Carrick Capital Partners has added for new members to its executive team with the additions of Steve Unterberger as Chief Technology Officer and Special Advisors Kenneth Coleman, Raul Fernandez, and Tom Neff.
Carrick Capital Partners invests in companies with revenues of $5 million to $50 million that serve large markets with business models that allow for increasing profitability as they gain scale. Carrick focuses on investing in companies that provide technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software. The firm was co-founded in 2012 by Marc McMorris, a former General Atlantic managing director who led investments in business services and software, and Jim Madden, the previous founder and chief executive of Exult, a human resources business processing company. Carrick Capital Partners is based in San Francisco (www.carrickcapitalpartners.com).
“We are very pleased to have attracted such outstanding additions to our team. Their in depth knowledge of the people and the process behind business process outsourcing and software companies, and their experience building entrepreneurial businesses will be invaluable as we help entrepreneurs and CEOs take their companies to the next level,” said Mr. McMorris.
“Steve Unterberger and I built Exult together as company co-founders. He has more than 20 years of technology and BPO experience and is particularly well versed in high growth BPO businesses. Raul Fernandez is a high-tech, serial entrepreneur who has worked with members of the Carrick team for more than 10 years. Kenneth Coleman is a seasoned technology executive with deep roots in Silicon Valley. Tom Neff has directed more than 300 CEO and 600 board searches and has an unparalleled knowledge of the leadership executives in this industry. Together these additions will provide greater breadth of experience and better delivery of Carrick’s ABV (Approach to Build Value) for our portfolio companies,” said Mr. Madden.
Before joining Carrick, Mr. Unterberger held several positions at Exult culminating in the role of business model architecture president until the time of its acquisition by Hewitt Associates in 2004. Prior to Exult, Mr. Unterberger was a US executive vice president of SHL Systemhouse, a $2 billon IT outsourcing company acquired by MCI in 1995. Earlier in his career, he was also a senior manager at Pricewaterhouse Coopers.
Special Advisor Tom Neff has worked for Spencer Stuart & Associates, an executive search consulting firm, since 1976, serving as president of the worldwide firm from 1979 to 1996. Since 1996, he has served as chairman of Spencer Stuart, U.S. Previously, he was a principal with Booz Allen & Hamilton in executive search, CEO of an information systems company and held a senior marketing position with TWA. Earlier, he was a management consultant with McKinsey & Company in New York and Australia. Mr. Neff serves on the boards of directors of ACE Limited, an $18 billion Zurich-based insurance company. He served on the boards of Hewitt Associates, Macmillan and Exult until they were acquired and also served on the board of the Lord Abbett mutual funds.
Special Advisor Raul Fernandez is the chairman of ObjectVideo and former chairman & CEO of Dimension Data. Prior to these positions, he was the founder & CEO of Proxicom, a provider of e-business solutions for Fortune 500 companies. Mr. Fernandez led the company to an IPO in 1999, grew the company to over $200 million in revenue, and sold it to Dimension Data. He led the Information Technology Analysis Team for Virginia Governor Mark Warner’s Commission on Efficiency and Effectiveness. He sits on the boards of Fifth and Pacific (formerly known as Liz Claiborne), EXP (formerly TROW) and ValueOptions, the nation’s largest independent behavioral healthcare company. Mr. Fernandez is Vice Chairman of Monumental Sports & Entertainment, a private partnership which owns the NBA’s Washington Wizards, the NHL’s Washington Capitals and the WNBA’s Washington Mystics and owns and operates the Verizon Center.
Special Advisor Kenneth Coleman is chairman of Saama Technologies, a provider of services and solutions in the data and analytics market. He is the founder and former chairman/CEO of ITM Software. He served as executive vice president of global sales, service, and marketing for Silicon Graphics, vice president of product development at Activision, and various management positions at Hewlett-Packard. Mr. Coleman is a director of City National Bank, United Online, Accelrys, and is a member of the advisory board of the Ohio State University Business School.
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-27-13
