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SOURCE Insight Venture Partners
NEW YORK, Jan. 14, 2014 /PRNewswire/ -- Insight Venture Partners, the global, growth-focused venture capital and private equity investment firm, today announced that Euan Menzies, former chief executive officer of Vertafore, Inc., has joined the firm in the position of Venture Partner as part of Insight's strategy to broaden its multi-disciplinary approach to investment and portfolio company management.
As a Venture Partner, Mr. Menzies will provide strategic guidance to Insight professionals throughout the investment process, from sourcing new investments through exit. He also will advise portfolio company executives on management, operations, growth strategy and M&A, while supporting Insight's senior investment partners and the firm's operations team of business executives. Mr. Menzies has had a long business relationship with Insight, stemming from Insight's investment in Vertafore in 2000.
Jeff Horing, Insight founder and managing director, said, "We are pleased to welcome Euan back to the Insight team following a remarkable career as a software company executive. We believe Euan's depth and scope of strategic and business experience in the development and growth of SaaS software businesses will help us build value in our existing portfolio and make new promising investments."
Mr. Menzies said: "I am excited to re-join my colleagues at Insight and support their commitment to building high-value technology companies worldwide. The team at Insight has a track record of success and I am eager to contribute to their efforts."
Euan has worked in the software industry since the early 1990s and has a history of driving innovation and business transformation. From 2001 until October 2013, Mr. Menzies was the CEO of Vertafore Inc., a leading provider of SaaS software and information solutions to the U.S. insurance sector. He helped grow Vertafore through the successful transition of the company's offerings from on-premise to SaaS solutions. He also helped guide the profitable integration of more than a dozen strategic and tactical acquisitions. Vertafore was acquired by TPG Capital for $1.4 billion in July 2010.
Earlier in his career, Mr. Menzies was a senior executive with The Thomson Corporation (now Thomson Reuters), with responsibility for Thomson's Tax & Regulatory information and software business units. Euan continues to be actively involved at Vertafore as Vice Chairman and board member. He also has served as a board member for several private technology companies and non-profit organizations. He is a member of GlobalScot, an international network of senior executives with strong ties to Scotland and the Scottish business community providing support to the development of Scotland's economy.
"We see tremendous opportunity, innovation and growth in the technology sector and we're taking a multi-disciplinary approach to investing in the market," said Deven Parekh, managing director at Insight. "Euan's appointment to Venture Partner fits with our approach of deepening Insight's software, operational and management expertise. We are thrilled to have him on our team."
About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture capital firm investing in software, Internet, and data-services companies. Founded in 1995, Insight has raised more than $7.6 billion and made more than 200 investments worldwide. Insight's mission is to find, fund, and work successfully with visionary executives who are driving change in their industries. Insight provides them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and its investments, visit www.insightpartners.com .
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