Atlas Venture Appoints Former Siebel Systems Executive as Venture Principal.Business Editors WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 27, 2003 Appointment of Eric Hjerpe Further Increases Firm's Versatility in Information Technology, Strengthens Investment Team Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the , the leading international early stage venture capital firm investing in communications, information technology and life sciences companies, today announced the appointment of Eric Hjerpe as Venture Principal. Mr. Hjerpe brings to Atlas Venture nearly 15 years experience in the software industry, including five years in senior management at Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. , where he was also appointed by company founder Tom Siebel as a charter member of the Founder's Circle. Prior to joining Atlas Venture, Mr. Hjerpe was Senior Director, Implementation Effectiveness, at Siebel. In this position, he managed the company's SWAT consulting team, which helped Siebel customers achieve post-implementation business success with Siebel eBusiness Applications. "We are delighted to welcome Eric Hjerpe to our team," commented Axel Axel: see Absalon. Bichara, Senior Principal at Atlas Venture. "We are confident that our portfolio companies will benefit from his deep experience in the software community, especially in the Boston area. Eric's extensive industry experience makes him a logical and valuable addition to Atlas Venture to further strengthen our team of investment professionals." Based in the firm's Waltham, Massachusetts One of the early centers of the Industrial Revolution in northern America, Waltham is a city in Middlesex County, Massachusetts, United States. The population was 59,226 at the 2000 census. , office, Mr. Hjerpe will play an integral role in sourcing and evaluating investments in emerging, innovative information technology companies. In addition, his product strategy and management experience will help him provide guidance and support to existing members of the firm's portfolio. Atlas Venture has made 16 new investments to date from its most recently raised fund, Atlas Venture VI. "I am excited to join a firm with such a strong reputation in the venture capital industry, both in Boston and throughout Europe," said Mr. Hjerpe. "I believe Atlas Venture possesses strong investment teams with the deep and diverse market knowledge necessary to continue to grow and prosper even in this challenging economic climate. I look forward to contributing to this team to enhance the firm's investment initiatives in information technology." Prior to joining Atlas Venture, Mr. Hjerpe held various senior management positions at Siebel Systems. After joining the company in 1997, Mr. Hjerpe built Siebel's first professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. organization serving the northeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada, while achieving revenue and customer satisfaction targets. He then founded the subsidiary SiebelNet, which he built to a $20M revenue backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. and $10M revenue run-rate business in less than two years. Subsequently, as General Manager of the Product Configurator and Pricer product group, he accelerated software revenue from $4M to $22M per quarter within one year. Most recently, Mr. Hjerpe was responsible for a number of programs to drive customer satisfaction levels higher across the company. Prior to joining Siebel, he served as Chief Information Officer, Sales and Marketing North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , for Digital Equipment Corporation, following an engagement with Silicon Graphics in Mountain View and an initial eight-year consulting career with Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. . Mr. Hjerpe received a Master of Science in Management from MIT Sloan School of Management The MIT Sloan School of Management is one of the five schools of the Massachusetts Institute of Technology, located in Cambridge, Massachusetts, USA. It is one of the world's leading business schools, conducting research and teaching in finance, entrepreneurship, marketing, in 1993, and a Bachelor of Arts in Applied Mathematics and Economics from Brown University in 1987. About Atlas Venture Atlas Venture is the leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. With investing offices in Boston, London, Munich and Paris, Atlas Venture divides its investments between the United States and Europe. Founded in 1980, Atlas Venture has organized six international funds, and currently manages $2.1 billion in committed capital. The Atlas Venture investment team is comprised of seasoned operating executives and career venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. who have been deeply involved in the formation and development of more than 300 companies worldwide. For more information about Atlas Venture, go to www.atlasventure.com. |
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