PALO ALTO, Calif., July 15, 2014 /PRNewswire/ -- Bain Capital Ventures, a leading venture capital firm that makes early-stage and growth equity investments, today announced the appointment of Enrique Salem as a Managing Director based in its Palo Alto office. Salem will identify and lead investments in companies in infrastructure software and services across all stages of development. He was previously the CEO and President of Symantec, the global leader for security, backup and availability solutions.
"Enrique is an experienced leader, investor and operating executive in the software industry and we are thrilled to have him join Bain Capital Ventures," said Mike Krupka, co-managing partner of BCV. "We have known Enrique for many years, and he is a natural complement to our team and what we are doing within infrastructure software investing," added Ben Nye, co-managing partner of BCV.
With the addition of Enrique Salem, BCV will look to expand on its long history of success in infrastructure software investing, which includes investments in AppAssure, dynaTrace, SolarWinds, Rapid7, SevOne, TravelClick and VMTurbo.
"I'm a technologist at heart, and I am excited to have the Bain Capital Ventures platform behind me as we seek to partner with talented entrepreneurs to develop tomorrow's transformative companies," said Salem. "This is an exciting time in the software industry given the massive disruption taking place across the data center and networking segments. I am thrilled to join an experienced team to invest in and support the truly innovative companies being formed today."
Salem brings more than 27 years of executive experience in technology and security to Bain Capital Ventures, from his early career as a software engineer to leading a venture-backed software start-up and his service as CEO of a public software company. Salem was named 2004 Entrepreneur of the Year by Ernst & Young and 2007 Corporate Executive of the Year by Hispanic Net. Salem earned a BA in computer science from Dartmouth College.
In addition to his management career, Salem has been an active personal investor in software companies in Silicon Valley, and currently holds seats on the Board of Directors of Atlassian, Clari, Cloudgenix, DocuSign, FireEye and ForeScout.
Bain Capital Ventures opened its Palo Alto office in July 2011, and now has five senior investors based in Silicon Valley. The firm has made 21 investments in California since opening the office including Apixio, Aria Systems, Captora, Clari, Infoscout, TellApart and Wrike.
Bain Capital Ventures is the venture and growth affiliate of Bain Capital. BCV manages more than $2.9 billion of committed capital and has over 65 active portfolio companies. BCV invests from seed-stage through growth equity in companies focused on technologies and tech-enabled services aimed towards enterprise customers. BCV has offices in Boston, New York and Palo Alto. The firm has helped steer many ideas to success by partnering with talented and passionate management teams and deeply collaborating with them on long-term strategies. For more information please visit www.baincapitalventures.com or follow us at @BainCapVC.
SOURCE Bain Capital Ventures