Welsh, Carson, Anderson & Stowe has named Pete Hess as an operating partner in the technology group.
Hess has over 26 years of experience in senior executive roles in financial technology and software sectors. Most recently, Hess served as CEO of Khoros. Previously, Hess spent over 22 years at Advent Software where he ultimately became president and CEO.
Hess has a bachelor of arts degree from Princeton University.
Founded in 1979, WCAS targets healthcare and technology. According to the private equity firm, has raised and managed funds totaling over $27 billion of committed capital.