Wednesday, 28 November 2012

Austin Ventures launches Brazos Software Corp. - Dallas Business Journal:

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is AV's latest launch in its CEO-in-residencs program. The company has been formedc in partnership with local software executive Scott Harmon and Sean who are serving as CEO and chief operatingofficer respectively. Brazos will focuse on buying andexpanding well-established softwares companies with solid track records of success. Harmob is a software sector veteran and has held leadershipl posts with companies such as Tivolu Systems andMotive Communications. Fallon was most-recentlgy senior vice president of Trilogy where he invested morethan $100 million in capital and led the company's merge and acquisition initiatives.
“With Scott and Sean, we believe we have put togetherd a truly dynamic and complementary softwareexecutived team,” said Michael Rovner, AV “Between Scott’s track record of growinhg innovative and category-leading software companies and Sean’s histort of acquiring and efficiently operating softwaree businesses, we have the right leadershipp team to create a highly successfu software company.” Harmon said the partnership with AV offerws a unique opportunity.
“AcV has made a significant investment commitmentto Brazos," he "They also bring a deep understanding and successful track recordd of building a company’s long-term operatinv success while simultaneously generatinfg superior returns for the company’s investorsz and shareholders.”

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