BALTIMORE & SAN DIEGO--(BUSINESS WIRE)--JMI Equity, a growth equity firm focused on investing in leading software companies, today announced the promotion of Suken Vakil and Randy Guttman to General Partner. Mr. Vakil is based in San Diego, while Mr. Guttman, who is also JMI’s Chief Financial Officer, is based in Baltimore.
“Integral to our success over the past 25 years is our ability to attract and develop talented professionals who are passionate about growth investing and committed to generating attractive returns,” said Paul Barber, Managing General Partner of JMI. “Suken and Randy embody these qualities, and we are pleased to recognize them for their many contributions.”
Mr. Vakil joined JMI in 2012 and most recently served as a Principal at the firm. His investment experience includes Applied Systems, Arena, Avecto, Code42, Internet Brands (acquired by KKR), Intradiem, and Seismic. Prior to joining JMI, Mr. Vakil was an Associate at Hellman & Friedman, and before that, an investment banker in the financial sponsors group at Morgan Stanley. He received a BA in Computer Science and BS in Business Administration from the University of California at Berkeley, and an MBA from Harvard Business School.
Mr. Guttman joined JMI in 2007 and was appointed CFO in 2013. He leads the firm’s finance and accounting functions. Prior to joining JMI, Mr. Guttman worked in the assurance and advisory business services practice of EY. He is a certified public accountant, and received a BS in Accounting and Finance from the University of Maryland’s Robert H. Smith School of Business.
“We are proud to promote Suken and Randy to General Partner,” said Harry Gruner, Founder and Managing General Partner of JMI. “Suken understands the software industry extremely well and earns the confidence of entrepreneurs and management teams. Randy has ten years’ experience at JMI and has demonstrated strong leadership of JMI’s finance function. Suken and Randy are part of the next generation of JMI partners, and I join my colleagues in congratulating them on their well-deserved promotions.”
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 130 businesses in its target markets, successfully completed over 85 exits, and raised more than $3 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.