Welcome!

News Feed Item

Norwest Venture Partners Strengthens Leadership Team and Launches Into 2013 With Record Growth and Momentum

Jeff Crowe and Matthew Howard Promoted to Managing Partner; Sonya Brown Promoted to General Partner

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

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.