Charles River Ventures Promotes Jonathan Guerster and Izhar Armony to General Partners.WALTHAM, Mass.--(BUSINESS WIRE)--Sept. 21, 1999-- Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures today announced the promotions of Jonathan Guerster and Izhar Armony to General Partners. Since joining the firm in June 1997, Jonathan and Izhar have built upon Charles River Ventures' proven reputation as a leading investor in the Internet, electronic commerce and enterprise software sectors. Their efforts have served Charles River Ventures in several significant market areas and have contributed to Charles River Ventures' being named as one of the industry's most active e-commerce venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] (The Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , February 1999). E-commerce Expertise and Connections Foster Growth and Success In the past two years, Jonathan has led and managed investments in several significant e-commerce companies, including eDocs, Instill in·still v. To pour in drop by drop. in  stil·la tion n. , Purchasingcenter.com, Send.com, and Synchrony synchrony /syn·chro·ny/ (-krah-ne) the occurrence of two events simultaneously or with a fixed time interval between them.atrioventricular (AV) synchrony . Jonathan has also been active with Charles River Ventures' investments in BeFree, Insurance Holdings, NetGenesis and Vignette. "Jonathan led our initial venture round and joined edocs as an active board member," said Kevin Laracey, president and co-founder of edocs, the leading provider of Internet billing software applications. "Jonathan's in-depth knowledge of the e-commerce space and industry connections have allowed him to play an important role in each phase of edocs' growth." "Jonathan has been instrumental in fostering the growth and success of Send.com," said Mike Lannon, founder 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. . "From business plan development through angel and venture financing, to building the board and executive teams, Jonathan's e-commerce expertise and council have directly served in establishing Send.com as the leading online provider of unique corporate gift packages. Jonathan's commitment to electronic commerce began at Open Market, Inc. where, prior to Charles River Ventures, he was Director of Corporate Development, having earlier served as Director of Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Prior to Open Market, Jonathan served in sales and marketing management roles at Hewlett-Packard and J.P. Morgan. Jonathan earned an electrical engineering degree from Duke University and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the J.L. Kellogg School of Management
A Strategic Partner in Enterprise Software and B-to-B E-commerce Ventures Izhar has focused on the enterprise software and B-to-B e-commerce industries. Izhar led Charles River Ventures' investments in Celarix, iBasis (formerly VIP Calling), Oberon, TrainingNet.com, and Yantra Yantra is a Sanskrit word that is derived from the root meaning "to restrain, curb, check".[1][2] Meanings for the noun derived from this root include "that which restrains or fastens, any prop or support", "a fetter", "any instrument or machine", "an , and has actively participated in other investments. "Izhar has proven to be an important strategic partner for Celarix as we focus on changing the paradigm of global logistics," said Evan Schumacher, CEO, Celarix, Inc., a provider of unique web-based, global logistics solutions for the Internet age. "Izhar has made incredible contributions to our business, from recruiting and strategy development to sound council in building our company infrastructure." "As a member of our board, Izhar has provided insightful leadership in critical aspects of our business," said Ofer Gneezy, President and CEO of iBasis, a leading provider of Internet telephony services. "Izhar was instrumental in helping shape our positioning strategy in a dynamic market which has enabled us to be at the forefront of the industry." Izhar joined Charles River Ventures from General Atlantic Partners (GAP) where he gained experience with enterprise software companies. Prior to GAP, Izhar was a co-founder of Onyx Interactive, a training software company, where he was VP Marketing and Business Development. Prior to Onyx, Izhar spent four years as an officer in the Israeli army. Izhar received a Masters degree in cognitive psychology from the University of Tel Aviv, a Masters degree in International Studies from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. , and an MBA from Wharton. About Charles River Ventures Founded in 1970 and based in Boston, MA, Charles River Ventures is one of the nation's leading early-stage venture capital firms. Focusing on high-potential start-up companies in the communications, software, and e-commerce and information services See Information Systems. industries, Charles River Ventures has organized nine funds totaling $565 million, funding more than 235 companies. The Firm's portfolio includes industry leaders such as Sybase, Inc., Flycast Communications Corp., Send.com, Excite Corp., Vignette Corp., Parametric Technology Corp., CIENA Corp., and Cascade Communications Corp. For more information please visit Charles River Ventures' website at www.crv.com. |
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