Firm's focus On Software & Software Services Yields Two Recent Transactions
SAN FRANCISCO, Dec. 21 /PRNewswire/ -- Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of life sciences, healthcare services, industrial technology, software and software services, today announced the appointment of Mark Hanson as a Managing Director.
"We have been extremely pleased with Mark's leadership with two significant software and software services transactions since he joined our team one year ago as Operating Partner," said Jean-Pierre L. Conte, Chairman and Managing Director of Genstar. "Mark has extraordinary operational expertise with both large organizations as well as smaller, highly entrepreneurial businesses where he helped to successfully build the operations of a number of companies. We believe his experience and insights in the software industry and his intense operating background will help us to identify additional investment opportunities in what has become a core investment sector for Genstar and create superior returns for our investors."
Mr. Hanson joined Genstar as an Operating Partner in 2006 with more than 24 years of experience in the software industry and leads the firm's investments in Software and Software Services. Prior to joining Genstar, Mr. Hanson served as Senior Vice President for Corporate Development and Chief of Staff for Siebel Systems, Inc., where he worked closely with the executive team to help the company return to growth in 2005. He was responsible for building the M&A function at Siebel and during his tenure the company made 17 acquisitions. Prior to that, he was President and Chief Operating Officer of Visigenic Software, Inc., a company he helped build from a startup entity with no revenues, through its IPO and sale to Borland Software Corporation. He also worked as a senior executive with other leading software companies, including Sybase, Inc., Macromedia, Inc., and Informix Software, Inc. Mr. Hanson is a graduate of Santa Clara University and received his MBA degree from Golden Gate University.
Genstar has completed two acquisitions in 2007 in the software and software services sectors, including the purchase of ConvergeOne, one of the largest independent providers of business communications solutions in the U.S. and TravelCLICK, a leading global provider of interactive distribution solutions and marketing services to independent and chain hotels worldwide.
About Genstar Capital, LLC
Based in San Francisco, Genstar Capital (http://www.gencap.com) is a private equity investment firm that makes leveraged investments in quality middle- market companies. Genstar Capital works in partnership with management to transform its portfolio companies into industry-leading businesses. With more than $3 billion of committed capital under management and significant experience investing in businesses, Genstar focuses on selected segments of life sciences, healthcare services, industrial technology, software and software services.
|SOURCE Genstar Capital, LLC|
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