SAN FRANCISCO and NEWPORT BEACH, Calif., June 1, 2016 /PRNewswire/ -- Carrick Capital Partners, an investment firm focused on technology-enabled businesses including SaaS, Software, BPO and Transaction Processing, today announced that Mike Salvino, group chief executive of Accenture Operations, will be joining the firm as an Operating Partner, effective September 6th.
"We are very pleased to welcome Mike to our team. His unparalleled background as the head of a market-leading operations business could not be better suited to our business strategy," stated Jim Madden, co-founder and managing director of Carrick Capital Partners. "An addition of his caliber delivers breadth of experience and scale; reinforcing Carrick's market-leading position and empowering us to thoughtfully expand strategic investing. Mike's in-depth knowledge and expertise will be invaluable as we help entrepreneurs and CEOs take their companies to the next level," added Marc McMorris, co-founder and managing director of Carrick Capital Partners.
In his current role as group chief executive of Accenture Operations, which is one of Accenture's five businesses with more than $7 billion in annual net revenues and 100,000 people globally, Mike Salvino oversees Accenture's portfolio of business process services as well as infrastructure and cloud services. When he joins Carrick in September Mike will play an instrumental role working directly with portfolio company CEOs and applying Carrick's Approach to Building Value (ABV) to help them grow their businesses.
"Carrick is an exceptional organization that does great work scaling and investing in growing tech-services companies. I'm excited to leverage my career experience in helping clients move to as a service, to help scale growing businesses that are trying to revolutionize their industries," said Mike Salvino. "I am eager for the opportunity to positively impact these growing businesses," he added.
"During his 22-year career with Accenture, Mike played a critical role in driving success for Accenture Operations," said William Green, former executive chairman of Accenture. "This new role will be a great application of Mike's exceptional instincts in customer relationships, scaling businesses, and his innate understanding of those areas of value that are key to growing new market opportunities. I look forward to watching him continue to achieve success in this next stage of his career," he concluded.
About Carrick Capital Partners
Headquartered in San Francisco and Newport Beach, Carrick Capital Partners is a growth-oriented investment firm that utilizes ABV (Approach to Building Value) to operationally scale fast-growing, technology-enabled businesses. Carrick adds value by taking a concentrated approach and dedicating significant resources post-investment. Leveraging decades of experience, Carrick helps scale great companies that deliver excellent returns for investors, stimulating economic growth and positively impacting the industry landscape. Working directly with CEOs and entrepreneurs, Carrick fulfills a vital need for investment capital and growth expertise.
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SOURCE Carrick Capital Partners