The Lotus Innovations Fund's Strategic Board members all bring substantial expertise in building businesses, tracking trends, as well as mergers and acquisitions.
Irvine, CA (PRWEB) April 23, 2014
Lotus Innovations announced today the impressive line-up of executives joining the Strategic Board and Advisory Committees of the $10 Million Private Equity fund. According to Christian Mack, Managing Director, “It is rare to have such an expert team of knowledgeable and successful executives join a first time fund such as Lotus Innovations. Our Strategic Board Members all bring substantial expertise in building businesses, tracking trends, as well as mergers and acquisitions.
Ivo Tjan, a 2013 Robert Ross recipient, is the Founder, Chairman, President of CommerceWest Bank which he led to an IPO in 2001. As the youngest Chairman / CEO of a private bank, Mr. Tjan’s financial and investment insights are well utilized at Lotus Innovations.
With 25 years operating experience leading public and private technology firms, Fred Thiel, joins the Lotus Innovations Strategic Board with a great depth of technology expertise and the ability to drive hundreds of millions in revenue. As a CEO, Mr. Thiel led companies through rapid growth to IPO, re-positioned companies for high value exits to strategic and financial acquirers, led M&A and roll-up strategies.
Peter Clinton is a proven financial and start-up executive with a 25 year successful track record at investment and commercial banks, such as Goldman Sachs, Morgan Stanley, Lehman Brothers, CS First Boston, and Irving Trust. After 14 years in investment banking, Mr. Clinton now focuses on financial software development, eco ventures, and financial advisory services. Mr. Clinton adds a global financial, M&A, and software perspective to the Strategic Board.
Dan Chen, has 15 years of investment banking, private equity and corporate development experience in the technology, media and telecom industries. In these roles, he has been involved in transactions totaling over $5 billion in value throughout his career. Mr. Chen is a Managing Director at Siemer & Associates, LLC, a Los Angeles-based merchant bank focused on providing M&A and capital raising advisory services to companies in the software, digital media and Internet services space.
Al Zollar brings 34 years of IBM experience in the professional services and Saas business sectors to Lotus Innovations. As the General Manager of the IBM Tivoli software brand, a global, multi-billion dollar business within IBM’s $20B+ Software business, Mr. Zollar adds invaluable knowledge of the enterprise software and SaaS markets. Mr. Zollar is also a board member at Chubb Corp, Carnegie Speech Corp and PSEG
Mr. Mack adds “The Lotus Innovations’ Strategic Board and Advisory Committee members bring an aggregate of over 100 years of global business experience, with over $20 Billion in financial transactions. Their vast networks and expertise open accelerated growth opportunities for our portfolio companies.”
About Lotus Innovations
Lotus Innovations, located in Irvine, California is a $10M Private Equity fund focused on transforming Enterprise I.T. Services companies into SaaS-based companies. By operationalizing a repeatable process with Lotus Innovations’ proprietary methodology and embedded management, the fund creates a new paradigm that accelerates growth and valuations.
The innovative approach to investments in early stage Enterprise I.T. Services companies and subsequent transformation into SaaS companies, creates a systematic deal flow for other Private Equity firms and strategic alliance partners as each portfolio company is exited by Lotus Innovations.
Learn more at: Lotus-Innovations.com or call +1 (949) 484-9708