Norwest Venture Partners Strengthens Leadership Team and

Norwest Venture Partners Strengthens Leadership Team and Launches
Into 2013 With Record Growth and Momentum 
Jeff Crowe and Matthew Howard Promoted to Managing Partner; Sonya
Brown Promoted to General Partner 
PALO ALTO, CA -- (Marketwire) -- 01/23/13 --  Norwest Venture
Partners (NVP), a global multi-stage investment firm, today announced
that Matthew Howard and Jeff Crowe have been promoted to Managing
Partner, and Sonya Brown has been promoted to General Partner.  
NVP strengthens its leadership team as the firm enters 2013 with
significant growth and investment momentum across multiple stages,
regions and sectors. During the last 12 months, NVP made 30 new
venture and growth equity investments globally, grew the firm to 80
employees worldwide, and brought its total number of active portfolio
companies to more than 100.  
Also announced today, Promod Haque has been named to Senior Managing
Partner at NVP. Haque continues his leadership position at the firm,
making and overseeing new investments and playing an active role on
the boards of such NVP portfolio companies as Apigee, CareCloud,
Cyan, FireEye, Health Catalyst, PCH International, Virtela and Yatra.
After nearly 25 years with NVP, Managing Partner George Still is
transitioning to Partner Emer
itus.  
"Today's promotions recognize the deep talent and strong
contributions our partners have made to our firm and our portfolio
companies," said Haque. "Jeff and Matt have delivered outstanding
results to NVP over the years and earned the respect of the
entrepreneurs and investors with whom they've worked. They have both
played an integral role in building NVP globally and adding
significantly to our firm's culture and overall success. We look
forward to their ongoing contributions and leadership as managing
partners in the years ahead." 
The NVP Growth Equity team has seen strong growth in the past year,
expanding to 13 investment professionals in the U.S. and investing
more than $250 million in seven new companies. "Sonya has been a
tremendous asset to our growth equity team and a strong contributor
to our firm," Haque added. "We're pleased to recognize Sonya and look
forward to continued success in her general partner role at NVP." 
Matthew Howard joined NVP in 2000 with 25 years of experience in
marketing, product management, engineering, business development and
sales in a wide range of technologies. Matt leads NVP's Enterprise &
Infrastructure sector team that actively partners with entrepreneurs
in the big data, cloud infrastructure, healthcare IT, enterprise
systems, mobile, security and storage sectors. NVP has invested more
than $80 million in new venture investments in these sectors during
the last 12 months, including such companies as ClearDATA Networks,
Health Catalyst, Pertino, Elemental Technologies, Skybox Imaging,
Seculert, ScaleIO and Act-On Software.  
Matt has appeared on the Forbes Midas List as a top 100 investor for
three years. He focuses on mobile, security, rich media, cloud based
services/applications, networking and storage investments at NVP and
currently serves on the boards of Avere Systems, Blue Jeans Network,
ConteXtream, Exablox, Hadapt, MobileIron and Pertino Networks. He is
a board observer at FireEye. Previously, Matt was on the board of
Airespace (acquired by Cisco Systems), Omneon (acquired by Harmonic),
Reconnex (acquired by McAfee), Retrevo (acquired by Shopzilla),
Skystream Networks (acquired by Tandberg Television), SpectraLinear
(acquired by Silicon Laboratories), Spinnaker Networks (acquired by
Network Appliance), Summit Microelectronics (acquired by Qualcomm),
Swan Labs (acquired by F5 Networks) and Webstacks (acquired by
Extreme Networks). He was a board observer with Veraz Networks
(NASDAQ: VRAZ), Yipes (acquired by Reliance/Flag Telecom) and
ZettaCom (acquired by IDT).  
Before joining NVP, Matt was an early employee of Cisco. After
joining the company in 1992, Matt held a number of senior positions
with Cisco's IOS organization and the Internet Business Unit.
Previously, Matt was vice president of marketing at Vertical
Communications and held various positions at Digital Equipment
Corporation, BDM International, and Bolt, Beranek and Newman (BBN)
Communications Corporation. He began his career as a cryptological
analyst with the U.S. Naval Security Group. Matt served as a
consultant to the U.S. Department of Defense (DeVenCI) Program. He
also holds one patent in mobility and two in cyber security. Matt
holds a bachelor of business administration, with an emphasis in
information systems, and a master of science degree in
telecommunications management. View Matt Howard's complete biography
here. 
Jeff Crowe joined NVP in 2004 and focuses on Internet, consumer and
software investments at NVP. Jeff leads NVP's Internet & Consumer
sector team that actively partners with entrepreneurs in the ad tech,
consumer services, digital media, e-commerce, enabling Internet
technologies, mobile, retail and social sectors. The team has
invested in such market leaders as Adaptive Planning, Badgeville, The
Echo Nest, Gemvara, Gilt Groupe, Lending C
lub, Lumosity, ModCloth,
Motif Investing, Quirky, Rafter, Turn and WhaleShark Media
(RetailMeNot.com). NVP has invested more than $80 million in new
venture investments in the enabling Internet technologies and
e-commerce sectors during the last 12 months. 
Jeff currently serves on the boards of AdChina, All Reach Media,
Badgeville, deCarta, Extole, InfoArmy, Lending Club, Nano-Tex,
SocialVibe, The Echo Nest, Turn and WhaleShark Media. He is also
involved with Lashou. Jeff's previous investments include Admeld
(acquired by Google), Jigsaw (acquired by Salesforce.com), Tuvox
(acquired by West Interactive), and he was a board observer at Cast
Iron Systems (acquired by IBM).  
Prior to NVP, Jeff served as President, COO and board member of
DoveBid, Inc., a privately held business auction firm, which expanded
during his tenure via internal growth and acquisition from a $10
million revenue run rate to a $120 million revenue run rate with 400
employees. From 1990 to 1999, Jeff was co-founder, President, CEO and
Board member of Edify Corporation, a venture backed company focused
on voice and internet e-commerce platforms and applications. Edify
held its IPO in 1996 and was sold to S1 Corporation in 1999.
Previously, Jeff worked at ROLM Corporation, IBM and Siemens in
marketing and general management. Jeff led the marketing for the
voice messaging division within ROLM, which grew from startup to $50
million in revenue. Jeff holds an MBA from Stanford Graduate School
of Business, where he was an Arjay Miller Scholar, and a BA in
History, summa cum laude, from Dartmouth College. View Jeff Crowe's
complete biography here. 
Sonya Brown joined NVP in 2011. She has more than a decade of growth
equity experience and is focused on investing across a wide range of
sectors including consumer, information services, software, business
services and financial services. Sonya is a part of the NVP Growth
Equity team which has grown to 13 investment professionals in the
U.S. and 19 growth equity investment professionals globally. The U.S.
Growth Equity team invested more than $250 million in seven new
companies over the last 12 months, including such companies as Alarm
Capital Alliance (ACA), Manta Media, PICS, Rainmaker Group and other
transactions that have not yet been announced. The team continues to
expand to pursue the many prospects it is seeing -- particularly fast
growing companies with strong market positions, significant revenue
and net income traction. 
Sonya currently sits on the board of directors of Alarm Capital
Alliance (ACA), as well as two other undisclosed NVP growth equity
companies. Previously, Sonya was at Summit Partners, a private equity
firm with more than $11 billion under management, where she worked
for nine years in the Boston office and was responsible for leading
the firm's Consumer and Internet Industry Group in North America. Her
most recent and past board directorships and investments include
Aramsco, Airborne Health, Central Security Group, Physicians Formula
Holdings (NASDAQ: FACE), Snap Fitness and Sparta Systems. 
Prior to Summit, Sonya was a founder and General Partner of iXL
Ventures in 1999, where she oversaw the funding and growth of
numerous technology and Internet companies. In addition, she was Vice
President of Corporate Development for the parent company iXL
Enterprises, Inc., one of the largest global web development
companies at that time. Sonya began her career in the investment
banking division of Bear Stearns where she worked on numerous
consumer and media transactions. Sonya holds a bachelor of science
degree from Northwestern University and an MBA from Harvard Business
School. In addition, she is a Chartered Financial Analyst. View Sonya
Brown's complete biography here.  
About Norwest Venture Partners
 Norwest Venture Partners (NVP) is a
multi-stage investment firm that has partnered with entrepreneurs to
build great businesses for more than 50 years. The firm manages over
$3.7 billion in capital and has funded more than 500 companies since
inception. Headquartered in Palo Alto, Calif., NVP has subsidiaries
in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early
to late-stage venture and growth equity investments across a wide
range of sectors including: technology, information services,
business services, financial services, consumer products/services and
healthcare. For more information visit: www.nvp.com. Follow NVP on
Twitter @NorwestVP. 
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CONTACT: 
Katie Belding 
Norwest Venture Partners (NVP)
650-321-8000
kbelding@nvp.com 
 
 
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