Former Siebel Systems and Precise Execs Join JVP as Venture Partners
JVP Deepens its Expertise in Enterprise Software Investing
With Alex Ott and Haim Kopans
NEW YORK, July 17 /PRNewswire/ -- JVP, an international venture capital firm focusing on early stage, hands-on investments in the enterprise software & networking, semiconductor & components and communications & mobile infrastructure sectors, announced today the addition of two new venture partners. Alex Ott, former senior executive with Siebel Systems and SAP and Haim Kopans, co-founder and former CTO of Precise Software Solutions will further enhance JVP's breadth of expertise in the software sector by building on the firm's ten-year history of successful exits in portfolio companies such as Precise [acquired by Veritas], Fundtech and Jacada. "We are extremely fortunate that these distinguished industry veterans have chosen to join JVP. Their collective know-how in identifying burgeoning market spaces in the enterprise software sector will play a key role in our future investments," said Erel Margalit, JVP founder and managing partner. "Both Alex Ott and Haim Kopans possess a keen sense of the market drivers and innovation in the sector and will bring an unparalleled level of expertise to JVP's strategic investments in the data integration, IT security, enterprise networking and business process analytics arenas." Alex Ott brings to the fund fourteen years of experience in the enterprise software field. While serving as a JVP advisor, he helped portfolio companies expand the firm's international market presence. His vast experience and industry network have already proven to be powerful assets in sourcing deals and in business development for JVP's portfolio companies. Mr. Ott will serve as venture partner in the firm's New York and London offices. Most recently Alex ran the Americas for Siebel Systems, with revenue responsibilities of over $1 billion. He was a member of Siebel's Executive Committee, and was previously responsible for building a major presence in Europe, the Middle East, and Africa. Under his direction, in just over two years, Siebel was able to achieve market leadership in CRM and e-business in more than 18 countries, growing revenues, customer volumes and employee base tenfold. Prior to joining Siebel, Alex held several executive positions at SAP AG, including member of the extended management board, and was instrumental in founding the SAP Global Partner Ecosystem, believed to be a $20B market today. With extensive expertise in growing sales, international markets, and shareholder value, Alex is helping JVP to source new investments around the world and offering strategic and practical counsel to the firm's portfolio companies. "JVP has developed a reputation as a thought leader in software investing in the software space and has the successful track record to prove it," said Alex Ott, venture partner with JVP. "In making my decision to work with them, I was especially impressed with their hands-on, international approach and rigorous due diligence process that allow the firm to identify and source some of the most exciting new deals in the space. JVP's current investments in software companies like Cyber-Ark, MagniFire, XMPie and SANgate are indicative of the types of companies I look forward to working with." Mr. Kopans, who joined JVP's Jerusalem office, has served as a key advisor to the firm and its portfolio over the last five years. JVP, the largest shareholder in Precise, worked closely with Mr. Kopans since its founding in 1990 helping take the company public in 2000. Prior to joining Precise, Mr. Kopans served a consultant with SCP Systems, and as Systems Analyst for the Israeli Defense Forces. As one of the foremost experts in the field of database and business process technologies, Mr. Kopans will utilize his vast experience and contacts to advise on and develop new business opportunities for JVP's current portfolio companies. In addition, Mr. Kopans will counsel JVP's financial professionals on new investments in the enterprise software sector. About JVP JVP is a leading international venture capital firm focusing on investments in early stage companies in the enterprise software & networking, semiconductors & components and communications & mobile infrastructure sectors. With over $670 million under management, and offices in NY, London, Jerusalem and Tokyo, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets. Through thirteen successful exits including Chromatis (acquired by Lucent Technologies), Precise Software Solutions (acquired by Veritas), Netro (NTRO), T.sqware (acquired by Globespan), Scorpio Communications (acquired by US Robotics) and Fundtech (FNDT), JVP continues to attract top tier institutional and strategic investors worldwide. To learn more about JVP, visit www.jvpvc.com. CONTACT: Susan Lindner Lotus Public Relations +1-212-737-3160 firstname.lastname@example.org
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