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Waltham VCs Help Antenna Software Near $65M in Financing - cbl
Posted February 2, 2011
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By citybizlist Staff
WALTHAM -- According to an SEC filing, Antenna Software, Inc. completed an offering for $24.64 million.
Last June, citybizlist reported that the company raised $6.37 million. Including the more than $33 millionAntenna raised between 2002 and 2008, the company has amassed nearly $65 million in financing.
Named in the filing were James J. Hemmer, president and chief executive officer; Bill Korn, chief financial officer; Peter Semmelhack, founder and chief technology officer; director Martin Levion, Director and Head of the Derivatives and Financial Products Group, Societe Generale; and directors and presumed investors Richard D'Amore, of Waltham, Mass. and San Mateo, Calif.-based North Bridge Venture Partners; John Gannon, Waltham, Mass. and Seattle-based Polaris Ventures; Justin Perreault, Waltham, Mass.-based Commonwealth Capital; and Brad Waugh.
Prior to joining Antenna, Hemmer was senior vice president and general manager for ADC Corporation's Software Services Division. Earlier he was president and chief operating officer at CommTech Corp. and before that was senior vice president of operations at Cap Gemini Telecommunications. He also was a member of the senior leadership team at Computer Sciences Corporation, establishing a global communications business for the company.
Antenna is a mobile enterprise solutions provider, operating in more than 37 countries.
SEC filing: http://tinyurl.com/483vdmn
Bios of principals
Bill Korn, CFO
Bill Korn has more than 20 years of experience managing fast growth technology-based businesses. As a five-time CFO in entrepreneurial companies, he has experience with the unique challenges of managing growth, and also has significant operating and strategy experience. Prior to joining Antenna, Bill was CFO of iRail, LLC, a provider of procurement solutions for transit agencies, where he continues to have a board seat. Bill was President of Telelogue, a venture-backed Bell Labs spin-out creating advanced speech recognition technology, and was both COO and CFO of INFONXX, an Inc. 500 company providing directory assistance services to the wireless industry. Bill also served as CFO of Integrion Financial Network, a joint venture of IBM and 19 major financial institutions, and INCOMNET, a public company that designed and built data communications computers. Bill spent ten years with IBM building their global services business, and was a founder of IBM Consulting Group. He was part of the corporate strategy team which created IBM's services strategy during Lou Gerstner's first year as CEO. Bill received a Bachelor of Arts in Economics from Harvard College and a Masters in Business Administration from Harvard Business School.
Richard D'Amore, General Partner, North Bridge Venture Partners
Rich D'Amore has been with North Bridge since inception and has been in the venture business since 1982. Prior to 1982 he worked as a consultant at Bain and Company and as a certified public accountant with Arthur Young and Company. Mr. D'Amore's venture investing is targeted at the software industry with his investments being split between early-stage projects and special situations. Virtually all have been active projects, including structuring initial transactions and assuming a board seat. He has focused his investment activity in the Northeast. Rich is a graduate of Northeastern University (summa cum laude), 1975, and the Harvard University Graduate School of Business Administration (Baker Scholar), 1980.
John Gannon, General Partner, Polaris Ventures
Prior to Polaris, John was chief financial officer of Firefly Network Inc., which was sold to Microsoft in 1998. Before Firefly Network, John held a number of positions at Powersoft Corporation, including chief financial officer and treasurer. During his tenure at Powersoft, from 1992 to 1995, the company grew annual sales from $21 million to over $200 million. John was instrumental in the company's successful initial public offering in 1993 as well as in several mergers and acquisitions during that period. John came to Powersoft from Trinzic Corporation, where he was chief financial officer, and Cullinet Software, Inc. where he held the positions of vice president of administration and treasurer. Prior to Cullinet, he was a certified public accountant for Coopers & Lybrand. John received his BA in accounting from Northeastern University. He is a member of the Massachusetts Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
Martin Levion, Director and Head of the Derivatives and Financial Products Group, Societe Generale
Martin Levion oversees the Group's activities including Fixed Income Derivatives, Credit Derivatives, Municipal Finance and Derivatives, Structured Credit Products, credit arbitrage, emerging markets arbitrage, principal finance, and structured tax-based products. Mr. Levion joined SG in 1990 when he founded the DFP Group. Previously he was a member of the Interest Rate Swap Group and then the Fixed Income Arbitrage Group at Salomon Brothers in New York and London. Before joining Salomon, he was a trader in the Municipal Bond department at Lehman Brothers. Mr. Levion has been an active early round investor in many private equity funded technology and service companies and has served on the boards of Conley Corp (subsequently sold to EMC), PFS Trader Tools, and Antenna Software. Mr. Levion graduated in 1982 from Cornell University with a B.A. in Economics.
Justin Perreault, General Partner, Commonwealth Capital
Justin has 16 years of venture capital and operating experience in information technology industries. At Commonwealth Capital he focuses on enterprise software and communications infrastructure companies. Prior to joining Commonwealth, Justin was CEO of Object Design, a publicly held software company. Earlier, he was a vice president at Harvard Management Company, responsible for information technology venture investments, and a consultant with McKinsey & Co., Inc. Justin received an MBA from the Harvard Business School and a BS in Mechanical Engineering from Rensselaer Polytechnic Institute.
Peter Semmelhack, Founder and Chief Technology Officer
Peter is the company's founder and leads the Antenna product strategy and management team, combining vertical market expertise, technical know-how, creative vision and entrepreneurial experience. Peter is a frequent speaker at IT and Field Service conferences and tradeshows and has written numerous articles for industry publications. In September 2002 Peter was featured as an industry "Thought Leader" by Field Force Automation magazine. Prior to founding Antenna Software, Peter founded the digital media production company, Antenna Tool & Die Co., where he led large-scale design and programming projects including Web sites, television commercials and CD-ROMs for ABC Television, Time Warner, IBM, MCI, and General Mills. Most notably, Peter created and designed Microsoft's fall 1996 television ad campaign "Where do you want to go today?" in conjunction with Wieden & Kennedy. Peter has a BA in economics from Brown University.
Brad Waugh
Brad successfully sold his first company in 1998, c.w. Costello & Associates, Inc. (a Y2K services firm), after growing the firm from $15M to $78M in three years. The firm was sold to Covansys, a publicly traded company based in Farmington Hills, MI. His most recent company, Watch Hill Partners, Inc. (started December 2000), was founded to focus on Fortune 1000 companies that had existing CRM implementations that needed to be optimized for a greater ROI through change management and mobile technology. Watch Hill Partners was sold to Mastercard International in May of 2004, forming a new consulting unit, Mastercard Advisors, and the Customer Experience Group. Brad recently won the 2004 Technology Award for Entrepreneurship, from EFNE (Entrepreneurship Forum of New England. Brad is the founder and past president of the RI Technology Council, and a past board member of Boston University, where he earned his BS/BA degree from the School of Management. Brad has also served as the Commissioner of the RI Convention Center Authority and the Narragansett Bay Commission.
Also at citybizlist, see:
Antenna Software Raises $6.4M of $7.0M - cbl
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