Bay Partners Adds Richard Gorman to Investment Team -- New Hire to Focus on Software

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Richard Gorman has joined Bay Partners as a member of its investment team.

Richard Gorman has joined Bay Partners as a member of its investment team. The recent hire adds to Bay’s domain expertise and resources for early-stage software, consumer Internet, semiconductor and wireless investments. As Bay’s new team member, Richard will identify and lead software investment opportunities for the firm.

Richard Gorman joins Bay as Venture Partner with a focus on consumer and business software and open source software. Most recently, Richard was Senior Vice President of Products with Siebel Systems, where he drove product direction, strategy, and execution for over $1 billion in products, and integrated and managed five acquisitions of innovative software companies. He also served in senior management roles at Apple Computer, Sun Microsystems and Borland. Richard has been involved in a number of startups, including Ansa Software (developers of Paradox) which was acquired by Borland. Richard holds Bachelor and Master of Science degrees from the Massachusetts Institute of Technology, and a Master’s degree in management from the MIT Sloan School of Management.

“Richard possesses a passion for the hunt and extensive domain knowledge in our areas of technology focus. Most importantly, he is inextricably linked to what’s current and to the entrepreneurs who are doing new, compelling things,” said Neal Dempsey, Managing General Partner, Bay Partners. “We have supreme confidence in our deepened level of sector expertise and our strengthened ability to not only identify the best deals, but also help build the future’s leading companies.”

Richard joins Neal Dempsey, Bob Williams, Chris Noble, Atul Kapadia, Eric Chin, Neil Sadaranganey and Sandesh Patnam on the Bay Partners investment team.

About Bay Partners

Bay Partners, a Silicon Valley-based early stage venture capital firm focusing on software, consumer Internet, semiconductor and wireless investments, has been building successful technology companies since 1976, funding more than 350 startups. Bay leverages the operating backgrounds of its partners and its extensive network of executives and advisors to help outstanding entrepreneurs create the leaders in new, high-growth market segments. Notable successes from Bay’s portfolio include Brocade, Concord Communications, Exodus, Sonicwall, Placeware, Informatica, Web Logic, Digital Island and NetScaler. Bay is currently investing its eleventh venture fund and has over $1 billion under management. Visit http://www.baypartners.com.

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Press Contacts:

Vicki Sakakeeny

781-475-8720    

Luciana Castro

408-725-2444

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