Friday, March 9, 2012

Austin Ventures launches Brazos Software Corp. - Austin Business Journal:

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is AV's latest launch in its CEO-in-residence The company has been formed in partnership with locapl software executives Scott Harmon andSean Fallon, who are servinf as CEO and chief operatinfg officer respectively. Brazos will focusa on buying andexpanding well-establisherd software companies with solid tracj records of success. Harmon is a softwarer sector veteran and has held leadership posts with companiea such as Tivoli Systems andMotivse Communications. Fallon was most-recently senior vice president of Trilogy where he investeds morethan $100 million in capital and led the company'a merger and acquisition initiatives.
“Witgh Scott and Sean, we believe we have put togethefr a truly dynamic and complementaryy softwareexecutive team,” said Michael Rovner, AV Partner. “Betweebn Scott’s track record of growing innovativesand category-leading software companies and Sean’s history of acquirinyg and efficiently operating software businesses, we have the right leadershipl team to create a highlyh successful software company.” Harmon said the partnershi with AV offers a unique “AV has made a significantt investment commitment to he said.
"They also bring a deep understandinf and successful track record of buildinga company’a long-term operating success while simultaneously generatinv superior returns for the company’s investors and shareholders.”

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