Chris Greendale Joins Kodiak Venture Partners; Cambridge Technology Partners Founder, Former Oracle and Ingres Executive Brings Extensive Software and Services Expertise.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--May 12, 2003 Kodiak Venture Partners, a seed and early stage venture firm focused on communications/IT, semiconductor and software companies, today announced that Chris Greendale has joined the firm as Venture Partner. Greendale will evaluate and initiate software-related investment opportunities, specializing in the areas of software development, software services, systems integration and consulting. Greendale will also apply his extensive operational experience to help Kodiak portfolio company entrepreneurs build their companies. "Having been in the entrepreneur's shoes several times, I know that investors who take a hands-on approach to building early-stage companies into sustainable businesses contribute far more than the dollar value of the funding they provide," said Greendale. "Kodiak's strategy of investing in and working side-by-side with companies to help build them into market leaders attracted me to the firm. I look forward to the opportunity to help expand the firm's software practice and apply my operational expertise to the benefit of Kodiak's portfolio companies." Greendale brings over 25 years of software and technology services experience in sales, marketing and executive management to Kodiak. He has invested in and served as a member of the boards of numerous technology companies ranging from start-ups to publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . These companies include Clarify, Inc., which was sold to Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony (NYSE/TSX: NT); Rubric RUBRIC, civil law. The title or inscription of any law or statute, because the copyists formerly drew and painted the title of laws and statutes rubro colore, in red letters. Ayl. Pand. B. 1, t. 8; Diet. do Juris. h.t. , Inc., which was acquired by Broadbase; ServiceSoft Technologies, Inc., acquired by Kana (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : KANA); and multi-media software company MediaBridge Technologies, Inc., where Greendale served as board chairman and was instrumental in the company's acquisition by Engage (NASDAQ: ENGA). Greendale was also an early, pre-IPO investor in Siebel Systems Inc. (NASDAQ:SEBL SEBL Siebel Systems, Inc. (stock abbreviation, AMEX) ). Prior to joining Kodiak, Greendale served as Venture Partner at an early-stage venture capital firm focused on technology investments, where he evaluated and initiated new investment opportunities and worked along with entrepreneurs to help them develop their businesses. While there, Greendale led the firm's investments in Glasshouse Technologies with Sigma Partners and in CXO CXO Chief Executive Officer (corporate title) CXO Chandra X-ray Observatory CXO Chief Experience Officer (corporate title) CXO Conroe, TX (Airport Identifier) Systems with Kodiak Venture Partners. Earlier, as a Managing Director of Internet Capital Group, Greendale participated in the funding and management of investments including ServiceSoft, Surgency and Context Integration, Inc. (sold to eFORCE), and founded Breakaway Solutions, Inc., where he served as Chairman of the Board and oversaw its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in September 1999. In 1991 Greendale co-founded Cambridge Technology Partners (NASDAQ:CATP CATP Cambridge Technologies (stock symbol) CATP Coverage Acceptance Test Plan CATP Committee of Adaptation to Technical Process ), a systems integration company that, by 1997, reached $600m in revenue with 4500 employees in 45 offices worldwide. CTP CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. was one of the most successful IPOs of the 1990's. Prior to CTP, Greendale was Vice President of Marketing for Oracle Corp. (NASDAQ: ORCL ORCL Oracle (stock symbol) ), and before that, Vice President of Marketing at Ingres, both public software companies. "Chris knows how to build strong companies from the ground up," said Lou Volpe, Managing General Partner at Kodiak. "His extensive operational skill, outstanding investment track record and his excellent reputation and network of contacts make him a real asset to Kodiak, both in identifying and building companies that will be successful." Dave Furneaux, Managing General Partner, commented, "Chris' ability to understand the challenges technology companies face from a variety of perspectives, assess opportunities and risks, and make good decisions will be assets to Kodiak and instrumental to our ability to help entrepreneurs establish world-class companies." Greendale received a BA in Math 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 in Finance from Southern Illinois University Southern Illinois University, main campus at Carbondale; state supported; coeducational; est. 1869, opened 1874 as a normal school, renamed 1947. It has a center for archaeological investigation and a fisheries research laboratory. There is also a campus at Edwardsville. . About Kodiak Venture Partners Kodiak Venture Partners is a Waltham, Massachusetts-based venture capital firm focused on seed and early stage investments in emerging communications/IT, semiconductor and software companies. With a focus in the eastern regions of the U.S. and Canada, Kodiak Venture Partners builds relationships with entrepreneurs seeking accelerated market success. Kodiak's investment partners are successful high-technology business entrepreneurs who take a high-impact, hands-on approach to forming, operating, building and funding market leaders. For more information, visit www.kodiakvp.com. |
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