Excerpt from:  Technology Investors
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April 19, 2007

Jon Seeber Joins Updata Partners

Information Technology VC Expands Team With Former IBM Corporate Development Executive
"Jon will evaluate investment opportunities in areas ... such as ecommerce, software-as-a-service, human capital management, financial technology and security."

Updata announced that Jon Seeber has joined Updata Partners as an Associate. Seeber will support investment identification and due diligence efforts and work closely with Updata Partners' portfolio companies.

"Jon will evaluate investment opportunities in areas where we are seeing compelling software and software-enabled services solutions and business models such as ecommerce, software-as-a-service, human capital management, financial technology and security," said Conor Mullett, General Partner at Updata Partners. "He is a great complement to our team and his corporate development experience and technical background will serve as valuable resources to our portfolio companies."

As a Business Development Consultant at IBM, Seeber played a key role on several strategic transactions, including the acquisitions of Internet Security Systems, Healthlink, and Corio, leading efforts ranging from strategy development and due diligence to negotiation and integration planning.


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