[October 21, 2020]

Vector Capital Completes Acquisition of MarkLogic

Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful completion of its acquisition of MarkLogic Corporation, a leading provider of enterprise data integration and data management solutions.

Completing a leadership transition that started several months ago, Adrian Carr, Chief Operating Officer of MarkLogic, has been named Chief Executive Officer, replacing Gary Bloom. After eight years at MarkLogic, Gary is stepping aside from the CEO role and will continue to support MarkLogic in a consulting capacity. Mr. Carr joined MarkLogic in 2012 as the vice president of EMEA, and most recently served as COO where he led global Sales, Professional Services, Marketing, and Alliances.

"We are pleased to complete the acquisition of MarkLogic, a pioneer in the data integration market that is poised for growth," said Andy Fishman, a Managing Director at Vector Capital. "We also welcome Adrian as the company's next CEO and are excited topartner with him as he continues to accelerate the growth of MarkLogic's automated cloud service offering, Data Hub Service. We thank Gary for his leadership of MarkLogic and see tremendous value in the business that he helped build."

"I am thrilled to be leading MarkLogic at this important time in its evolution," said Mr. Carr. "I am eager to work with MarkLogic's talented team and leverage Vector's significant resources and industry expertise as we continue to solve complex data management challenges for our customers. It has been an honor to have worked with Gary for the past eight years, and I look forward to building on the strong foundation he established."

Prior to joining MarkLogic, Mr. Carr worked at Juniper Networks (News - Alert) in Europe providing high-performance cybersecurity solutions to public sector organizations and banks. He earned a bachelor's degree in Computing and Economics from Manchester Metropolitan University.

About MarkLogic
Data integration is one of the most complex IT challenges, and our mission is to simplify it. MarkLogic Data Hub Service is a highly differentiated data platform that eliminates friction at every step of the data integration process, enabling organizations to achieve a 360° view faster than ever. By simplifying data integration, MarkLogic helps organizations gain agility, lower IT costs, and safely share their data.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit http://www.vectorcapital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005279/en/

[ Back To TMCnet.com's Homepage ]