Insight Venture Partners, the global, growth-focused venture capital and private equity investment firm, announced that Euan Menzies, former chief executive officer of Vertafore, Inc., has joined the firm in the position of Venture Partner as part of Insight’s strategy to broaden its multi-disciplinary approach to investment and portfolio company management. Deven Parekh is a managing partner at Insight Venture Partners.
As a Venture Partner, Mr. Menzies will provide strategic guidance to Insight professionals throughout the investment process, from sourcing new investments through exit. He also will advise portfolio company executives on management, operations, growth strategy and M&A, while supporting Insight’s senior investment partners and the firm’s operations team of business executives. Mr. Menzies has had a long business relationship with Insight, stemming from Insight’s investment in Vertafore in 2000.
“We see tremendous opportunity, innovation and growth in the technology sector and we’re taking a multi-disciplinary approach to investing in the market,” said Deven Parekh. “Euan’s appointment to Venture Partner fits with our approach of deepening Insight’s software, operational and management expertise. We are thrilled to have him on our team.”
Euan Menzies has worked in the software industry since the early 1990s and has a history of driving innovation and business transformation. From 2001 until October 2013, Mr. Menzies was the CEO of Vertafore Inc., a leading provider of SaaS software and information solutions to the U.S. insurance sector. He helped grow Vertafore through the successful transition of the company’s offerings from on-premise to SaaS solutions. He also helped guide the profitable integration of more than a dozen strategic and tactical acquisitions. Vertafore was acquired by TPG Capital for $1.4 billion in July 2010