Investors and Board of Directors
In December 2004, Vertafore, Inc. was acquired by an investor group comprised of Hellman & Friedman LLC, the San Francisco-based private equity firm and JMI Equity, a San Diego-based venture capital firm exclusively focused on the software and business service industries.
Hellman & Friedman LLC is a leading private equity investment firm with offices in San Francisco, New York and London. The Firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including information services, media and marketing, financial services, professional services, healthcare, and insurance. Since its founding in 1984, Hellman & Friedman has raised and, through its affiliated funds, managed over $16 billion of committed capital and is currently investing its sixth partnership, Hellman & Friedman Capital Partners VI L.P., with over $8 billion of committed capital. Representative investments in information services include Activant Solutions, Inc., Intergraph Corporation, IRIS Software Group, Kronos Incorporated, Mitchell International, Inc., and Vertafore, Inc. For more information, visit www.hf.com.
JMI Equity, based in Baltimore and San Diego, is a private equity firm exclusively focused on investments in growing software and business services companies at all stages of their lifecycles. Founded in 1992, JMI has invested in more than 90 companies throughout North America and has approximately $1.3 billion of committed capital under management. JMI provides the first institutional capital to self-funded companies, partners with management teams to acquire or recapitalize market leading companies, and selectively makes investments in early-stage companies. Representative investments include Blackbaud, DoubleClick, Kronos and Unica. For more information on JMI, visit www.jmiequity.com.
David Tunnell is the chairman of the Vertafore board of directors and a managing director of Hellman & Friedman. Mr. Tunnell's primary focus areas are the insurance and software/information services sectors. Mr. Tunnell is chairman of the board of GeoVera Insurance Holdings, Ltd. and Vertafore, Inc., and a director of Activant Solutions, Inc., Intergraph Corporation, Kronos Incorporated, and PARIS RE Holdings Limited. He was formerly a director of Arch Capital Group Ltd., Blackbaud, Inc., and Eastern Sea Laem Chabang Terminal Co., Ltd. Mr. Tunnell originally joined the firm in 1994. He was previously employed by the Banking Group of Lazard Frères & Co. in New York. Mr. Tunnell graduated from Harvard College and earned an MBA from the Harvard Business School. Mr. Tunnell also is a term member of the Council on Foreign Relations.
Euan C. Menzies is the president and chief executive officer of Vertafore and a member of the Board of Directors. Mr. Menzies joined Vertafore as president and chief operating officer in September 2000 and has been chief executive officer since May 2001. From 1987 until early 2000, Mr. Menzies was a senior executive with The Thomson Corporation, where he held a number of general management positions, most notably as the president and chief executive of Thomson's tax and regulatory division (RIA Group). From February 2000 until September 2000, he was chairman and chief executive officer of iClick, an Internet-based software and services company in the human resources sector. Mr. Menzies is a chartered accountant in the U.K., and earned his undergraduate degree (B.Acc) from Glasgow University, Scotland.
Andy Ballard is a managing director of Hellman & Friedman. Mr. Ballard serves as a director of Activant Solutions, Inc., Catalina Marketing Corporation, and Vertafore, Inc., and was formerly a director of DoubleClick, Inc. Prior to joining the firm in 2004, Mr. Ballard was employed by Bain Capital in San Francisco and Boston. Mr. Ballard graduated from Harvard College and earned an MBA from the Stanford Graduate School of Business.
Paul V. Barber joined JMI in 1998 and is based in San Diego, California. Mr. Barber is currently a director of Activant Solutions, Inc., Intergraph Corporation, Kronos, Inc., Service-now.com Inc., TC³ Health, Inc., and Vertafore, Inc. and oversees JMI’s investments in Attachmate Corporation and Global 360, Inc. His past JMI investment experience includes Blackbaud, Inc., DoubleClick, Inc., eBenX, Inc., Mitchell International, Inc., National Bankcard Association, Inc., and XtraCash, Inc. Mr. Barber was a director of Sterling Software, Inc. and a trustee of Stanford University. Before joining JMI, Mr. Barber was managing director and head of the Software Investment Banking Practice at Alex. Brown. Before joining Alex. Brown, Mr. Barber worked in product marketing at Microsoft Corporation and in investment banking at Merrill Lynch & Co. He graduated from Stanford University and the Harvard Business School.
Andrew M. Leitch is a director and serves as the chair of the Audit Committee for Vertafore, Inc. Mr. Leitch is currently an independent director for other public and private companies and serves as chairman and/or as a member of the Audit Committee for three additional Nasdaq companies. Until his retirement in 2000, Mr. Leitch was a senior partner for more than 20 years at Deloitte & Touche, where he was deeply involved in international business with direct responsibility for its Asian operations in the 1980s. He negotiated and directed the opening of Deloitte & Touche’s China practice and played a lead role in achieving its successful merger with a Hong Kong accounting firm, resulting in creation of the largest accounting firm in Hong Kong with over 2,500 personnel. Leitch launched Deloitte & Touche’s Asia Board of Partners and managed its initiatives serving as chairman through 1990.
Saloni Saraiya is a principal at Hellman & Friedman. Ms. Saraiya serves as a director of Goodman Global, Inc. and Vertafore, Inc. Prior to joining the firm in 2006, Ms. Saraiya worked at The Blackstone Group and at Columbia House Company, both in New York. Ms. Saraiya graduated from Harvard College and earned an MBA from the Stanford Graduate School of Business.