Battery Ventures Promotes Two Veteran Team Members; Roger Lee Promoted To General Partner, Sunil Dhaliwal Promoted to Partner.WELLESLEY, Mass. and SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Battery Ventures, a top-tier venture capital firm focused on investing in technology companies at all stages of growth, today announced the promotion of two veteran team members: Roger Lee has been promoted from Partner to General Partner, and Sunil Dhaliwal has been promoted from Principal to Partner. Lee joined the firm in 2001 and is based in its San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. office. Dhaliwal joined the Wellesley, Massachusetts Wellesley is a town in Norfolk County, Massachusetts, United States. The population was 26,613 at the 2000 census. It is best known as the home of Wellesley College and Babson College. office in 1998. "Roger and Sunil have been with Battery for many years, and their promotions are in keeping with our strategy of growing talent and relying on deep bench strength here at the firm," said Tom Crotty, Battery Ventures General Partner. "From day one, they have been tremendous assets for the portfolio companies they work with, providing far more than capital and fostering relationships throughout the entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. ecosystems on both coasts." Lee is currently a board member at Friendster and PrimeRevenue and he acted as a board observer at Neoteris prior to its acquisition by NetScreen. His current areas of interest include application service providers, online marketing, ecommerce and digital media companies. Dhaliwal currently serves on the board of Netezza and acts as a board observer at CipherTrust. He was previously a board member or observer at Storability Software (acquired by StorageTek), @stake (acquired by Symantec), and Storigen Systems (acquired by EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. ). According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Kittu Kolluri, former president and 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. of Neoteris, and current executive vice president and general manager, security products group at Juniper Networks Juniper Networks, Inc. (NASDAQ: JNPR) is an information technology company based in Sunnyvale, California and founded in 1996. The company designs and sells Internet Protocol network products and services. : "Battery went consistently above and beyond what most 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. could contribute to a company's success. While we worked together to grow Neoteris and execute its sale to Netscreen, Roger's strategic insight, market expertise, and operational guidance provided value that far exceeded Battery's simple capital contribution." "Venture capital is much more than money - it is a service business and Battery is committed to providing entrepreneurs with the highest quality service in the industry," concluded Lee. "There is a wealth of creativity and innovation in today's market, and it's a privilege to continue our mission of serving entrepreneurs at all stages of growth, helping to make their businesses as successful as possible." "I have dedicated my career to helping outstanding entrepreneurs build extraordinary companies, and it will be my honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. to continue doing so as a Partner at Battery Ventures," said Dhaliwal. "I know of no other group of individuals with as strong and consistent a record of past successes, and as clear a vision of future opportunities as my colleagues in Boston and San Mateo." The firm is currently investing Battery Ventures VII, a $450 million fund raised at the end of 2004. About Battery Ventures Founded in 1983, Battery Ventures is a leading venture capital firm focused on investing in technology companies at all stages of growth from seed to later stage and tech buyouts. With a team of over 20 experienced investment professionals, Battery leverages its people, expertise and capital to actively guide companies to category dominance. The firm has invested in over 180 companies worldwide across information technology industries. From its offices in Wellesley, MA and San Mateo, CA the partnership manages over $2 billion in committed capital, including its new fund of $450 million. For more information, visit www.battery.com. |
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