|By Marketwired .||
|September 5, 2013 07:30 AM EDT||
MENLO PARK, CA and LARCHMONT, NY -- (Marketwired) -- 09/05/13 -- Bessemer Venture Partners (BVP), a $4 billion global firm backing great entrepreneurs leading transformative hyper-growth companies, today announced Peter Lee's promotion to vice president. In this role, Peter will continue working closely with BVP's investing partners to identify entrepreneurial opportunities in start-ups aligned with cloud computing, Internet and mobile roadmaps.
Peter, based in BVP's Menlo Park Office, joined the firm in 2011. He is focused on investments in the cloud computing, Internet and mobile sectors and has been closely involved with Bessemer's investments in Adaptive Planning, Bizo, Box, ClearSlide, DocuSign, Involver (acq. Oracle), SendGrid, Simply Measured and Twilio. Peter serves as a board observer for Bizo, SendGrid, Simply Measured and Twilio.
"I've worked closely with Peter on a number of deals. His broad experience as a founder, executive and engineer brings a powerful mix of domain knowledge and empathy to entrepreneurial discussions," said Byron Deeter, partner at Bessemer Venture Partners. "The fact that this high IQ package comes in a low-bravado style makes Peter a perfect fit for BVP's culture and a fun person to work with."
Prior to joining BVP, Peter was a director of product management at Salesforce.com, leading teams for the core CRM suite and platform. He also led the first team in building Chatter, Salesforce's social enterprise platform. Prior to Salesforce, Peter co-founded Coventi Pages, a SaaS Web application for document authoring and review, acquired by Fog Creek Software in 2008. Peter started his career as a software engineer at ALK Technologies, building GPS navigation software for businesses and end consumers. Peter graduated from Princeton University with a B.A. in economics and computer science. He also holds an M.S. in computer science from Stanford University. Follow Peter on Twitter here: @peterinlee
Following a noteworthy 2012 that included five IPOs, BVP has continued its successful performance in 2013 with two sizable M&A deals to date. BVP's portfolio company Intucell was acquired by Cisco for $475 million in January, while portfolio company Eloqua was acquired by Oracle for $1 billion after going public in 2011. BVP has announced seven new investments so far this year, including cloud companies Adaptive Planning and Instructure. Drawing on its expertise in cloud investments, BVP recently released the Cloud Index, a comprehensive and dynamic market index that tracks the weekly market fluctuations of the top 30 public cloud companies. BVP has invested in several companies featured on the Cloud Index and which are now public, including LinkedIn, Cornerstone, LifeLock, Qualys and Broadsoft.
About Bessemer Venture Partners
Bessemer Venture Partners (BVP) works closely with entrepreneurs to build the companies of the future. BVP's deep experience and cooperative spirit have supported the early growth and business building of many of today's most innovative companies including Yelp, LinkedIn, Pinterest, Box, Twilio and Cornerstone OnDemand. More than 100 BVP-funded companies have gone public, and in 2012 alone, BVP celebrated five IPO's, numerous M&A exits, and 20 new investments. With $4 billion under management, BVP is a global firm with investments ranging from $100,000 angel investments to $50 million hyper-growth deals, in 15 countries from offices in Silicon Valley, Cambridge, New York, Brazil, Mumbai, Bangalore and Herzliya. @BessemerVP
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Jul. 2, 2015 04:15 PM EDT Reads: 1,004
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 04:13 PM EDT Reads: 401
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Jul. 2, 2015 03:18 PM EDT Reads: 534
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Jul. 2, 2015 03:00 PM EDT Reads: 992
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 02:52 PM EDT Reads: 545
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jul. 2, 2015 02:30 PM EDT Reads: 1,191
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 2, 2015 02:15 PM EDT Reads: 2,197
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Jul. 2, 2015 02:15 PM EDT Reads: 822
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Jul. 2, 2015 02:00 PM EDT Reads: 1,045
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Jul. 2, 2015 01:45 PM EDT Reads: 2,297
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
Jul. 2, 2015 01:36 PM EDT Reads: 542
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Jul. 2, 2015 01:00 PM EDT Reads: 1,236
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 01:00 PM EDT Reads: 1,045
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Jul. 2, 2015 12:00 PM EDT Reads: 2,022
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Jul. 2, 2015 11:50 AM EDT Reads: 496