Iron Capital Appoints Dr. Don Basile as Managing Director for Venture Arm

Apr 08, 2009, 18:04 ET from Iron Capital

SAN FRANCISCO, April 8 /PRNewswire/ -- Iron Capital today announced the appointment of Dr. Don Basile as Managing Director of its venture capital unit, Iron Capital Partners.

"Don's domain knowledge and track record of growing successful ventures such as Fusion-io and RFI, will be invaluable to Iron Capital and its portfolio companies as we deepen our investment into disruptive players in diverse markets, from data storage management to wine services," said Jason Blum, Iron Capital founder and CEO.

Most recently Dr. Basile was CEO of Fusion-io. Dr. Basile brings more than 20 years of experience to Iron Capital Partners, having driven innovation at leading public and private companies in areas including data networking, cable, telecommunications, computing and semiconductors. Among his past accomplishments, Dr. Basile has been involved with the management, growth and sale of companies valued at more than $2 billion.

Dr. Basile spent nearly four years as vice-president and managing director of Raza Foundries, Inc. (RFI), a broadband networking and communications investment company. Prior to RFI, he held management positions at Remarq Communities, Inc., a premier Internet infrastructure provider; Netfish Technologies, Inc., a leader in XML ecommerce; and Lenfest Communications, a pioneer in the cable television industry. Dr. Basile holds a PhD from Stanford University.

"At RFI we were one of the most successful technology venture accelerators, providing access to promising companies on behalf of corporate backers," commented Don Basile. "Iron Capital represents an evolution of this model, providing significant access to high potential businesses across a variety of segments to sophisticated private investors, private equity firms, strategic investors and traditional venture capitalists, while providing a platform for the exchange of equity at more continuous points along a company's evolution than discrete funding events."

About Iron Capital

Headquartered in San Francisco, Iron Capital is pioneering an investment model that will provide significantly enhanced access and liquidity to the venture backed private company market. Iron Capital is a comprehensive venture focused private equity services firm that provides the traditional services of venture capital combined with the flexibility of capital resources provided with a fully licensed investment bank. Iron Capital Partners works with companies involved in IT infrastructure, software, SaaS, mobile technologies, digital media, and clean technologies. Marrying Venture Capital activities with its registered broker dealer, Iron Capital Securities, LLC, allows the Iron Capital companies to offer a full array of services to growth companies.

SOURCE Iron Capital