News Analysis: Clarabridge Raises $80M in Funding For Expansion

Don Rainey joined Grotech Ventures in September, 2007 as a General Partner and focuses his investment activities on software and e-commerce technologies. Until recently, Don was a General Partner in Intersouth Partners, a venture capital firm based in Durham, North Carolina.

Formerly, Don was an entrepreneur with a track record of a number of successful businesses. He was President of Attitude Network, one of the first entertainment networks online, which was sold to TheGlobe.com. He also served as a founding member of the Board of Directors for Accipiter through its acquisition by CMGI and was COO of DaVinci Systems, which was sold to ON Technology, enabling a combined entity IPO four months later. Don has also held senior executive positions with Novell and the IBM Corporation. Currently, Don is an Adjunct Professor at the University of Maryland, where he teaches graduate courses on new venture creation and finance. Don is also among a select group of venture capitalists chosen to serve as a consultant to the Chief Information Officer of the US Department of Defense, through the DeVenCI program, advising on emerging technologies.

Don is a member of the boards of ARPU, Zenoss, Mid-Atlantic Venture Association (MAVA), March of Dimes – Capital Area, Virginia Tech Intellectual Properties Foundation and Mindshare, an organization that helps CEOs from the most promising start-ups in the Greater Washington Metropolitan region build long-term sustainable companies. Previously, Don has served on the boards of Covega, Defywire, Maxcyte, Artifact Software, Flatburger, Enterprise Investment Advisory Committee for the State of Maryland and Investment Advisory Board of the State of Virginia’s Growth Acceleration Program.

Don is a James Madison University Graduate, BBA and holds a MS in Bioscience Management from George Mason University.

John Glushik is a general partner with Intersouth Partners, one of the most active and experienced early-stage funds in the Southeast with more than 80 investments in private companies over the last 20 years. Intersouth manages more than $750 million in seven venture capital limited partnerships, the most recent of which was established in May 2006 and totals $275 million. This fund is the largest venture capital fund in North Carolina and one of the largest early stage funds in the Southeast. John has been actively involved with most of the companies in the Intersouth information technology portfolio, serving as a board member and a board observer. His work covers all aspects of venture investment and portfolio management. He has led multiple venture financings and he has managed a number of successful liquidity events. John is an active member of the Council for Entrepreneurial Development (CED), serving on CED’s board of directors and executive committee. He serves on the board of the Florida Venture Forum and he has served as co-chair of the AeA Venture Forum. He also serves on the advisory boards of the Entrepreneurs Foundation of the Southeast and Southeast TechInventures. He teaches as an Adjunct Professor at the Kenan-Flagler Business School at the University of North Carolina. He speaks frequently at North Carolina State University and the Fuqua School of Business at Duke University where he is an Entrepreneur Affiliate. John serves on the Engineering Alumni Council and Devil Fund Board at the School of Engineering at Duke. Prior to Intersouth, John worked as an engineer and consultant in the information technology and aerospace industries. His previous experience includes software development, telecommunications engineering, data communications research and strategic market consulting. He holds a B.S. in mechanical engineering and materials science from Duke, an M.S. in aeronautics and astronautics from the Massachusetts Institute of Technology and an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University.

Mr. Perl is a General Partner at Boulder Ventures and has more than 12 years of investing experience, focused primarily on early-stage information technology companies. He led Boulder Ventures’ successful investments in iLumin Software (acquired by Computer Associates) and Era (acquired by SRA International), and is on the Boards of Millennium Pharmacy Systems, Zenoss, and Metron Aviation. Mr. Perl is also a Board Member of The Mid-Atlantic Venture Association (MAVA) and a National Child Research Center (NCRC) Trustee and Chair of its Finance Committee. He is Co-Chair of MAVA’s Capital Connection for both 2009 and 2010.

Mr. Perl holds an MBA from the Amos Tuck School of Business at Dartmouth College and a BA (magna cum laude) in classical history from Tufts University.

Sanju K. Bansal has served as Executive Vice President and Chief Operating Officer since 1993 and was previously Vice President, Consulting since joining MicroStrategy in 1990. He has been a member of the Board of Directors of MicroStrategy since September 1997 and has served as Vice Chairman of the Board of Directors since November 2000. Prior to joining MicroStrategy, Mr. Bansal was a consultant at Booz Allen & Hamilton, a worldwide technical and management consulting firm, from 1987 to 1990. Mr. Bansal received an S.B. in Electrical Engineering from the Massachusetts Institute of Technology and an M.S. in Computer Science from The Johns Hopkins University.