Baum, former President & CEO of Netezza, brings with him over 25 years of experience growing and managing cutting-edge technology businesses
Boston, MA — May 27, 2015 – OpenView Venture Partners, the leading expansion-stage B2B venture capital firm, announced today the addition of Jim Baum as Venture Partner. Jim brings with him more than 25 years of experience in the technology sector. As an operating executive, Jim has a strong track record of success including IPOs and a multi-billion dollar exit. Jim is passionate about entrepreneurship and helping to build enterprise companies around exciting market opportunities. As a Venture Partner at OpenView, Jim will leverage this passion and experience to identify and partner with leading high-growth companies.
Prior to joining OpenView, Jim served as the President and CEO of Netezza, a data warehousing and analytics company. During his tenure, he led the company through IPO and later drove its acquisition by IBM in 2010 for nearly $2B. Jim previously served as the President and CEO of Endeca, an enterprise information management company, where he helped grow the company from an early-stage startup to a leading provider of information access and delivery software solutions. Endeca was ultimately acquired by Oracle in 2011. Early in his career, Jim served at PTC as Executive Vice President and General Manager. Over the course of his 11 year tenure, he helped that company grow from $11M to $1B in revenue.
Jim, who holds a BS in Engineering from Worcester Polytechnic Institute and a Master’s in Engineering from Rensselaer Polytechnic Institute, serves on a range of corporate boards from innovative start-ups and high-growth pre-IPO companies to publicly traded organizations including DataStax, EnerNOC, and Dyn. He is also a lecturer at MIT’s Sloan School of Management and Trustee at Worcester Polytechnic Institute where he serves as co-chair of the school’s initiative in innovation and entrepreneurship.
“OpenView’s history of success, unique investment strategy and focus on providing value-added services to their portfolio struck me as unique in the venture landscape,” said Jim. “I’m excited to be part of such an innovative team and look forward to helping our portfolio expand and grow.”
“We’re thrilled to have Jim on board at OpenView,” said Scott Maxwell, Founder and Managing Partner. “Jim’s historic track record of success and vast experience working in the enterprise technology sector makes him a great match with our investment strategy. Jim will be uniquely valuable to current and future portfolio members.”
About OpenView Venture Partners
OpenView Venture Partners is an expansion-stage venture capital firm based in Boston that invests exclusively in B2B software companies. In addition to its investment team, OpenView also has a dedicated team of 15 consultants who work with its portfolio companies to help them scale faster and more efficiently than competitors (http://www.openviewlabs.com). Founded in 2006, the firm invests globally and has nearly $700 million in total capital under management.