JMI Equity promotes Hersman to GP

JMI Equity said Tuesday that it has promoted Brian Hersman to general partner. Prior to joining JMI, Hersman worked at Vista Equity Partners where he served as a senior associate. With offices in Baltimore and San Diego, JMI Equity is a growth equity firm that focuses on the software and tech sector.

PRESS RELEASE

Baltimore and San Diego, December 3, 2013 – JMI Equity, a growth equity firm focused on investing in leading software and technology-enabled services companies, today announced the promotion of Brian Hersman to General Partner. Mr. Hersman is based in San Diego.
“We have a talented and deep team of investment professionals, and my partners and I are proud to welcome Brian as our newest general partner,” said Paul Barber, Managing General Partner of JMI Equity. “Brian has made many valuable contributions to JMI and we’re looking forward to his continued contributions to our success.”
“Brian consistently adds value to our portfolio companies, including to the three JMI investments he has led – BigMachines, Innovative Interfaces and PowerPlan,” added Harry Gruner, Founder and Managing General Partner of JMI Equity. “He is a thoughtful and rigorous investor, and we are very pleased to recognize his hard work and dedication.”
Mr. Hersman joined JMI Equity in 2008 and most recently served as a Principal at the firm. He currently is a member of the boards of directors of Innovative Interfaces, a provider of library automation software and systems, and PowerPlan, a provider of asset-centric accounting, tax, budgeting and analytics software solutions for asset-intensive businesses. He was also previously a director of BigMachines, a provider of Software as a Service (SaaS) solutions that help companies automate and streamline complex sales processes acquired by Oracle (NYSE: ORCL) in November 2013.
Prior to joining JMI, Mr. Hersman was 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.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software and technology-enabled services companies. Founded in 1992, JMI has invested in 110 businesses in its target markets and has over $2.1 billion of committed capital under management. JMI provides capital for growth, recapitalizations, acquisitions and buyouts. Representative investments include DoubleClick, Eloqua, Halogen (TSX: HGN), PointClickCare, PowerPlan and ServiceNow (NYSE: NOW). For more information on JMI Equity, visit www.jmi.com.