Jit Sinha was promoted to general partner at JMI Equity, while Brian Hersman and Robert Nye were named principals. Sinha and Hersman each focus on software investments, while Nye targets the Internet sector.
JMI Equity, a growth equity firm focused on investing in leading software, internet and business services companies, today announced the promotions of Jit Sinha to General Partner, and Brian Hersman and Robert Nye to Principal. Mr. Sinha and Mr. Nye are based in Baltimore and focus on investments in the software and internet sectors, respectively. Mr. Hersman, who was promoted in August, is based in San Diego and focuses on investments in the software sector.
“Jit has made many valuable contributions to JMI, including helping to lead our software investment efforts and building and training our team,” said Harry Gruner, Founder and Managing General Partner of JMI Equity. “He is a strong leader and investor, and we are fortunate to have him as a General Partner at JMI.”
“We are also pleased to announce the promotions of Brian and Bob, who have both played important roles in sourcing and executing new investments,” added Paul Barber, Managing General Partner of JMI Equity. “Continuing to build our team is one of our highest priorities, and Jit, Brian and Bob play important roles in our collective effort to grow companies and generate value for our investors.”
Mr. Sinha joined JMI Equity in 2007. He currently serves on the boards of directors of AppNeta, Compusearch Software Systems, Empathica and iContact, and is actively involved with the firm’s investments in Gemcom and Datatel+SGHE. Prior to joining JMI Equity, Mr. Sinha was a Principal at Bain Capital Ventures. He began his career working with technology companies in strategy consulting and operating positions, and received a BS in Finance and a BA in Sociology from the University of Pennsylvania.
Mr. Hersman joined JMI Equity in 2008. He currently serves on the boards of directors of BigMachines and PowerPlan. Mr. Hersman was previously a Senior Associate at Vista Equity Partners and a Business Analyst at McKinsey & Company. He received a BA in Economics and Computer Science from Case Western Reserve University, an MS in Management of Information Systems from the Weatherhead School at Case Western Reserve University and an MBA from the Harvard Business School.
Mr. Nye joined JMI Equity in 2005. He currently serves on the boards of directors of Appriss, DoubleVerify and Harmony Information Systems, and is actively involved the firm’s investments in Adknowledge, Axeda, BrightLine, iContact and Undertone. Prior to joining JMI Equity, Mr. Nye was a Consultant with Bates White, an economic consulting firm. He received an AB in Economics and a Certificate in Finance from Princeton University.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software, internet, business services and healthcare IT companies. Founded in 1992, JMI Equity has invested in more than 100 businesses in its target markets and has over $2.1 billion of committed capital under management. JMI Equity provides capital for growth, recapitalizations, acquisitions and buyouts. Representative investments include Blackbaud, DoubleClick, Eloqua, Navicure, Nimsoft and ServiceNow. For more information on JMI Equity, visit www.jmiequity.com.