BOSTON--(BUSINESS WIRE)--Wavecrest Growth Partners (Wavecrest) today announced the expansion of the firm’s leadership team with the addition of Colin Doherty as Growth Partner. In his role, Doherty will lead the Wavecrest Operating Platform, working with portfolio company management teams on go-to-market acceleration, operational efficiencies, and leadership augmentation, among other areas, to drive sustainable, capital-efficient growth.
“Wavecrest is one of the most operationally-focused firms investing in lower middle-market B2B technology companies today,” said Doherty. “The Wavecrest Operating Platform that they have built provides founders and CEOs with an unparalleled set of resources, enabling $5-25M revenue businesses to reach $50-100M in scale. I respect the team’s collaborative and growth-focused approach and am looking forward to rolling my sleeves up and working closely with the portfolio company CEOs on a range of growth initiatives.”
Prior to joining the firm, Doherty was a five-time CEO of B2B SaaS, Security and Infrastructure companies that grew significantly during his tenure, leading to their respective acquisitions. The companies include Fuze, Dyn (acquired by Oracle in 2017), BTI Systems (acquired by Juniper Networks in 2016), Arbor Networks (acquired by Danaher in 2010) and Mangrove Systems (acquired by Carrier Access in 2007). He was ranked #30 in USA Today’s annual Best CEOs list for 2019.
“I have had the good fortune of working closely with Colin as CEO at two of my prior portfolio companies. His deep operational expertise, entrepreneurial mindset, and ability to connect with founders makes him a great fit and strong addition to our platform,” said Deepak Sindwani, Co-Founder and Managing Partner of Wavecrest Growth Partners. “We are thrilled to welcome Colin as a senior member of the Wavecrest team.”
Founded by Deepak Sindwani and Vaibhav Nalwaya in 2016, Wavecrest is a growth equity firm, based in Boston, that helps B2B technology entrepreneurs outside of Silicon Valley to accelerate their business plans and to optimize their performance. The Wavecrest Operating Platform combines best practices and benchmarks with access to a deep network of proven B2B technology operating executives and functional experts, supporting a CEO’s journey to the next level of scale.
"Our portfolio companies have proven to be extremely resilient despite the volatile market conditions and the impacts of the prolonged COVID-19 pandemic,” noted Vaibhav Nalwaya, Co-Founder and Managing Partner of Wavecrest Growth Partners. "They are expanding into new markets, developing new innovative products aligned with customers’ demand, and driving above market growth in the areas they compete. We look forward to continuing to help our companies to capitalize on their market opportunities with organic and acquisitive growth strategies, and Colin’s background and insights will be incredibly valuable to them.”
Based in Boston, Wavecrest comprises a team of professionals with deep investing and operating experience in the B2B technology space. The firm’s investments include emerging leaders in software and data services, such as Big Time Software, Building Engines, MikMak, SpinCar, and Volante Technologies.
ABOUT WAVECREST GROWTH PARTNERS
Wavecrest Growth Partners is a growth equity firm focused on investing in and partnering with leading B2B software and technology-enabled services companies. Wavecrest targets investments in high-growth companies with proven products and business models and brings to bear a differentiated combination of investing and operating experience and networks to help accelerate growth and profitability. Wavecrest's team has over three decades of collective investing and operating experience in growth-stage B2B technology companies, including numerous successful outcomes. For more information, visit wavecrestgrowth.com.