Elsewhere Partners Appoints First Operating Partners
Elsewhere Partners today announced the appointment of software industry veterans Rod Favaron and Michele Perry as its first Operating Partners as it advances its investments in capital-efficient, growth-ready software companies. Continuing the expansion of its Austin-based investment team, the appointment of Favaron and Perry as dedicated Operating Partners will provide additional seasoned leadership for Elsewhere’s full portfolio, as well as strengthen the firm’s ability to keep pace with the demands of its growing investment pipeline and executive candidate placement activities.
Working closely with the Elsewhere team as part of the firm’s extensive Operating Advisor network, Favaron and Perry have helped many Elsewhere portfolio companies strategically scale. Sharing Elsewhere’s passion for finding and unlocking the growth potential of software companies with a proven product market fit, Favaron and Perry will now focus on supporting due diligence, value creation planning and other investment activities in their new roles. As Operating Partners, Favaron and Perry will each tap decades of exemplary software industry leadership to identify new areas of investment interest, cultivate industry relationships and champion the best path for the complete portfolio of Elsewhere companies to reach their next growth milestone.
“While the current economic climate is forcing many investors to rethink their unicorn-centric investment theses, we are doubling down on our mission to back proven software outliers,” noted Chris Pacitti, Founder and Partner at Elsewhere Partners. “Working alongside Rod Favaron and Michele Perry over the years, I’ve watched them patiently guide and build enterprise software companies that can properly scale. I am confident they will model that exact mindset – one of committed counsel rather than constant pressure – for our team and for our extended network. It is exactly what the software investment arena needs now more than ever.”
Prior to joining Elsewhere Partners, Favaron served as President at Upland Software, a cloud-based enterprise work management software provider. A growth specialist, he led social media software company Spredfast (Vista Equity Partners) from pre-revenue to acquisition as Chairman and CEO and guided business process management company Lombardi Software (IBM) from pre-revenue to acquisition as CEO. A seasoned board member and respected industry leader, he currently serves on the Board of LeanDNA and Vyopta. He earned his MBA from the University of Dallas and his BS in Industrial Engineering from Louisiana State University.
A longstanding member of the Elsewhere team with three decades of experience in software and health technology, Perry has served as an Operating Advisor for Elsewhere since 2015. In her most recent role as CEO of Relatient (Brighton Park), a SaaS-based patient-centered engagement company, she drove significant revenue growth and value creation in advance of its recapitalization. Her deep domain expertise stems from her tenure as COO of GetWellNetwork (Welsh, Carson, Anderson & Stowe), CMO of Sourcefire (Cisco), SVP of Marketing for USinternetworking (AT&T), and more. Perry currently serves as a board member for BurstIQ, greymatter.io and Learnsoft. She earned her MBA from Harvard Business School and BS from the Wharton School at the University of Pennsylvania.
About Elsewhere Partners
Elsewhere Partners is a growth-stage investment firm that invests in Elsewhere Outliers – business software companies that are located outside of traditional venture capital hubs and have achieved substantial customer traction and revenue growth without significant outside funding. Elsewhere Partners combines transitional capital with transformational expertise to help companies achieve exit readiness on their own terms. Collectively, Elsewhere's investors, Operating Partners and Operating Advisors represent experience across 150+ organizations, 100+ acquisitions, 150+ rounds of financing and $1+ billion in total investment. To learn more, visit https://elsewhere.partners.