Bain Capital Ventures Appoints Jim Maikranz as Special Advisor; IT Industry Veteran Brings 35 Years of Experience to Role.Business Editors/High-Tech Writers BOSTON--(BUSINESS WIRE)--June 24, 2003 Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. Ventures, the venture capital fund of Bain Capital, today announced the addition of Jim Maikranz as special advisor. Jim, formerly the senior vice president of sales for both SAP and J.D. Edwards (J.D. Edwards & Company, Denver, CO, www.jdedwards.com) A developer of multinational, integrated enterprise software for distribution, finance, human resources, manufacturing and supply chain management. , brings with him experience that combines sales and technical roles across many successful early-stage and large technology companies. As special advisor, Jim will work extensively with Bain Capital Ventures' portfolio companies, assisting with detailed sales methodology and tactics, marketing and lead generation, product positioning, technical road mapping and general strategy, as well as other areas critical to the success of early-stage companies. "Jim's hands-on approach is exemplary and he is highly valued by the management teams that work with him," said Mike Krupka, managing director of Bain Capital Ventures. "Jim will certainly have an extraordinary impact on the Bain Capital Ventures' portfolio, having been instrumental in the success of software companies spanning all sizes." Most recently, Jim served as the senior vice president, worldwide sales, at J.D. Edwards, where he was responsible for the development and overall execution of worldwide sales strategies, sales support activities and strategic alliances. Prior to joining J.D. Edwards, Jim served as the senior vice president of sales for SAP, where he developed sales strategies, participated in global pricing strategies There are many ways in which the price of a product can be determined. The following are the foremost strategies that businesses are likely to use. Competition-based pricing Setting the price based upon prices of the similar competitor products. and established competitive positioning initiatives. Jim also has excelled in a number of senior roles at a variety of other successful companies, including NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Cullinet Software. Additionally, he has been on the Board of Directors and Advisory Boards of a number of high-growth, early-stage software companies including i2, Iona, Netfish, Healy Hudson, Splash Pond, DataSynapse and Servigistics. "Bain Capital Ventures has an extraordinary track record in helping early stage companies become long-term leaders in their markets," said Jim Maikranz. "As special advisor, I look forward to partnering with an extremely accomplished group of people to help drive the success of the firm's portfolio companies." "Jim is a well-respected industry veteran who has brought an inspiring level of expertise, aggressiveness and competitive knowledge to our company," said CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dan Keelan of Formation Systems. "Bain Capital Ventures and its portfolio companies are certainly going to benefit from his counsel." About Bain Capital Ventures Bain Capital Ventures, the venture capital fund of Bain Capital, partners with exceptional management teams to help early-stage companies become long-term leaders in their markets. Bain Capital Ventures draws upon its experience building strong companies while leveraging the broader resources of Bain Capital. These resources include over 160 investment professionals, a network of over 190 portfolio companies, over $15 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , and the knowledge from 19 years of successful venture and technology investing. Bain Capital manages several pools of capital including private equity, venture capital, high-yield assets, mezzanine capital Mezzanine capital (or mezzanine debt) is a broad financial term that refers to unsecured, high-yield, subordinated debt or preferred stock that represents a claim on a company's assets that is senior only to that of a company's shareholders. and public equity. Since its inception in 1984, the firm has made private equity investments and add-ons in over 190 companies in the technology, communications, healthcare, consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and and industrial products industries. Headquartered in Boston, Bain Capital has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , San Francisco, London and Munich. |
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