Susquehanna Growth Equity (SGE) has appointed Dan Pomerantz and Greg Carter as Senior Advisers in the firm’s Portfolio Value Creation team. In their roles, they will collaborate with portfolio product and technology leaders to build high performing teams, deliver outstanding products, and accelerate growth.
“We are thrilled to add two seasoned executives with unique management, product development and technology expertise in both established and growing companies to our Portfolio Value Creation team at SGE,” says David Badler, Head of Portfolio Value Creation. “Dan’s substantial experience and knowledge as a seasoned operating executive and Greg’s extensive background in logistics and software technology will meaningfully increase the depth and breadth of talent and resources available to companies in our portfolio.”
Pomerantz brings 35 years of technology and operations experience, particularly with data-oriented and software companies. Most recently, he served as both CTO and COO for MMIT, a former SGE portfolio company focused on taking a technology-enabled approach to increasing transparency and guidance to pharmacy and medical benefit information. During his eight years at MMIT, the company achieved six-fold growth before being acquired by a financial sponsor. Prior to his role at MMIT, he served in a dual CTO/COO role for Redwood Analytics, where he was instrumental in guiding the firm from the early stages of a startup to becoming a three-time Deloitte Fast 500 technology business that was acquired by LexisNexis.
“The lines between COO and CTO roles at companies are blurring as technology increasingly drives operational success. Being able to apply the knowledge gained through my experience working in a dual-role at various companies is exciting and I look forward to engaging with SGE’s portfolio investments at various stages of their evolution,” says Dan Pomerantz. “I’m pleased to partner with SGE after having firsthand experience of working with the team from the portfolio company perspective.”
Carter has more than 30 years of product development, technology leadership, and product marketing experience working with enterprise software companies globally. Previously, he served as Chief Technology and Marketing Officer at GlobalTranz, a former SGE portfolio company and one of the largest third-party logistics technology providers in North America. While at GlobalTranz, in under two years, he led the technical due diligence and integration of over 12 acquisitions and two investor transactions. Before joining GlobalTranz, he was the CTO at Kewill, a TMS and Freight Forwarding software provider. Carter has also held CTO roles at RR Donnelly, EDGAR Online, and OpenText Metastorm.
“As an advisor to SGE, I look forward to leveraging my experience accumulated building logistics technology companies like GlobalTranz to the portfolio. Growth companies can largely benefit from understanding how major global companies operate – modelling the people, processes, and technology used by the largest corporations can help create an environment for them to thrive and rapidly expand. This is particularly true in the logistics space, which is ripe for change,” said Greg Carter. “For companies in the growth stage, having access to the resources of the tremendous SGE network serve as a competitive advantage in the market, and I look forward to working with portfolio companies to ensure they are maximising the resources of SGE to drive their success.”
SGE has invested in more than 55 growth-stage companies over the course of the firm’s 14 year history. The firm prides itself on its ability to provide founders and management teams with capital without a predetermined exit timeline and expertise to help accelerate their growth journeys.