Investors and Board of Directors
In July 2010, Vertafore, Inc. was acquired by investment funds managed by TPG Capital (TPG).
TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992, with approximately $48 billion of assets under management and offices in San Francisco, Beijing, Fort Worth, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Shanghai, Singapore and Tokyo. TPG Capital has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, growth investments, joint ventures and restructurings. TPG's technology investments have included Alltel, Avaya, Crystal Decisions, Fidelity National Information Services, Hotwire, IMS, Intergraph, Lenovo, MEMC, ON Semiconductor, Sabre Holdings, Seagate and SunGard among others.
Euan C. Menzies
Euan C. Menzies is the president and chief executive officer of Vertafore and a member of the Board of Directors. Mr. Menzies joined Vertafore as president and chief operating officer in September 2000 and has been chief executive officer since May 2001. From 1987 until early 2000, Mr. Menzies was a senior executive with The Thomson Corporation, where he held a number of general management positions, most notably as the president and chief executive of Thomson's tax and regulatory division (RIA Group). From February 2000 until September 2000, he was chairman and chief executive officer of iClick, an Internet-based software and services company in the human resources sector. Mr. Menzies is a chartered accountant in the U.K., and earned his undergraduate degree (B.Acc) from Glasgow University, Scotland.
John W. Marren
John W. Marren joined TPG Capital in 2000 as a Partner and leads TPG's technology team. Mr. Marren is currently the Chairman of the Board of MEMC Electronic Materials and serves on the board of directors of Aptina, Avaya, Freescale, and SunGard. From 1996 through 2000, Mr. Marren was a Managing Director at Morgan Stanley, most recently as co-head of the Technology Investment Banking Group. From 1992 to1996, he was a Managing Director and Senior Semiconductor Research Analyst at Alex Brown & Sons. While at Morgan Stanley and Alex Brown & Sons, Mr. Marren was a frequent member of the Institutional Investor All-American Research Team which recognizes the top research analysts on Wall Street. Prior to Alex Brown, Mr. Marren spent eight years in the semiconductor industry working for VLSI Technology and Vitesse Semiconductor. Mr. Marren received his B.S. in Electrical Engineering from the University of California in Santa Barbara.
Bryan M. Taylor
Bryan Taylor is a Partner in the Technology Group at TPG and is responsible for the firm's investments in software, data/analytics, and technology services. Prior to joining TPG, Mr. Taylor was a Managing Director at Symphony Technology Group, a private equity firm focused exclusively on technology investing. Prior to joining Symphony, he was with Bain & Company, a leading global management-consulting firm, where he worked in the private equity and technology practice groups. He graduated with a BA in political science with honors from Stanford University. He earned his MBA at the Stanford Graduate School of Business.
Jeff R. Wilson
Jeff R. Wilson joined TPG Capital in 2003. Mr. Wilson has driven TPG’s equity investments in Advent Software, Alltel, Eze Software Group, Freescale, GlobeOp, Lenovo, SMART Modular, Texas Genco, and Vertafore. Mr. Wilson has driven TPG’s debt investments in Alltel, Flextronics, Iris Software, Reynolds and Reynolds, Sedgwick, TASC and TransUnion. Prior to joining TPG in 2003, Mr. Wilson worked as an investment banker at Morgan Stanley in their Financial Sponsors Group and Technology Group. Mr. Wilson received a B.A., cum laude, in Business from the University of Washington. Mr. Wilson serves on the board of directors of Vertafore and Eze Software Group.
Frederick J. de Grosz
Frederick J. de Grosz became a member of the Vertafore Board of Directors in early 2011. Mr. de Grosz has expansive experience in the financial services industry, previously serving as co-chairman, president and chief executive officer of ABD Insurance and Financial Services, Inc., which under his leadership grew to the 12th largest Insurance Brokerage firm in the United States. Prior to his tenure at ABD, he founded and served as president and chief executive officer of Alburger, de Grosz Insurance Services, Inc. Mr. de Grosz also held various sales and management positions with General Foods Corporation. Mr. de Grosz serves on the board of directors at Benu, Inc. and Greater Bay Bancorp, and has served as vice chairman of Wells Fargo Insurance Services as well as director of San Jose National Bank and chairman of the Washington D.C.-based Council of Insurance Agents and Brokers (CIAB). He is also co-chairman of the Foundation for Agency Management Excellence (FAME). Mr. de Grosz received his B.S. from the University of California at Berkeley and his MBA from San Francisco State University.
Michael J. Sullivan
Michael J. Sullivan joined Vertafore’s Board of Directors in 2011. A 23-year financial services industry veteran, Mr. Sullivan is the former chief financial officer for information services company IHS, Inc. In this position, he was responsible for overall financial management of the company in addition to setting business strategy, overseeing operations, directing corporate development efforts, and driving shareholder value creation. While at IHS, Mr. Sullivan gained a broad base of global experience and played a significant role in the company’s success, including driving the acceleration of business performance and preparing IHS for its successful IPO in 2005. Prior to IHS, Mr. Sullivan held financial positions at Coors Brewing Company and PricewaterhouseCoopers (formerly Price Waterhouse), where he managed the firm’s participation in more than 30 domestic and international mergers and acquisitions. Mr. Sullivan holds a bachelor’s degree in business administration and accounting from the University of Iowa.