AP NEWS

Jim Moran Named Senior Advisor to Providence Strategic Growth

October 5, 2018

PROVIDENCE, R.I.--(BUSINESS WIRE)--Oct 5, 2018--Providence Strategic Growth Capital Partners L.L.C. (“PSG”), an affiliate of Providence Equity Partners L.L.C., a premier global asset management firm with approximately $60 billion in assets under management, today announced that Jim Moran has been named as a Senior Advisor to PSG. Mr. Moran will work closely with PSG on new investment opportunities and certain of the firm’s existing investments.

Mr. Moran has over 23 years of experience as an investor and executive of technology startups across a variety of markets, including enterprise SaaS and cloud, open source, payments, mobile commerce and communications & infrastructure. Most recently, he was a managing director at North Bridge Venture & Growth Equity Partners, where he invested in and advised early-stage and growth-oriented companies, including mobile wallet provider Paydiant (acquired by PayPal) and endpoint security solution Confer Technologies (acquired by Carbon Black). Prior to North Bridge, Mr. Moran held key leadership roles at several successful startups, including serving as the CEO of Convergence Networks (acquired by ACME Packet), the COO of Virtusa, the co-founder and CRO of edocs (acquired by Siebel/Oracle) and the GM and SVP of Sales at CheckFree Corporation.

“Jim is an industry veteran with decades of experience building technology companies to scale, many of which have resulted in significant value creation for all stakeholders,” said Mark Hastings, CEO of PSG. “He has a keen eye for identifying markets that are ripe for disruption, and considerable expertise in sourcing and vetting growth equity deals. We believe he will provide valuable insights and support as we continue to grow the PSG platform.”

“Jim’s proven financial and operational leadership will help create additional value at our portfolio companies, and his extensive network and growth investing acumen will help us identify and pursue new investment opportunities in our target sectors,” said Peter Wilde, Chairman of PSG.

About Providence Strategic Growth Capital Partners L.L.C.

Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit http://www.provequity.com/private-equity/psg, and for more information on Providence Equity, please visit www.provequity.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181005005120/en/

CONTACT: Media Contacts:

Andrew Cole/Kelsey Markovich

Sard Verbinnen & Co

212-687-8080

prov-svc@sardverb.com

KEYWORD: UNITED STATES NORTH AMERICA RHODE ISLAND

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE OTHER TECHNOLOGY PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES

SOURCE: Providence Strategic Growth Capital Partners L.L.C.

Copyright Business Wire 2018.

PUB: 10/05/2018 08:30 AM/DISC: 10/05/2018 08:30 AM

http://www.businesswire.com/news/home/20181005005120/en

AP RADIO
Update hourly