FTV Capital Names New Partner
SAN FRANCISCO & NEW YORK, April 24, 2014-- FTV Capital, a sector-focused growth equity investment firm, today announced the promotion of Liron Gitig to partner.
Mr. Gitig joined FTV Capital in 2006 and has more than 17 years of experience in growth and private equity, venture capital, technology and investment banking. Mr. Gitig leads investments in enterprise solutions (business services and technology) and currently serves on the boards of FTV Capital portfolio companies including Centro, GigaSpaces, OpenSpan, Shoutlet and Utopia. He previously served on the board of Aveksa, a leader in business-driven identity and access management, which was acquired by EMC Corporation in 2013.
Prior to joining FTV Capital, Mr. Gitig was responsible for software investments at venture funds including Lazard Technology Partners, Giza GE Venture Fund and BRM Capital. Before embarking on his career in venture capital, he served as vice president of corporate development at Fundtech Corporation, a global provider of electronic payments, cash management and settlement solutions. Mr. Gitig began his career as an investment banker at Lehman Brothers, where he provided corporate finance and strategic advisory services to leading companies in the technology industry. Mr. Gitig received a BS magna cum laude in finance from the Wharton School at the University of Pennsylvania and a joint JD/MBA degree with honors from the Columbia Law and Business Schools.
“We are pleased to recognize Liron’s accomplishments and his many contributions to FTV,” said Richard Garman, FTV Capital managing partner. “The combination of Liron’s impressive networking and sourcing skills, his deep technical expertise and his sophisticated comprehension of the needs of the enterprise make Liron an outstanding investment partner.”
FTV Capital also recently announced it closed its oversubscribed fourth fund at $700 million.
About FTV Capital
FTV Capital is a growth equity investment firm that has raised over $1.8 billion since inception to invest in high-growth companies offering a range of innovative solutions in four sectors: business services, financial services, payments/transaction processing and technology. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for more than a decade. Many successful companies have partnered with FTV including Castle Pines Capital (acquired by Wells Fargo), Coremetrics (acquired by IBM), ExlService (IPO), Financial Engines (IPO), Fleet One (acquired by Wright Express), Mu Sigma (sold to General Atlantic and Sequoia), PowerShares (acquired by Invesco), Varicent (acquired by IBM) and Verus Financial Management (acquired by The Sage Group). Founded in 1998, FTV Capital has invested in 82 portfolio companies and has offices in San Francisco and New York. For more information, please visit www.ftvcapital.com.
Karen Derr Gilbert, 415-229-3000
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