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NEA Promotes Ravi Viswanathan to General Partner and Names Frank Torti to Principal Post
Date:10/14/2009

MENLO PARK, Calif., Oct. 14 /PRNewswire/ -- New Enterprise Associates, Inc. (NEA), a leading global venture capital firm, today announced that Ravi Viswanathan, PhD, has been promoted to General Partner. Dr. Viswanathan, who joined the firm in 2004, is focused on energy and growth equity information technology investments, as well as the firm's activities in India. The firm also promoted Frank Torti, MD, to Principal. Dr. Torti joined NEA in 2007 and is focused on both private and public investing activities within the firm's healthcare practice.

"These promotions continue a long trend of recognizing individuals within NEA who prove themselves to be great investors and great partners," said Peter J. Barris, Managing General Partner of NEA. "We are pleased to recognize the contributions of both Ravi and Frank, demonstrating that during a time of extreme challenge for our industry NEA continues to strengthen and build upon its core strengths."

Dr. Viswanathan's current board memberships include Availink, Deeya Energy, ISGN Technologies, Jentro Technologies, Solar Junction, Suniva, and ViXS. He also works closely with GlobalLogic, OANDA, and other companies within NEA's energy technology portfolio. Prior investments include Tele Atlas.

"Ravi has demonstrated tremendous leadership within NEA's energy and information technology growth equity practices, playing an integral role in several highly successful exits and leading investments in some of the key value drivers in the firm's portfolio," said Mr. Barris. "His depth of expertise across several sectors adds considerable strength both at the portfolio level and with respect to NEA's overall investing strategy."

Before joining NEA, Dr. Viswanathan worked at Goldman, Sachs & Co. where he was co-head of their private equity group's technology practice and led direct, fund, and secondary investments in the areas of information technology and life sciences. Prior to
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SOURCE New Enterprise Associates, Inc.
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