SAN FRANCISCO, June 23 /PRNewswire/ -- Sofinnova Ventures, a San Francisco
venture firm investing in early-stage life science and information technology
companies, announced today that Alain Couder has joined the firm as an IT
venture advisor. In his role, Couder will take board positions at Sofinnova
portfolio companies Corrente (formerly OpenReach), Atomz and Vitra, and source
investment opportunities in the software and computer systems sectors.
"Alain has an impressive, well-rounded operational background that he will
draw upon to generally advise and scale our portfolio companies now that the
market is picking up again," commented Eric Buatois, managing director of
Sofinnova Ventures. "On a more specific level, he has a solid understanding of
the technology needs of large companies, as well as their decision-making
processes. His insight and guidance will help some of our IT companies to
further strengthen their relationships with their customers, and potentially,
to shorten their sales cycles."
Most recently, Couder has been an entrepreneur, as chief executive officer
of Confluent Software, a web services management company for the enterprise
that was acquired by Oblix in February 2004. He was also CEO of IP Dynamics, a
security solutions company. Prior to this, Couder was chief operations officer
for Agilent Technologies, where he was responsible for all the operations and
management processes of the $10 billion company. As chairman and CEO of
Packard Bell NEC, he led the turnaround of the company, improving net
profitability by over $500 million in one year. Additionally, Couder was COO
of the $4 billion French computer company Groupe Bull, and an executive with
Hewlett-Packard and IBM.
"I'm delighted to join the extended Sofinnova Ventures team -- a smart and
enjoyable group of managing directors and portfolio company executives," said
Couder. "This is an intriguing opportunity for me. I began my career in
technical research roles in systems, software and networking. From there I
took on operations roles in large and small companies. In the venture arena, I
will continue to gain a broader view of both technology and industry."
Couder currently sits on the boards of Solid Technology and Acterna. He
received a Masters in Electrical Engineering from Ecole Superieure
About Sofinnova Ventures
San Francisco-based Sofinnova Ventures was founded in 1974. The firm
emphasizes a diversified investment strategy through financing seed and
early-stage companies in the life science and information technology sectors.
Historically, Sofinnova has been associated with leading companies such as
Biogen, Collagen, Genentech, Printronix, Tandem Computers and Tandon. More
recently, Sofinnova invested in Actelion, Aviron, Element-14 (Broadcom),
InterMune, Millennium Pharmaceuticals, Phone.com, Premisys, Seattle Genetics
and Tumbleweed Communications. Sofinnova Ventures has $600 million under
management. For more information, visit www.sofinnova.com.
SOURCE Sofinnova Ventures