Teakwood Capital said Wednesday that Kevin Klausmeyer has joined as an executive partner. Klausmeyer was formerly the CFO of The Planet, RLX Technologies and PentaSafe Security.
Dallas, TX (PRWEB) June 19, 2013
Teakwood Capital, a leading Texas private equity firm is pleased to announce that Kevin Klausmeyer has joined Teakwood as an Executive Partner. Kevin is an experienced leader with extensive software and technology industry experience at both public and private companies and brings a deep understanding of the operational and financial issues faced by rapidly growing, global companies.
Kevin has successfully nurtured multiple software companies from start-ups to Fortune 1000 companies. In his new role, Kevin will leverage his experience to provide actionable strategic and tactical counsel to Teakwood portfolio company management teams, in addition to expanding the firm’s presence into the Houston market.
Kevin currently serves on several boards, including that of Sourcefire, a leading public security software company, CallidusCloud, a SaaS provider of salesforce and marketing automation solutions and PHD Virtual, a private equity backed, back-up and recovery software company focused on virtual and cloud environments. He also serves on the advisory board for Neebula, a venture backed, Tel Aviv-based, enterprise SaaS solutions company. He previously served on the board of Quest Software, an award-winning enterprise software company, where he also served on the Special Committee of the Quest Software board which oversaw a process to maximize shareholder value. This process resulted in Dell’s acquisition of the Company in September 2012 at a premium in excess of 40%.
Kevin Klausmeyer’s background includes service as Chief Financial Officer of several technology enterprises, including The Planet (merged with SoftLayer), RLX Technologies (acquired by Hewlett Packard) and PentaSafe Security Technologies (acquired by NetIQ). He also served as the Principal Financial Officer, Corporate Controller and Chief Accounting Officer for BMC Software, following 13 years of practice in public accounting. While in public accounting he focused primarily on assisting high growth technology companies. As a software finance professional, Kevin was one of the three industry representatives on the American Institute of Certified Public Accountants’ (AICPA) Software Revenue Recognition Task Force that interpreted and provided guidance to the software industry on the U.S. authoritative revenue accounting rules.
Kevin graduated Magna Cum Laude from the University of Texas with a BBA in Accounting and currently resides in Houston.
About Teakwood Capital
Teakwood Capital is a Dallas, Texas private equity firm that provides comprehensive equity financing in support of management teams aspiring to buy and grow companies. The firm’s senior team brings 300 years of combined operational and financial expertise to assist companies in reaching their full potential. Teakwood invests primarily in profitable businesses in Texas and neighboring states, with revenues under $25 Million.