Summit Partners Names Software Industry Leader Brian Provost to Its Executive-in-Residence Program

MENLO PARK, CA--(Marketwired - May 5, 2016) - Summit Partners, a global growth equity investor, today announced the addition of Brian Provost to the firm's Executive-in-Residence ("EIR") program. In this role, Mr. Provost will work closely with Summit's Technology team to identify new investment opportunities in the software sector.

Mr. Provost joins Summit's EIR program from Convey Compliance, a tax compliance Software-as-a-Service (SaaS) company. Mr. Provost joined Convey as President and CEO in 2008 and led the company through a rapid growth stage that resulted in an acquisition by Vista Equity in 2014. During his time with the company, Mr. Provost's dedication to talent acquisition, customer service and growth strategy execution were key drivers in establishing Convey as the leading SaaS-based tax information reporting provider.

Prior to Convey, Mr. Provost served as Chief Operating Officer of Gelco Expense Management, a SaaS-based provider of travel expense management solutions, where he rapidly scaled the business over a five year period ending with its acquisition by Concur Technologies in 2007. Prior to Gelco, he served in leadership roles at several prominent companies including Wizmo, Inc., Norstan Communications (acquired by BlackBox), and ColorSpan (acquired by Hewlett Packard). 

In addition to his executive leadership experience, Mr. Provost is affiliated with several industry boards. Since late 2014, Mr. Provost has served as Chairman of the Board to DELAGET Corporation, a provider of loss prevention and analytics software for restaurant owners. He also serves on the board of directors for Avionte Staffing Software and Apex Information Technology. As a dedicated philanthropist, Mr. Provost also serves as Chairman of the Board to the Banyan Community, a Minneapolis-based organization dedicated to transforming lives by developing youth, strengthening families, and creating community.

"Brian brings with him over 20 years of executive leadership experience and a strong record of scaling businesses," said Peter Rottier, Managing Director at Summit Partners. "His distinct understanding of growth stage software businesses will be a great asset to our EIR program. We are thrilled to have the opportunity to work closely with him."

"I have been aware of Summit and their reputation for partnering with growing software and SaaS companies throughout my career," said Provost. "I'm thrilled to work alongside Summit's technology team and further their mission of partnering with the best growth companies worldwide."