Press Releases
Jan 23, 2009VSPRING CAPITAL ANNOUNCES PROMOTION OF DAVID ANDERSON TO ADMINISTRATIVE PARTNER
Salt Lake City, Utah - January 23, 2009- The partners of vSpring Capital are proud to announce the promotion of David Anderson from chief financial officer to administrative partner of vSpring Capital.
David’s new position and title is a reflection of his competence in meeting the increasing demands of vSpring’s growth. Since David joined vSpring Capital, he has supported the creation of four funds (family of funds) and more than 70 investments.
David joined vSpring Capital in 2001 and as CFO was responsible for managing the firm’s finance, marketing, human resource, information systems and administrative functions. In addition to his operating responsibilities, David has also served on the board of directors for two of vSpring’s portfolio companies, PS’Soft and Netaphor.
Dr. Dinesh Patel, Ph.D., managing director of vSpring Capital said, “David is a great asset to vSpring. His experience in leading venture backed companies through equity transactions and M&A activities has proven to be vital to the growth and expansion of vSpring.”
Mr. Anderson has an extensive background in managing the financial and operational functions of both public and venture-backed private companies. Prior to vSpring, Anderson served as the chief financial officer of several venture backed companies including SingleTrac Technologies, (which was later sold to GT Interactive) a publicly held software distributor, where he served as the VP of Finance and Business Affairs.
Mr. Anderson spent the first 11 years of his career as an audit professional with Ernst and Young’s high technology practice in both the Palo Alto and Salt Lake City offices. Anderson graduated with honors from UtahStateUniversity with a B.S. in Accounting.
David commented, “I am excited to be involved in the progression of vSpring Capital as one of the leading early-stage venture capital firms and look forward to positive strides we are taking towards the future.”
About vSpring Capital
vSpring Capital (www.vspring.com) is an early-stage venture capital firm with $400 million under management. With offices in Utah and New Mexico, vSpring invests in information technology and life science companies that have the potential to transform their markets and create lasting value.
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For additional information, vSpring Capital at 801-942-8999 or visit www.vspring.com |