Deven Parekh Announces Completion of Insight Venture Partners $2.57 billion Fund XIII

Deven Parekh, through Insight Venture Partners, has announced that the Company recently raised $2.57 billion for Fund XIII. This is the company’s eighth fund since its establishment in 1995. This is among the largest funds ever raised.

Insight Venture Partners is headquartered in NYC. Insight is a top private equity and venture capital company. It invests in eCommerce, Internet, on-premise, as well as Software as a Service (SaaS)-based software and data-services firms.

Insight Venture Partners had raised $1.5 billion for a fund plus a $500 million co-investment vehicle in its most recent fund prior to this particular one. So far, the firm has raised a collective $7.6 billion. This new fund raise makes it possible for Insight to issue checks, which are up to $300 million in total. The Company reaches and tracks roughly 30,000 companies annually. Insight, via Deven Parekh, its additional managing directors, and more than fifty employees, makes 10-20 investments yearly.

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Deven Parekh Announces Investment in Campaign Monitor

Deven Parekh, through Insight Venture Partners, has announced Insight’s investment in Campaign Monitor. Campaign Monitor (established in 2004) is a global leader in Software as a Service (SaaS) -based email marketing and design solutions. Insight invested US$250 million in this entity. This is Campaign Monitor’s first round of funding.

Mr. David Greiner and Mr. Ben Richardson are the co-founders of Campaign Monitor. In excess of 100,000 paying clients in 170 countries depend on Campaign Monitor to manage their email marketing. Campaign Monitor is a foremost email marketing solution for creative agencies, high-growth businesses, and major international companies.

Insight and Deven Parekh work to discover, finance, and work successfully with forward thinking executives who are pushing change in their particular sectors. Mr. Parekh and Insight provide these executives and their businesses with hands-on, practical growth knowledge to cultivate long-term success. Mr. Parekh and Mr. Nikitas Koutoupes (Insight Venture Partners Managing Directors) as well as associate Mr. Dan May, will become members of Campaign Monitor’s Board of Directors.

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Deven Parekh and Jeff Lieberman Recognized for Recent Achievements

AlwaysOn has chosen a couple of Managing Directors from Insight Venture Partners as Venture Capital 100 winners. The two of these are Jeff Lieberman and Deven Parekh. The Venture Capital 100 (VC100) winners for 2013 were nominated by their peers. These include industry insiders, investors, journalists, and bankers. AlwaysOn is the foremost business media brand. AlwaysOn informs as well as connects the entrepreneurial circle within the Global Silicon Valley.

Mr. Parekh joined Insight Venture Partners in January 2000. He has served as a Director since January of 2004. Mr. Lieberman joined up with the firm in 1998. Before joining Insight, he had been a management consultant at McKinsey & Co. During his career there, he concentrated on strategic and operating matters in the financial services, technology, and consumer products industries.

The 2013 selection of Deven Parekh by AlwaysOn recognized as noteworthy his investments in Chegg and Twitter. Jeff Lieberman’s selection recognized as notable his investment in Cvent. Deven, Jeff and all the winners were chosen from amongst 100s of people in the intercontinental technology entrepreneurial community.

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Deven Parekh Announces Euan Menzies Has Been Hired by ISP

Deven Parekh of Insight Venture Partners announced earlier in 2014 the hiring of Euan Menzies as Venture Partner. This is part of Insight’s strategy to grow its multi-disciplinary approach to portfolio company and investment management. Mr. Menzies is the former CEO of Vertafore, Inc. He functioned in this role from 2001 until October of 2013.

Euan Menzies will provide strategic guidance to Insight Venture Partner professionals during the entire investment process. Moreover, he will give advice to portfolio company executives on management, operations, growth strategy, and Mergers & Acquisitions. He will perform this while assisting the company’s senior investment partners and Insight’s operations team of business executives.

Deven Parekh, managing director at Insight, explained, “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.” Euan Menzies has worked in the software sector since the early 1990′s. He has a record of driving business transformation and innovation.

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Deven Parekh Debuts on Forbes Midas List

Deven Parekh is Managing Director at Insight Venture Partners. This firm has its headquarters in New York City. Insight Venture Partners is a foremost private equity and venture capital firm. He oversees investments in application software, e-commerce, and consumer internet data companies. This year, Mr. Parekh debuted high on the Forbes Midas List. He’s a graduate of the Wharton School. He’s on the Board of Directors at Fanatics, which is an online retailer for sports merchandise.

Deven Parekh had a 2009 investment in Twitter as well as investments in Flipboard, Chegg, and Tumblr. Moreover, he helped in navigating Tumblr to its sale to Yahoo a year ago. Additionally, he attained success with BuddyMedia. BuddyMedia was acquired by Salesforce in 2012 for $785 million. Moreover, in 2012, he guided a $165 million equity investment in Drilling Info. They are an Austin, Texas-based data intelligence provider for the oil and gas industry.

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Deven Parekh Welcomes Lonne Jaffe to Syncsort

Deven Parekh is a managing partner at Insight Venture Partners, one of the owners of Syncort.
Deven Parekh announced that Lonne Jaffe, who ran strategy for CA Technologies, Inc. has joined Syncsort Inc. as chief executive officer of its data integration business, where he will focus on expanding the company’s big-data service through acquisition.

Jaffe will help the 45-year-old company capture a larger slice of businesses that let customers mine vast troves of information to make better decisions, Deven Parekh, a managing director of Insight Venture Partners, said recently. Before he joined CA, Jaffe was vice president of software technology while at IBM.

“Lonne Jaffe has a skill set to be a chief technology officer, but at the same time has an understanding of mergers and acquisitions and he executed on M&A strategy at both IBM and CA,” said Deven Parekh. “We have not been particularly M&A oriented and have not looked at much from the standpoint of inorganic growth and Lonne clearly brings that to the table.”

Parekh points to Jaffe’s experience at CA, which is undergoing a mix of acquisitions and divestitures to help compete with younger technology rivals. The company this month purchased Layer 7 Technologies, which helps businesses manage application-programming interfaces. In April, the Islandia, New York-based company acquired Nolio, which provides tools for software developers.

New Jersey-based Syncsort had more than $100 million in revenue last year. The company, which is owned by Insight, Bessemer Venture Partners, Goldman Sachs Group Inc., Georgian Partners and co-founder Aso Tavitian, is being split into two operating parts, with Jaffe overseeing the data integration business, which represents about 70 percent of revenue. Flavio Santoni, who previously was CEO of the entire company, will oversee the data-security unit.
Jaffe said the data-protection business will eventually become a separate company. He will also focus on expanding the company’s Hadoop service, an open-source software that helps process large sets of data.

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Deven Parekh Serves On The Board At Chegg A Progressive Textbook Rental Provider

In addition, Deven Parekh serves as a Director on the Board of Chegg. Chegg’s approach is money-saving, rental access to textbooks. Chegg is one of the Internet’s fastest growing new companies and the leading online textbook rental company. For each book rented, Chegg plants a tree by means of American Forest’s Global ReLeaf Program.

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Deven Parekh Serves On The Board Of Hayneedle An Internet Shopping Enterprise

Deven Parekh is on the Hayneedle Board as a Director. Hayneedle operates as a web retail business. They provide home and lifestyle products. Hayneedle was founded in 2002 and they have their head office in Omaha, Nebraska.

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At Insight Venture Partners, Deven Parekh Concentrates On Global Software, Technology-Driven Services And Internet Companies

Deven Parekh and the Insight team specialize in innovative and forward thinking companies. Global software, technology-driven services and Internet businesses gain from Insight’s extensive business expertise. The organization is one of the fastest growing venture capital and private equity firms.

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Deven Parekh Is A Partner And Managing Director At Insight Venture Partners, A Major Private Equity Company

Founded in 1995 by Jerry Murdock and Jeff Horing, Insight Venture Partners presently possesses a capital base of approximately $3 billion. As a Managing Director and Partner at the firm, Deven Parekh focuses exclusively on Internet-enabled and software enterprises.

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