Friday, 28 April 2017
Last updated 5 hours ago
Apr 20 2017 | 5:45pm ET
Warburg Pincus has named software industry veteran and Pivotal Software executive chairman Paul Maritz as an industry advisor to its technology, media and telecom group.
In his new capacity, Maritz will work with Warburg Pincus to explore investment opportunities in enterprise software, including the application of cloud computing and machine learning to business problems, the company said in a statement.
Maritz has 35 years of experience as a leading software executive. He is currently executive chairman of the board of Pivotal Software, which he co-founded in 2013 and ran as CEO until 2015. Previously, he was CEO of VMware from 2008 to 2012, where he the transformation of the company and grew revenue by over 300 percent. Prior to joining VMware, Maritz was the founder and CEO of Pi, which was acquired by EMC, and Maritz spent 14 years at Microsoft.
“We are thrilled to be working with Paul again,” said Cary Davis, managing director of Warburg Pincus, in the statement. “Paul was an advisor to Warburg Pincus fifteen years ago, and then we jointly financed Paul’s vision for Pi. Machine learning is the next frontier in computing, and we hope to make several investments together.”
Founded in 1966, New York-based Warburg Pincus is private equity firm with more than $44 billion in assets under management in an active portfolio of more than 140 investments. Since inception, Warburg Pincus has raised 16 private equity funds, which have invested more than $60 billion in over 780 companies in more than 40 countries.