Accel Partners Adds Venture Partner In Sik Rhee
August 03 2007 - 1:33PM
PR Newswire (US)
Serial Entrepreneur strengthens Accel's depth in Software and Data
Center Infrastructure PALO ALTO, Calif., Aug. 3 /PRNewswire/ --
Accel Partners, a leading Silicon Valley venture capital firm,
today announced the addition of In Sik Rhee to their Palo Alto
office as a Venture Partner. In Sik brings significant
entrepreneurial experience and deep knowledge in the software and
enterprise markets. In Sik previously co-founded two successful
startup companies. He was most recently a Co-Founder and Chief
Tactician at Opsware (NASDAQ:OPSW), formerly Loudcloud, which
recently announced its intention to be acquired by HP for $1.6
billion. In this role, he helped guide the evolution of the data
center automation product category and also spearheaded several
successful acquisitions such as Rendition Networks. Prior to
Opsware, In Sik co-founded Kiva Software Corporation, a pioneer of
the J2EE Application Server market. He architected and developed
one of industry's first Java application servers, deployed by
customers such as E*Trade and Bank of America. Kiva was acquired by
Netscape Communications in 1997. "We are very excited to have In
Sik as our Venture Partner. Enterprise software and data center
infrastructure have always been cornerstone investment areas for
Accel and In Sik's deep experience in these areas will further
extend our presence," said Ping Li, General Partner at Accel. In
addition to serving as an Advisor and Board Member to Accel
portfolio companies, In Sik will focus on new investment
opportunities in Software and Digital Entertainment. Accel
continues to build upon its successful heritage of companies in
these sectors (i.e. Veritas, Macromedia, JBoss) with more recent
category defining companies such as, XenSource, Acopia, BitTorrent,
Zimbra, among others. In Sik holds a Bachelor of Science in
Electrical Engineering and Computer Science from UC Berkeley, and
is the recipient of the 2004 Distinguished Engineering Alumni Young
Leader Award. About Accel Partners Accel was established in 1983
with offices in Palo Alto, California and London, as well as in
China via the IDG-Accel Partnership. With over $3 billion under
management, Accel has helped technology entrepreneurs build over
300 successful companies, many of which have become
category-defining companies, including recent IPOs such as
MetroPCS, Infinera, Comscore, and Riverbed. DATASOURCE: Accel
Partners CONTACT: Keirsten Lamppkin of Accel, +1-650-614-4800, Web
site: http://www.accel.com/
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