RESTON, VA, January 28, 2010 - Updata Partners is pleased to announce the appointment of Carter Griffin as General Partner.
five-year tenure with the firm, Carter
has proven to be a significant contributor to the success of Updata
, a leading growth equity investor in the IT and Interactive Media markets.
now has six General Partners
investing and managing three active venture funds, which total nearly $500 million.
Carter joined Updata Partners following the successful sale of Brivo Systems, a SaaS security firm he co-founded.
Growing the company, securing venture financing and executing the eventual sale of Brivo
provided the ideal background to identify, invest and guide the growth-stage firms in which Updata
Earlier in his career, Carter was a partner with Kaiser Associates, a strategic consulting firm serving the Fortune 500, and was an international financial analyst with Coca-Cola based in London.
He graduated from The University of North Carolina at Chapel Hill and holds an MBA from The Kellogg School of Management at Northwestern University.
"Carter has the experience and skills to work with technology CEOs in rapidly growing firms," said John Burton, Managing General Partner of Updata.
"Our differentiation is in our ability to relate to the challenges of our CEOs and provide valuable input from our similar experience; our companies find Carter
a great benefit to their operational and strategic efforts."
Carter has led Updata Partners' investments in iContact, Alert Logic, LogiXML and Bradford Networks and serves on the Board of Directors of each.