PALO ALTO, Calif., Dec. 12 /PRNewswire-FirstCall/ -- Accel Partners, a
leading Silicon Valley venture capital firm, today announced the addition
of Dick Williams as CEO-in-Residence. Dick brings unparalleled operational
experience and leadership, as well as deep knowledge in the enterprise
software and digital media markets.
As CEO-in-Residence, Dick will work with the Accel team to identify and
analyze new ventures that have the potential to define important market
categories. Dick will also directly advise and assist Accel portfolio
companies which will benefit from his valuable experience.
"Accel and I have a long history of shared success," said Dick
Williams. "We've built great companies together and had tremendous
experiences doing so. I look forward to continuing my partnership with the
Accel team as I explore my next opportunity."
Dick has previously worked with Accel as CEO or Chairman of three
category-defining portfolio companies. He was CEO of Illustra Information
Technologies, a pioneer of object database technology, which was acquired
by Informix in 1996. Dick was then co-founder and Chairman of Quokka
Sports, an online immersive media company, which completed its initial
public offering in 1999. Most recently Dick was CEO of Wily Technology, the
leader in Web application management, which was acquired by Computer
Associates in 2006.
Prior to Illustra, Williams worked for 22 years at IBM in a variety of
management roles culminating with his service as vice president with the
General Products Division. He then served as president and CEO of Digital
Research, which was later acquired by Novell. At Novell Williams served as
executive vice president of sales and support, and general manager of
Novell's Digital Research Systems Group.
"Dick Williams is one of the finest CEO's we have ever worked with,"
said Peter Wagner, General Partner at Accel. "We look forward to working
closely with Dick as we together identify exciting new opportunities where
his superb leadership can help create a true market leader."
About Accel Partners
Accel was established in 1983, and today invests globally with offices
in Palo Alto, California and London, as well as in China via the IDG-Accel
Partnership. With over $4 billion under management, Accel has helped
technology entrepreneurs build over 300 successful companies, many of which
have defined their categories. The Accel portfolio includes long-term
market leaders such as Veritas, RealNetworks, Foundry Networks and Polycom,
as well as recent IPO's MetroPCS, Infinera, ComScore, and Riverbed
SOURCE Accel Partners