Deven Parekh Announces New Insight Venture Partners Fund

Insight Venture Partners’ Deven Parekh announced that Insight recently raised $2.57 billion for Fund XIII. It is the company’s 8th fund since its establishment in 1995. It is among the largest funds ever raised.

Insight is based in NYC. The company is a major private equity and venture capital organization. It invests in Software as a Service (SaaS)-based software and data services, on-premise, Internet, and eCommerce businesses.

Insight had raised $1.5 billion for a fund plus a $500 million co-investment vehicle in its most current fund before this fund. To date, Insight has raised a combined $7.6 billion. This new fund raise makes it possible for Insight Venture Partners to issue checks, which are as much as $300 million in total. The Company reaches and tracks roughly 30,000 companies per annum. Insight, via Deven Parekh, its additional managing directors, and over fifty employees, makes 10-20 investments every year.

 

Deven Parekh Announced Insight Venture Partners Investment in Campaign Monitor

Deven Parekh, via Insight Venture Partners, announced the company’s investment in Campaign Monitor. Campaign Monitor (established in 2004) is a global leader in Software as a Service -based design and email marketing methods. Insight Venture Partners invested US$250 million in this entity. This is Campaign Monitor’s first round of financing.

Mr. Ben Richardson and Mr. David Greiner are Co-Founders of Campaign Monitor. More than one hundred thousand paying clients in 170 nations rely on Campaign Monitor to handle their email marketing. Campaign Monitor is a leading email marketing option for leading global companies, creative agencies, as well as high-growth businesses.

Insight and Deven Parekh strive to discover, finance, and work effectively with forward thinking executives who are pushing change in their particular sectors. Mr. Parekh and Insight provide these businesses and their executives with hands-on, practical growth knowledge to foster long-term achievements. Mr. Parekh and Mr. Nikitas Koutoupes (Insight Venture Partners Managing Directors) along with associate Mr. Dan May, will become members of Campaign Monitor’s Board.

 

Deven Parekh and Jeff Lieberman Given Recognition For Developing Successful Global Technology Companies

AlwaysOn has chosen 2 Managing Directors from Insight Venture Partners as Venture Capital 100 winners. The two of these are Jeff Lieberman and Deven Parekh. The Venture Capital 100 (VC100) winners for 2013 were selected by their associates. These include industry insiders, investors, journalists, and bankers. AlwaysOn is the leading business media brand name. AlwaysOn informs as well as connects the entrepreneurial circle within the Global Silicon Valley.

Mr. Parekh joined Insight Venture Partners in January 2000. He’s served as a Director since January 2004. Mr. Lieberman joined up with the firm in 1998. Prior to joining the Company, he had been a management consultant for McKinsey & Co. During his career there, he focused on operating and strategic matters in the consumer products, financial services, and technology industries.

The 2013 choice of Deven Parekh by AlwaysOn acknowledged as significant his investments in Chegg and Twitter. Mr. Lieberman’s selection acknowledged as noteworthy his investment in Cvent. Jeff, Deven, and all the winners were selected from amongst a huge selection of individuals in the worldwide technology entrepreneurial community.

 

Deven Parekh Announces the Hiring of Euan Menzies

Deven Parekh (Insight Venture Partners) announced previously in 2014 the hire of Euan Menzies as Venture Partner. This is part of the firm’s approach to increase its multi-disciplinary method of portfolio company and investment management. Mr. Menzies is the former CEO of Vertafore, Inc. Mr. Menzies functioned in this capacity from 2001 until October of 2013.

Euan Menzies will offer strategic guidance to Insight professionals during the entire investment process. Furthermore, he will give advice to portfolio company executives on Mergers & Acquisitions, growth strategy, management, as well as operations. He will execute this while assisting the firm’s operations team of business executives and senior investment partners.

Deven Parekh, a Managing Director at Insight Venture Partners, stated, “Euan’s appointment to Venture Partner fits with our approach of deepening Insight’s software, operational and management expertise. We are thrilled to have him on our team.” Euan Menzies has been effective in the software sector since the early 90′s. He’s got a record of pushing business improvement and innovation.

 

Deven Parekh Appears on the Midas List

Deven Parekh is Managing Director for Insight Venture Partners. This firm has its headquarters in New York City. Insight is a top venture capital and private equity firm. Deven oversees investments in application software, e-commerce, and consumer internet data companies. This current year, Mr. Parekh debuted high on the Midas List (Forbes). He’s a graduate from the Wharton School (University of Pennsylvania). He’s on the Board at Fanatics, which is an online retailer for sports merchandise.

Deven Parekh had a 2009 investment in Twitter as well as investments in Flipboard, Chegg, and Tumblr. Additionally, he helped in directing Tumblr to its sale to Yahoo a year ago. In addition, he attained success with BuddyMedia: BuddyMedia was acquired by Salesforce in 2012 for $785 million. Additionally, in 2012, he guided a $165 million equity investment in Drilling Info. Drilling Info is an Austin, Texas-headquartered data intelligence provider for the gas and oil industry.

 

Deven Parekh Talks about Insight Venture Partners’ Investment in eVestment

Insight Venture Partners has invested more than $40 million in eVestment, an investment Data Company located in Marietta, Ga.

Deven Parekh, a managing director of Insight, explains that when large pension funds or institutional investors are making investment decisions, they need accurate data across multiple managers to make the best allocation decision. .”eVestment is providing them that data on a global basis,” Parekh says.
Evestment software suite provides data, insight and analysis on investment trends to institutional investors, such as consultants, wealth investment managements and pension fund managers.

The eVestment platform is used for manager selection, and asset allocation and analysis for money managers, hedge fund managers, plan sponsors and consultants.

The venture-backed company’s service includes tools that provide market intelligence on global investment trends, data on funds’ financial performance, asset allocation and managers’ background and compensation.
EVestment plans to invest $10 million in an expansion that will create about 100 jobs this year.

 

Deven Parekh Serves On The Board At Chegg A Progressive Textbook Rental Corporation

In addition, Deven Parekh serves as a Director on the Board of Chegg. Chegg’s concept is money-saving, rental access to textbooks. Chegg is one of the Internet’s fastest growing new companies and the leading online textbook rental organization. For every book rented, Chegg plants a tree through American Forest’s Global ReLeaf Program.

 

Deven Parekh Serves On The Board Of Hayneedle An Internet Shopping Enterprise

Deven Parekh is on the Board of Hayneedle as a Director. Hayneedle, Inc. operates as a web retail business. They offer home and lifestyle products. Founded in 2002, Hayneedle has their head office in Omaha, Nebraska.

 

At Insight Venture Partners, Deven Parekh Focuses On Technology-Driven Services, Global Software And Internet Companies

Deven Parekh and the Insight team focus on innovative and forward thinking businesses. Global software, technology-driven services and Internet enterprises gain from Insight’s substantial business knowledge. Insight Venture Partners is one of the fastest growing venture capital and private equity organizations.

 

Deven Parekh Is A Partner And Managing Director At Insight Venture Partners, A Leading Private Equity Company

Founded in 1995 by Jerry Murdock and Jeff Horing, Insight Venture Partners presently possesses a capital base of around $3 billion. As a Partner and Managing Director at the organization, Deven Parekh focuses solely on Internet-enabled and software enterprises.