|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
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Jan. 16, 2017 08:30 AM EST Reads: 3,004
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Jan. 16, 2017 06:30 AM EST Reads: 5,822
"A lot of times people will come to us and have a very diverse set of requirements or very customized need and we'll help them to implement it in a fashion that you can't just buy off of the shelf," explained Nick Rose, CTO of Enzu, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jan. 16, 2017 06:30 AM EST Reads: 4,481
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
Jan. 16, 2017 05:30 AM EST Reads: 1,074
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, introduced the technologies required for implementing these idea...
Jan. 16, 2017 04:30 AM EST Reads: 4,474
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. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
Jan. 16, 2017 03:30 AM EST Reads: 5,217
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
Jan. 16, 2017 03:30 AM EST Reads: 2,833
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of C...
Jan. 16, 2017 03:15 AM EST Reads: 5,722
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, discussed the impact of technology on identity. Sho...
Jan. 16, 2017 02:30 AM EST Reads: 3,911
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Jan. 16, 2017 01:45 AM EST Reads: 2,659
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
Jan. 16, 2017 01:15 AM EST Reads: 4,147
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Jan. 16, 2017 12:00 AM EST Reads: 4,779
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Jan. 15, 2017 10:15 PM EST Reads: 3,492
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Jan. 15, 2017 08:45 PM EST Reads: 7,380
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jan. 15, 2017 07:00 PM EST Reads: 6,129
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jan. 15, 2017 05:15 PM EST Reads: 4,781
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, discussed how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy applica...
Jan. 15, 2017 04:15 PM EST Reads: 1,921
SYS-CON Events announced today that Catchpoint, a leading digital experience intelligence company, has been named “Silver Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Catchpoint Systems is a leading Digital Performance Analytics company that provides unparalleled insight into your customer-critical services to help you consistently deliver an amazing customer experience. Designed for digital business, C...
Jan. 15, 2017 01:15 PM EST Reads: 1,695
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Jan. 15, 2017 12:30 PM EST Reads: 3,569
"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...
Jan. 15, 2017 12:15 PM EST Reads: 5,409