UPDATE 1-Evercore hires tech banker from Jefferies

* Evercore ramps up tech team with new hire

* Offers 23 years experience with top tech companies (Adds additional comments on Evercore's tech strategy)

By Nadia Damouni

NEW YORK, Nov 29 (Reuters) - Investment bank Evercore Partners said it expanded its technology team with the hiring of former Jefferies vice chairman Paul Deninger.

Deninger, who will be based in both the Boston and San Francisco offices, will focus on providing advice to companies within technology and clean technology sectors, Evercore said on Monday.

Michael Price, head of technology and telecom at Evercore, told Reuters the firm is looking to add further hires to its technology team, with already a dozen bankers focused on the sector in North America.

Deninger, with more than 23 years of experience, has advised on transactions involving IBM (IBM.N), Hewlett-Packard (HPQ.N), Adobe (ADBE.O), BMC Software Inc (BMC.O) among other companies, and numerous initial public offerings, including software company, QlikTech.

The appointment reinforces Evercore's mandate to build its M&A capabilities, said Price.

"Tech is both an IPO business as well as an M&A business," Price said. "The majority of venture companies eventually get sold, but the IPO market remains a viable opportunity for a select few."

Deninger will work closely with Evercore's technology team, which recently advised Carlyle in its $2.6 billion acquisition of Syniverse Technologies [SVRTE.UL], Intel Corp (INTC.O) in its $1.4 billion acquisition of Infineon's Wireless Solutions Business, and ACS in its $8.2 billion sale to Xerox Corp (XRX.N). (Reporting by Nadia Damouni in New York, editing by Maureen Bavdek and Tim Dobbyn)