Thursday, June 05, 2008

Sigma Partners Hires eDocs CEO

"Sigma Partners, an early-stage technologyventure capital firm founded in 1984, today announced the addition of KevinLaracey as a venture partner. With more than 20 years of experience as anentrepreneur and operating executive in technology companies, Kevinexemplifies Sigma’s philosophy that success as an entrepreneur is critical toachieving success as an investor in early stage companies. He will beleveraging his expertise and network to help entrepreneurs turn innovativeideas into successful companies.

Kevin’s operational experience includes being a founder & CEO, a softwareengineer, a marketing executive, and a general manager. Kevin foundededocs, a leading provider of self-service, online billing and payment solutionsused by many of the world’s largest telecommunications, financial services,and healthcare companies. edocs was a multi-year member of the Inc. 500 and Deloitte & Touche Fast 500 lists prior to being sold to Siebel Systems,now part of Oracle, in 2005.

“Kevin brings to Sigma an impressive operating background and a great dealof experience working with entrepreneurs in early stage technologycompanies," said Bob Davoli, a managing director in Sigma’s Boston office."He is a great asset to our firm and we are excited to have him on the team."

Just before joining Sigma, Kevin was Vice President and GM of SiebelSystem’s Customer Self Service Group, where he helped the self-servicegroup grow revenues nearly 50% in its first year after the acquisition. Kevinhas also held senior management and operational roles at Elixir Technologiesand the Travelers Companies. Kevin earned a Master of BusinessAdministration degree from UCLA’s Anderson School of Management andreceived a Bachelor of Arts degree with high honors from University of NotreDame.“The partners at Sigma have a track record of discovering greatentrepreneurs and helping them to turn their ideas into exceptionalcompanies by leveraging their own experience as entrepreneurs andoperating executives,” commented Kevin Laracey. “I am looking forward tobeing part of such a great team.”Kevin Laracey is based in Sigma Partners’ Boston office, one of three nationaloffices that invest in a variety of technology industry segments throughoutthe U.S. As a venture partner he will be exploring new investmentopportunities in a wide range of markets.

About Sigma Partners
Founded in 1984, Sigma Partners is a leading early-stage venture capitalfirm. The Sigma team uses their deep operational experience to provideentrepreneurs with practical strategic counsel through every phase ofcompany growth. With over $2 billion under management and bicoastaloffices, Sigma invests in innovative technology startups across the UnitedStates. The team is currently investing Sigma Fund 8, a $500 million fundraised in 2007. Some of the market leading companies in which Sigma hasinvested include Atria, Cascade, Clarify, EqualLogic, Internet SecuritySystems, KLA-Tencor, m-Qube, Octel, Topio, VeriFone, Vermeer, Vignetteand Virtusa. For more information, please visit"

No comments: