Fulcrum Equity Partners said on Thursday that it has named Jim Douglass as a partner. In his new role, Douglass will work with the fund’s existing portfolio companies and also develop new investment opportunities. Prior to joining Fulcrum, Douglass was the CEO of Vesdia.
ATLANTA, June 27, 2013 /PRNewswire/ — Fulcrum Equity Partners (“Fulcrum”) announced today that Jim Douglass has joined the firm as Partner. Mr. Douglass will work closely with the fund’s existing portfolio companies and will also develop new investment opportunities.
Mr. Douglass brings more than 25 years of operations management, strategic development and financial experience with high-growth companies, particularly in the financial services, marketing services and healthcare industries. He was most recently CEO of Vesdia, a pioneer in card-linked marketing for financial services, airline and hospitality companies, which merged with Cartera Commerce in January 2011. He still serves on Cartera’s board of directors. Prior to Vesdia, he served as CEO for Atlanta-based Visionary Systems, Inc., a provider of decision systems for credit providers and retailers that was acquired by Trans Union in 2004. Mr. Douglass also served as CFO at CheckFree Corporation, helping it grow to over $500 million in revenue. He began his career with KPMG in its financial services practice.
“We’ve known Jim for over 20 years and have enjoyed watching his career develop and blossom,” said Fulcrum Founding Partner Jeff Muir. “We place a strong emphasis on surrounding ourselves and our companies with individuals of the highest caliber, and we’re certain that Jim will be a tremendous addition to our team.”
“I’m excited to be joining Fulcrum – they’ve built a strong reputation as high quality, value-added investors,” said Mr. Douglass. “The substantial operating experience of both the partners and investor group makes Fulcrum the standout choice for many entrepreneurs.”
About Fulcrum Equity Partners
Fulcrum Equity Partners, based in Atlanta, GA, is a growth equity fund that manages over $140 million and is actively seeking opportunities to invest in rapidly growing companies. Fulcrum initially invests $1 million to $5 million with the ability to invest up to $10 million. We will consider investments in a wide variety of industries, with an emphasis on information technology, healthcare and technology enabled operating companies. Fulcrum provides financing to meet a wide range of needs including internal growth initiatives, acquisitions, divestitures, shareholder liquidity and recapitalizations. The partners have over 100 years of relevant experience, including operations, venture capital, mezzanine financing, accounting, law, investment banking and strategy consulting. To learn more please visit www.fulcrumep.com.