Summit Partners hired Brian Provost for its Executive-in-Residence program. Provost, the former president and CEO of tax compliance SaaS company Convey Compliance, will work together with Summit’s Technology team to identify investment opportunities in growth-stage software companies.
MENLO PARK, CALIFORNIA – Summit Partners, a global growth equity investor, today announced the addition of Brian Provost to the firm’s Executive-in-Residence (“EIR”) program. In this role, Mr. Provost will work closely with Summit’s Technology team to identify new investment opportunities in the software sector.
Mr. Provost joins Summit’s EIR program from Convey Compliance, a tax compliance Software-as-a-Service (SaaS) company. Mr. Provost joined Convey as President and CEO in 2008 and led the company through a rapid growth stage that resulted in an acquisition by Vista Equity in 2014. During his time with the company, Mr. Provost’s dedication to talent acquisition, customer service and growth strategy execution were key drivers in establishing Convey as the leading SaaS-based tax information reporting provider.
Prior to Convey, Mr. Provost served as Chief Operating Officer of Gelco Expense Management, a SaaS-based provider of travel expense management solutions, where he rapidly scaled the business over a five year period ending with its acquisition by Concur Technologies in 2007. Prior to Gelco, he served in leadership roles at several prominent companies including Wizmo, Inc., Norstan Communications (acquired by BlackBox), and ColorSpan (acquired by Hewlett Packard).
In addition to his executive leadership experience, Mr. Provost is affiliated with several industry boards. Since late 2014, Mr. Provost has served as Chairman of the Board to DELAGET Corporation, a provider of loss prevention and analytics software for restaurant owners. He also serves on the board of directors for Avionte Staffing Software and Apex Information Technology. As a dedicated philanthropist, Mr. Provost also serves as Chairman of the Board to the Banyan Community, a Minneapolis-based organization dedicated to transforming lives by developing youth, strengthening families, and creating community.
“Brian brings with him over 20 years of executive leadership experience and a strong record of scaling businesses,” said Peter Rottier, Managing Director at Summit Partners. “His distinct understanding of growth stage software businesses will be a great asset to our EIR program. We are thrilled to have the opportunity to work closely with him.”
“I have been aware of Summit and their reputation for partnering with growing software and SaaS companies throughout my career,” said Provost. “I’m thrilled to work alongside Summit’s technology team and further their mission of partnering with the best growth companies worldwide.”
Summit has been active in software and SaaS for more than three decades. Since the firm’s founding in 1984, Summit has partnered with more than 125 software companies in growth-oriented sectors including cloud and SaaS, big data and analytics, infrastructure, mobile, enterprise and security.
Summit’s EIR program is an established and successful element of the firm’s growth-oriented investing strategy. Since its inception in 1999, the program has connected senior industry executives who work alongside Summit’s sector teams to identify investment opportunities, conduct due diligence, and create and support value creation plans for the companies with which Summit has partnered.
About Summit Partners
Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $7.2 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Notable software companies financed by Summit Partners include Avast, Clearwater Analytics, HelpSystems, Hyperion Solutions, Infor, McAfee, Postini, RiskIQ, Telerik, Uber and WebEx. Summit maintains offices in North America and Europe, and invests in companies around the world. In addition to the EIR program, Summit’s team offers strategic and tactical support at an operational level through its Peak Performance Group, expertise in structuring and financing transactions through its Capital Markets Team, and dedicated recruiting resources through its Talent and Recruiting Team. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.