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News and Information Article
Veteran Executive and Investor Brings Years of Invaluable Experience in
Developing Emerging Market Leaders
PALO ALTO, Calif., Oct. 16 // -- ComVentures
(http://www.comventures.com ), a leading venture capital firm in Silicon Valley,
announced today that Keyur Patel has joined as a Partner. He brings a
wealth of experience to the firm, having founded four innovative startups
and worked in top management positions at two leading global technology
corporations. Patel will focus on identifying extraordinary investment
opportunities and he will work with both new and existing portfolio
companies on cutting-edge ideas, technologies and strategies.
"Were delighted to have Keyur join our team. He is that rare
combination of experienced entrepreneur, insightful executive and shrewd
investor. Keyur has successfully done it all -- multiple times," said
Roland Van der Meer, ComVentures partner and co-founder. "We look forward
to the many contributions he will make as we continue to identify, fund and
help build the next generation of pioneering technology companies."
Patel is already hard at work. He recently led ComVentures investments
in Fabrik, Nanocast Labs and Hip Digital. He also serves on the board of
directors at Sonicwall.
"This is a great opportunity," said Patel. "ComVentures is a dynamic,
innovative firm that strives to be at the forefront of emerging
technologies in top global markets. The team is passionate about its
mission, diverse in its thinking, and well-respected by its community of
global entrepreneurs. Im looking forward to contributing to ComVentures
substantial network and resources, particularly in the areas of new digital
media and the Internet."
Prior to joining ComVentures, Patel served as the Head of Consumer
Products and Chief Strategy Officer at Maxtor Corporation. He was a key
creative force behind the Maxtor OneTouch(TM) family of external storage
solutions, which leads the industry in marketing innovation and global
market share. Prior to Maxtor, he led the turnaround at Inktomi,
transforming the company into a vibrant and profitable enterprise in
advance of its 2003 acquisition by Yahoo!. Patel also founded several
startups innovating in the areas of software and services, including
Brience, Metrius, Webvibe and Phoenix Software. These companies were
acquired and can all boast successful outcomes. Before that, Patel served
as Chief Strategy Officer of KPMG Consulting Worldwide and Managing Partner
of the Price Waterhouse Technology Consulting Practice.
Patel holds an M.S. in Computer Engineering and a B.S. in Computers and
Communication. He is the co-author of Digital Transformation, foreworded by
John Chambers.
About ComVentures
ComVentures (http://www.comventures.com ) is a leading venture capital firm
that invests in mobile, Internet and enterprise applications and the
underlying communication infrastructure. With $1.5 billion under
management, ComVentures partners have invested in more than 100 companies.
Select current investments include: Adinfuse, Fabrik, MarketTools, Zantaz,
Azul Systems, FyreStorm, OpSource and Vyatta. Prior investments include:
SiteSmith (acquired by MFN), Broadcom, Arbinet, Chromatis (acquired by
Lucent Technologies), Digital Island, P-Cube (acquired by Cisco Systems),
Intruvert Networks (acquired by McAfee), Kagoor Networks (acquired by
Juniper Networks) and Monterey (acquired by Cisco Systems).
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