Summit Partners Promotes Four

Summit Partners, the Boston-based private equity firm, announced four promotions. Mark deLaar and Alex Whittemore were promoted to managing director positions and Jason Glass and Len Ferrington were promoted to principal positions with the firm.

PRESS RELEASE:
Summit Partners, a growth equity firm that invests in rapidly growing companies, today announced four promotions. Mark deLaar and Alex Whittemore were promoted to Managing Director, and Jason Glass and Len Ferrington were promoted to Principal.

“Each of these talented individuals has made a significant impact on the success of not only Summit Partners, but our portfolio companies as well,” said Joseph Trustey, a Managing Director of the firm. “We look forward to 2011, knowing that their hard work and contributions will continue to benefit our investors and portfolio companies.”

*Mark deLaar has been promoted to Managing Director. He joined Summit Partners’ Boston office as a Vice President in 2003, and has served as Principal since 2007. His board directorships and investments include Anesthetix (acquired by TeamHealth), Autobase (acquired by Dominion Enterprises) AvePoint, Fermentas International (acquired by Thermo Fisher Scientific), IMMCO Diagnostics, MDVIP (acquired by Procter & Gamble), and OB Hospitalist Group. Prior to Summit, Mr. deLaar worked for DB Alex Brown, Banc of America Securities and Public Financial Management, and served in the United States Army. He holds a BS from the United States Military Academy and an MBA from the MIT Sloan School of Management.

*Alex Whittemore has been promoted to Managing Director. He joined Summit Partners’ Boston office as Director of Capital Markets in 2007. He is responsible for leading the firm’s capital markets activities, both for existing portfolio companies and for new acquisitions, and for helping the firm manage its commercial and investment banking relationships. Prior to Summit, Mr. Whittemore worked for Morgan Stanley, where he founded the Boston office of the Financial Sponsors Group. He was also previously employed by Chase Manhattan Corporation and Chemical Banking Corporation. Mr. Whittemore holds a BA, cum laude, from Carleton College and an MBA from Darden School at the University of Virginia.

*Len Ferrington has been promoted to Principal. He joined Summit Partners’ Palo Alto office as an Associate in 2006, and has served as Vice President since 2009. His board directorships and investments include Heald College (acquired by Corinthian Colleges) and TUI Learning. Prior to Summit, Mr. Ferrington worked for Celerity Partners and Baxter Healthcare International. He holds a BS from the University of Southern California.

*Jason Glass has been promoted to Principal. He joined Summit Partners’ Boston office as a Vice President in 2006. His board directorships and investments include Casa Systems, Focus Financial Partners, Nomacorc and PeopleAdmin. Prior to Summit, Mr. Glass worked for General Catalyst Partners, America Online and Deutsche Banc Alex Brown. He holds a BBA, summa cum laude, from James Madison University and an MBA, with Distinction, from Harvard Business School. In addition, he is a Chartered Financial Analyst and is a member of the James Madison University College of Business Executive Advisory Council.

About Summit Partners
Summit Partners is a growth equity firm that invests in rapidly growing companies. Summit seeks outstanding management teams that have built their companies to market leadership, and provides capital for growth, for recapitalizations and for management buyouts. Founded in 1984, Summit has invested in more than 300 growing companies across a range of geographies and industries including technology, education, business services, healthcare, consumer and industrial products, among many others. With offices in Boston, London and Palo Alto, Summit has raised more than $11 billion in capital since inception. For more information, please visit http://www.summitpartners.com.
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 Limited, a firm authorized and regulated by the Financial Services Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, 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.