwide sales for ABC Technologies. Alterna Technologies is backed by Ontario Municipal Employee Retirement Systems, Whitecastle Investments, and Cargill. http://www.alterna.com | |
| • Paracer Names Sam Kim VP Sales | |
| SANTA CLARA, CALIF. -- Paracer, which provides parallel optic
modules, said it named Sam Kim as its new vice president of sales.
Mr. Kim formerly worked at Alvesta, where he oversaw worldwide
sales. Paracer is backed by FoxConn and Sierra Ventures.
http://www.paracer.com | |
OPERATIONS
| • IMX Names COO, Senior VP of Sales, and VP of Finance | |
| HOUSTON -- IMX, a provider of software services for the
mortgage industry, said it has promoted Chad A. Neel to executive
vice president and COO; and Greg G. Austin to senior vice president,
national sales; and appointed Randall A. Brown as vice president of
finance and accounting. Mr. Neel previously served as senior vice president and chief administrative officer for the company. Prior to joining IMX in 1999, Mr. Neel served as vice president of The Money Store. Mr. Austin joined IMX in 1997 and most recently served as a vice president of sales. Mr. Brown joins IMX from First Union Home Equity, where he served as a vice president. IMX has received funding from Hummer Winblad Venture Partners, Lehman Brothers, ABN AMRO, Mohr Davidow Ventures, Technology Crossover Ventures, Presidio Venture Partners, BancBoston Capital, Citicorp, Intel, and board members Derek Proudian, a former partner of Mohr Davidow Ventures, and William Lacy, former chairman and CEO of MGIC Investment. http://www.imx.com | |
TECHNOLOGY
| • Vcommerce Names Sunil Padiyar Senior VP of Technology | |
| SCOTTSDALE, ARIZ. -- Vcommerce, which provides supply-chain
management technology, said it named Sunil Padiyar as its new senior
vice president of technology. Mr. Padiyar joins the company from
Interact, where he served as vice president of product development
and chief technology officer. Vcommerce is backed by American
Express Financial, Archery Capital, Benchmark Capital, CMGI
@Ventures, Dain Rauscher Wessels, Inktomi, PaineWebber, and Pequot
Capital. http://www.vcommerce.com | |
| • Elogex Promotes Jeff Carter to Chief Technology Officer | |
| CHARLOTTE, N.C. -- Elogex, which provides collaborative
logistics technology, said it promoted Jeff Carter to chief
technology officer. Mr. Carter joined the company in September 2000
as director of technology. His past experiences include being a
founding member of business-to-business firm, E-dreamz. Founded in
1999, Elogex is backed by Fenway Partners and its affiliate,
BigWheel Partners. http://www.elogex.com | |
OTHER
| • eRealty Promotes Stearns to VP of Customer Experience | |
| HOUSTON -- eRealty, an online real estate brokerage,
announced it has promoted Kenneth Stearns from director of
e-business to vice president of customer experience. Prior to joining eRealty, Mr. Stearns had served as director of real estate services at Stewart Title Company and as a corporate officer with both Public Storage and the Lomas & Nettleton Company. eRealty is backed by Milestone Venture Partners, Polaris Venture Partners, and TL Ventures. http://www.erealty.com | |
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| EXECUTIVE
SEARCHES Senior Marketing/Sales--Legal--San Diego, California Cooley Godward LLP, a leader in the representation of high growth information technology and life science clients, currently has an opportunity in its San Diego office for an individual to assume regional responsibility for marketing and client development initiatives. The successful candidate will have a depth of understanding of the venture capital, entrepreneurial and high growth industries in the Southern California region. Bachelor's degree in a related field and significant prior experience in managing sales and marketing organizations is required. EOE e-mail: hslavey@cooley.com company: Cooley Godward LLP [top] General Partner--NY/CT Area--Private Equity Fund A new private equity fund is seeking a general partner to lead fund raising and management of limited partners. Target fund size is $150M. The fund will initiate buyouts, roll-ups and fund growth stage companies. The private equity fund will focus on various industry sectors including software and information technology, media and communications, business services, specialized industrial and healthcare. Firm is led by former Chairman and CEO of a $20 billion financial service company. The firm maintains high quality deal flow from this financial service company, its established network and its advisory board. Candidate must have: * A track record of raising institutional funds for venture and private equity firms. * A graduate degree from a top tier instution is desired, but a bachlelors degree will be accepted with outstanding experience. Please respond by including your resume plus a detailed summary of your fundraising track record. Information submitted will be held in strict confidence. e-mail: box1222@venturewire.com company: n/a [top] General Partner--Early-Stage Venture Funds--Silicon Valley, CA Established Silicon Valley, CA based venture fund is seeking a general partner to lead fund raising and management of limited partners. Target fund size is $150M. Investment focus is in core technology areas including communications, semiconductors, and infrastructure. Firm has a strong healthy portfolio of 20+ investments and has attracted substantial co-investments from top area VC firms. The firm benefits from very high quality deal flow through an established network of highly successful entrepreneurs. Candidate must have: *A verifiable track record of raising significant institutional funds for venture capital firms * Advanced graduate degree from a top tier university * Residence in San Francisco Bay area Please respond by including your resume plus a detailed summary of your fundraising track record e-mail: box1217@venturewire.com company: n/a [top] Associate--Venture Capital--Mid Atlantic/Southern California Associate--Mid Atlantic/Southern California--Venture Capital An established venture capital firm focused on the software industry is seeking two Associates, one on each coast. Associates research investment ideas, visit companies,analyze specific investment opportunities, perform due diligence, help close transactions and work with portfolio companies. Candidates should have a BS/BA from a leading University (EE or Computer Science degree a plus) three to five years of experience in an intense, demanding business environment, a proven record of outstanding achievement in school and in business, a passionate interest in the software industry, exceptional intelligence and strong communication skills. e-mail: box1223@venturewire.com company: n/a [top] Chief Operating Officer--Software--San Diego, CA eHelp Corporation is one of San Diego's largest privately held software companies. With a successful 10 plus year track record, we have cultivated a culture of growth, innovation and commitment to excellence. Our products are used by more than two-thirds of the Fortune 1000 companies to deliver automated user assistance software. eHelp has won more than 55 industry awards for its innovative products. Our leadership position and continuous product innovations have inspired Microsoft, Information Week, and Deloitte and Touche to publicly recognize eHelp Corporation as one of the fastest growing technology companies. The Chief Operating Officer at eHelp will grow the business to exceed revenue expectations, direct and administer the Sales, Marketing, and Services departments, and will serve as a key member of the Executive Team. Opportunity exists to assume Chief Executive Officer role after proven success. Duties and Responsibilities: Will take the necessary actions to meet and exceed corporate revenue and earnings goals. Will assist the CEO in developing corporate objectives; and will oversee the acquisition, retention, and continued development of employees. May act as Chief Executive Officer in CEO's absence. Experience and Requirements: Requires excellent planning and organizational skills with ability to effectively direct the company's Sales, Marketing, and Services departments in order to maximize revenues and profits. Must be meticulous and possess excellent time-management, communication, technical competency, decision-making and presentation skills. Must also possess an in-depth knowledge of financial & legal principles and have a proven track record of increasing revenue and introducing new products. Requires a minimum of 10 years in high technology business functions, including at least 8 years of management experience. Requires Bachelor's degree in Business, Engineering, or Marketing; advanced degree in Business or equivalent is preferred. eHelp Corporation is an Equal Opportunity Employer committed to hiring a diverse work team. View our website at www.ehelp.com for more information. Send resume and cover letter along with salary history to jobs@ehelp.com referencing job code VWP- COO. e-mail: jobs@ehelp.com company: eHelp Corporation [top] Director/VP of Marketing--Enterprise Software--Boston/New York Thor Technologies, Inc. a leading provider of access rights management and provisioning solutions for enterprises, is seeking Director of Marketing to oversee and manage all marketing responsibilities for Thor's Xellerate technology. If you have 5+ years experience with major enterprise software product industry expertise and are a creative risk taker with a flare for management, this may be the end of your search! Requirements: * BA, MBA preferred, in marketing or business related field * Must be Director or higher level of marketing with enterprise software responsibility * Minimum 5+ years at both rapidly growing startups and Fortune 500 companies, including significant Director level or higher experience * Excellent verbal communication, presentation skills, including the ability to effectively present to top executives, public groups, board of directors and investors * Proven track record of defining, releasing, and promoting successful software applications * Develop and manage Marketing budget * Manage product marketing, including preparing sales and funding documents and materials * Manage the market research function, identify market segments and value propositions by segment, and monitor the competitive landscape to continually assess and enhance our market position in the enterprise market * Manage all advertising, trade show, and public relations activities including the selection and management of third party firms and vendors * Work with the Business Development department as needed to identify and build alliance relationships * Determine measurements and implement post-launch data collection on customer usage and market acceptance of services/products e-mail: kelly.boyer@thortech.com company: Thor Technologies, Inc. [top] General Partner--New Venture Fund--New York/New Jersey Area A new venture fund will target health care business technology investments. The fund is being organized with strong domain expertise, a panel of industry advisors, and seasoned financial and legal guidance. The general partner will be in charge of developing deal structures and raising institutional and private investor funds for an initial target fund size of $10 million. A second fund with a $25 million target size will follow as appropriate. Experience and Requirements: The ideal candidate will have 2-plus years of private equity experience at a venture capital fund. A health care background is not required. You must be comfortable raising investment funds with relevant contacts and experience in this area. A graduate degree from a top-tier institution is desired but a bachelors degree will be accepted with outstanding experience. Please include your resume with a summary of your deal structure and fund raising experience. e-mail: box1221@venturewire.com company: n/a [top] |
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