Summit Partners Announces Five Promotions

BOSTON, PALO ALTO, Calif. and LONDON, Jan. 15 /PRNewswire/ -- 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 (http://www.summitpartners.com) 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 teams that have
self-financed their companies to profitability and market leadership. Notable
investments include E-TEK Dynamics, FleetCor Technologies, Hittite Microwave,
Jamba!, Keystone RV Company, Lincare, McAfee, NightHawk Radiology,
optionsXpress, Pediatrix Medical Group, and Physicians Formula.
The business of Summit Partners in the UK is regulated by the Financial
Services Authority. Summit Partners Limited is registered in England and
Wales. The registered number is 4141197, and the registered office is located
at 20-22 Bedford Row in London, WC1R 4JS, UK. In the US, Summit Partners
operates as an SEC-registered investment advisor. This document is intended
solely to provide information regarding Summit Partners' potential financing
capabilities for prospective portfolio companies.
SOURCE Summit Partners

Kenny Juarez or Eliza Johnson, both of The Abernathy MacGregor Group,
+1-212-371-5999, for Summit Partners