Silicon Valley venture firm Greylock Partners is adding a seasoned executive to its enterprise team today with the addition of Frank Slootman as partner. Slootman was formerly the CEO of Data Domain, which was acquired by EMC in 2009 for $2.4 billion (Greylock was one of the two founding investors of Data Domain). Slootman says he will continue on at EMC as an advisor.
At EMC, Slootman served as president of EMC’s Backup Recovery Systems Division, and prior to his role at Data Domain, Slootman served as a products executive at Borland Software and Compuware Corporation.
Based on his experience in the enterprise market, Slootman invest in data center infrastructure start-ups, particularly in the virtualization, networking, storage, cloud and enterprise application sectors. He joins existing Greylock partners in the enterprise group, Aneel Bhusri, co-CEO and co-founder of Workday and former SVP at Peoplesoft; and Asheem Chandna, former VP of product and business development at Checkpoint.
Slootman says that he’s particularly bullish on investments that relate to “everything that populates a data center,” including storage, networking and virtualization startups. Recent enterprise investments for Greylock include Cloudera, Zend Technologies, and Actifio.
Greylock partners with entrepreneurs to help them build market-leading businesses. Over the past 45 years the firm has worked with hundreds of companies, 150 of which have gone on to IPOs and 100 of which have gone on to profitable M&A events. Such companies include Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick, Farecast, Internet Security Systems, Ikanos, Legato, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies, Success Factors, Tellabs,...
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