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Updata Partners Adds Amber Gray as Associate; Darden Graduate and Former Informatica Product Marketing Manager Joins Investment Team as Software VC Funding Activity Increases
RESTON, Va. --(Business Wire)-- Aug. 17, 2006 -- Updata Partners, a leading information technology-focused venture capital firm, announced today that Amber Gray has joined the firm as an Associate. Gray was first selected for an internship with Updata in 2005 through her participation in The Batten Institute's VC Bootcamp while completing an MBA at the University of Virginia's Darden School of Business. Gray, a former Product Marketing Manager at Informatica Corporation, will leverage her expertise in the data integration and business analytics software sector to source new investments and support Updata portfolio companies.
"We are seeing an increase in the quantity and quality of early stage software opportunities, reflected in the new investments we've made this quarter," said Tim Meyers, General Partner at Updata Partners. "Amber's leadership skills, entrepreneurial instinct and understanding of the software industry will help us identify new portfolio companies among a growing number of promising leadership teams applying software and Internet-related technologies in transformational ways."
Before joining Updata Partners, Gray led launch efforts for Informatica's CRM analytics suite of products, including Informatica Web Channel Analytics. In 2004, she championed post-merger integration efforts with UK-based Striva Corporation to launch Informatica PowerExchange, a mainframe connectivity product. Gray's early professional experience included consulting and marketing roles at startups Clarus Systems, InPart and Packet Engines.
Gray earned an M.B.A. at the University of Virginia Darden School of Business, where she was awarded a Genovese Fellowship for academic performance and dedication to entrepreneurship. She earned a Bachelor of Business Administration, magna cum laude, from Gonzaga University.
About Updata Partners
Based in Reston, Virginia and Red Bank, New Jersey, Updata Partners is a leading venture capital firm that invests in early and growth stage information technology companies with innovative intellectual property enabling market-leading products and services. Led by an investment team averaging more than 20 years of operational and private equity experience in the technology industry, we seek investments where the combination of our financial backing and operating expertise will accelerate growth. With $250 million under management, the firm also selectively provides recapitalization and management buyout financing. Updata Partners is an affiliate of Updata Capital, Inc., a leading investment bank specializing in mergers and acquisitions for the IT industry. For more information, visit www.updatapartners.com.
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