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Doug Gilstrap Joins Technology Crossover Ventures as a Venture PartnerTechnology Crossover Ventures (TCV), a leading provider of growth equity for premier technology companies, announced today that Doug Gilstrap has joined TCV as a venture partner in the firm's New York office. Previously he served as chief strategy officer for Ericsson (News - Alert) in Stockholm and New York. Gilstrap brings 25-plus years of global strategy, sales, transactional and financial roles in the technology, media, and telecommunications and related services. He will focus on key investment priorities at TCV in the areas of communications infrastructure and software, such as OpenStack; software-defined networking/network function virtualization; IT tools, management and automation; content management and delivery; unified communications and collaboration; and the Internet of Things. "Doug is a tremendous addition to our expanding New York office, providing our portfolio companies with access to his extensive industry knowledge and relationships, operational and transactional skills, and board mentorship," said Ted Coons, TCV general partner. "Additionally, Doug's deep insights in communications infrastructure, software and financial technology-in addition to his long-term relationship with communications and mobile carrier partners around the globe-will be instrumental in growing our portfolio in these high-priority fields of investment for TCV." About Doug Gilstrap Gilstrap has both private and public equity experience with international companies based in France, the Netherlands, United Kingdom, and Sweden. His capital fundraising experience includes initial public offerings, secondary offerings, and private equity in both the United States and Europe. Prior to Ericsson, Gilstrap was head of strategy for Cable and Wireless; CEO of Radianz, a secure low latency and hosting financial data extranet; and CFO and COO for Equant Networks, a public global data network company. Radianz and Equant are now current divisions of BT and Orange (News - Alert), respectively. "I am very impressed by TCV's business model with its focus on growth equity for technology companies. TCV has a high-caliber team with a track record in successfully working with management and growing their portfolio companies," Gilstrap said. "I am excited to join the TCV team based in NYC and in expanding our growth investments and helping our portfolio companies to achieve their goals." About TCV Technology Crossover Ventures (TCV), founded in 1995, is a leading provider of capital to growth-stage private and public companies in the technology industry. With nearly $10 billion in capital raised, TCV has invested in more than 200 technology companies over the last 20 years. Selected investments include Altiris, C|NET, ExactTarget, Expedia, Facebook, Fandango, FX Alliance, GoDaddy, Genesys (News - Alert) Software, Groupon, HomeAway, Netflix, RealNetworks, Redback Networks, Rent the Runway, RiskMetrics Group, Sitecore, Splunk, Spotify, Thinkorswim, VICE Media, and Zillow. TCV is headquartered in Palo Alto (News - Alert), California, with offices in New York and London. For more information about TCV, including a complete list of TCV investments, visit www.tcv.com.
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