New York, NY, July 29, 2013 – Insight Venture Partners, a leading growth investor in global SaaS-based software, e-Commerce, Internet and data-service companies, has recruited Ross Devor as Vice President.
Ross will focus primarily on leveraged buyouts and majority recapitalizations in both high-growth and mature software categories. He will further help lead new investments in the Application and Infrastructure software verticals markets.
Prior to joining Insight, Ross was a member of the investment team at Thoma Bravo, where he completed multiple platform and follow-on software buyout transactions. His role included vertical sourcing, operational and market due diligence, and arranging financing commitments. Post investment, Ross was active at both the Board and company level, supporting operating improvements at portfolio companies, and inorganic growth initiatives. Earlier in his career, he worked at Morgan Stanley.
“We anticipate that Ross will be a key contributor to our deal team as Insight looks to invest our recently raised $2.57 billion fund,” said Jeff Horing, managing director at Insight Venture Partners. “His experience working with technology companies in investment transactions and M&A expands our existing capacity and we’re pleased to welcome him aboard.”
In May 2013, Insight announced the closing of Fund VIII, which has the ability to deploy equity amounts of up to approximately $300 million per transaction in growth stage and more mature companies, as minority or control transactions. To date, Insight has made three investments from Fund VIII: Kaseya; Anaqua and Media Spectrum.
About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture capital firm investing in software, eCommerce, internet and data-services companies. Founded in 1995, Insight has raised more than $7.6 billion and made more than 190 investments worldwide. Our mission is to find, fund and work successfully with visionary executives who are driving change in their industries. We provide them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com
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