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Summit Partners announces five promotions


January 15, 2008

BOSTON, MA; PALO ALTO, CA; AND LONDON, UK — January 15, 2008 — Summit Partners, a private equity and venture capital firm that has raised nearly $9 billion since inception, today announced five promotions. In London, Sotiris Lyritzis has been promoted to General Partner, and Christian Strain has been promoted to Principal. In Boston, Thomas Jennings has been promoted to General Partner, and Peter Connolly has been promoted Principal. In Palo Alto, Greg Goldfarb has been promoted to Principal.

“Each of these talented individuals has contributed significantly to Summit Partners’ position as a leading growth equity investor,” said Bruce R. Evans, a Managing Partner in Summit’s Boston office. “We had a great year in 2007 and we look forward to maintaining our strong momentum in 2008.”

Mr. Lyritzis, who joined Summit Partners in 2002, previously held the position of Principal. His board directorships and investments include Actix, DEDON, IGEFI Group, Jamba!, SafeBoot Holdings, Web Reservations International, and Welltec International. Prior to Summit, Mr. Lyritzis was a co-founder of eLabsEurope AG, a Munich-based Internet procurement solution for the European life sciences industry. Prior to that, he held various positions at JPMorgan. Mr. Lyritzis holds a B.A. from Cambridge University and an M.B.A. from the Harvard Business School, where he graduated as a Baker Scholar.

Mr. Strain joined Summit Partners in 2005 as Vice President. His board directorships and investments include Vente-Privee.com. Prior to Summit, he worked for Apax Partners in Paris, where he was a member of the n Technology team. Mr. Strain earned a B.A. from Yale University and an M.B.A. from the Harvard Business School.

Mr. Jennings previously held the position of Principal. He joined Summit Partners’ Boston office as an Associate in 1997, became a Senior Associate in 2000, and served as Vice President from 2001 until 2005. His board directorships and investments include Anesthetix Holdings, AvePoint, Burst Media, Commnet Wireless, FedMed, Fermentas International, Hatcher Associates, NameMedia, Nomacorc, Paragon Computer Professionals, Sage Telecom, and Unica Corporation. Prior to Summit, Mr. Jennings worked at Andersen Consulting. He holds an A.B. from Boston College.

Mr. Connolly, who joined Summit Partners in 2004, previously held the position of Vice President. His board directorships and investments include Bartlett Holdings and Aurora Diagnostics. Prior to Summit, Mr. Connolly was with Goldman Sachs & Company where he worked in the consumer, healthcare, and general industrial sectors. Previously, he worked for Deloitte & Touche. Mr. Connolly holds a B.B.A., magna cum laude, from the University of Notre Dame and an M.B.A., with distinction, from the Stern School of Business at New York University.

Mr. Goldfarb previously held the position of Vice President. He joined Summit Partners as an Associate in 2002, was promoted to Senior Associate in 2003, and became a Vice President in 2005. His board directorships and investments include IntelliChem, LiveOffice Holdings, ProClarity Corporation, The Mutual Fund Store, and Web Reservations International Limited. Prior to Summit, Mr. Goldfarb worked at Starwood Hotels & Resorts Worldwide. He holds an A.B. from Harvard University, where he graduated magna cum laude.

About Summit Partners
Summit Partners is a private equity and venture capital firm that provides growth financing to exceptional companies. Founded in 1984, Summit has raised nearly $9 billion in capital and has provided equity, recapitalization, and management buyout financing to more than 295 growing companies across a range of industries. Of these companies, nearly 125 have completed public offerings and in excess of 110 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, and London.

Summit Partners seeks to work with outstanding management team


Publisher Contact Information:

Summit Partners
+44 (0)20 7659 7503
slyritzis@summitpartners.com

Company profile of Summit Partners
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