[June 10, 2015]

Bessemer Venture Partners Names Former Eloqua Chief Architect Umair Akeel as Chief Technology Officer in Residence and Operating Partner

Bessemer Venture Partners (BVP), a $4 billion global venture capital firm, today announced the appointment of Umair Akeel to chief technology officer in residence (CTO-IR) and operating partner. Umair will serve as a technology resource for all BVP portfolio companies, as well as help BVP analyze innovative technology trends and products globally.

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Umair Akeel, Bessemer Venture Partners (BVP) Chief Technology Officer in Residence and Operating Partner (Photo: Business Wire)

Formerly chief architect of Eloqua through its IPO and subsequent acquisition by Oracle (News - Alert), Umair brings 15 years of experience in technology development and leadership in building successful solutions to the position. Umair is also a repeat successul BVP cloud entrepreneur, as the firm invested in both Eloqua and his prior company, Trigo Technologies, where he was a software engineer and then a senior architect at IBM (News - Alert) following Trigo's acquisition.

"Umair's impressive technology pedigree makes him an invaluable asset to our portfolio companies, as they tap his expertise to help them manage the challenges of hypergrowth," said Byron Deeter, partner at Bessemer Venture Partners. "Having worked closely with Umair at Trigo, IBM, and Eloqua (News - Alert), I know he'll deepen our thinking on the future of technology."

As operating partner and CTO in residence at BVP, Umair will focus on software-as-a-service and enterprise mobile deals, as well as building out future investment roadmaps for big data and developer tools. He will also serve as consulting CTO for BVP portfolio companies needing advice on development and scale.

"I'm excited about my new role at BVP and this next phase of my career," said Umair. "As a lifelong builder and hacker, I love being a part of the growth process, whether it's scaling technology, teams or the company culture. I look forward to working closely with these entrepreneurs as their companies evolve from unique ideas to billion dollar businesses."

Umair holds a Bachelor of Arts in Economics and Computer Science from Ohio Wesleyan University.

About Bessemer Venture Partners

Bessemer Venture Partners (BVP) invests in early-stage and hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, San Francisco, Cambridge, New York, Bangalore and Herzliya. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like Pinterest, Twilio, Box, LinkedIn (News - Alert), Shopify, Yelp, Skype and CornerstoneOnDemand. Over 100 BVP companies have gone public - in the last three years alone, BVP has had 46 exits (IPO and M&A) and made new investments in more than 85 companies. Learn more at www.bvp.com and follow us on Twitter (News - Alert) @BessemerVP.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150610005300/en/

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