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Francisco Partners adds key hires to senior operating team

Francisco Partners (FP), an investment firm that specialises in partnering with technology businesses, has added Paul Cormier, Matt Dircks, Joe Kim and Dr Ford Tamer to its operating team, Francisco Partners Consulting (FPC), as Senior Operating Partners. 

FPC now has over 40 operating executives that are providing value-creation support to FP portfolio companies.

Cormier, Chairman of Red Hat, continues in that role while also joining FPC as a Senior Operating Partner. Cormier became Red Hat’s Chairman in July 2022 after most recently serving as the company’s President and CEO.

Dircks joins FPC after serving almost nine years as CEO of BeyondTrust (fka Bomgar) and is currently serving as Executive Chairman. During Dircks’ tenure as CEO, he was responsible for growing BeyondTrust from a single product, on-premise vendor of IT remote support tools to a global market leader in privileged account management (PAM) and identity security.

Kim joins FPC as an experienced CTO and General Manager with over 20 years of operating executive experience in the infrastructure, application and security software segments. Most recently, Kim served as Chief Product and Technical Officer for Citrix Systems where he was responsible for strategy, development and delivery of the company’s $3.2 billion portfolio of products, technologies and solutions. 

Ford Tamer is joining FPC after serving more than nine years as the President and CEO of Inphi. Ford transformed Inphi to become the market leader for semiconductor solutions for cloud and telecom operators, and increased revenue from these customers more than 20 times to an annual run rate of approximately $750 million. As a result, Inphi’s stock price grew by more than 20 times, ultimately leading to a ~$10 billion acquisition by Marvell.

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