Board of Directors

Peter Gyenes

Peter Gyenes has four decades of experience in global technical, sales, marketing, and general management positions within the software and computer systems industries. He is currently the non-executive chairman of Sophos plc, a global security software company. He is an active investor and board member focusing on technology market opportunities. Mr. Gyenes also serves on the board of Lawson Software (NASDAQ: LWSN), a global provider of enterprise software solutions, Netezza Corporation (NYSE: NZ), a provider of data warehouse appliances, VistaPrint Limited (NASDAQ: VPRT), a global e-commerce provider of marketing services to small businesses, Pegasystems (NASDAQ: PEGA), a provider of business process management software solutions, as well as a number of privately held technology companies, and is a trustee of the Massachusetts Technology Leadership Council. He served on the boards of webMethods, Applix and BladeLogic, each public companies recently acquired by strategic buyers. He served as Chairman and CEO of Ascential Software (Nasdaq: ASCL), as well as of its predecessor companies VMark Software, Ardent Software and Informix, and led its growth into the data integration market leader, from 1996 until it was acquired by IBM in 2005. Previously, Mr. Gyenes served as President and CEO of Racal InterLan, Inc., and in executive positions at Data General Corporation, Encore Computer Corporation and Prime Computer, Inc. Earlier in his career, he held sales and technical positions at Xerox Data Systems and IBM. He is a graduate of Columbia University where he received both his B.A. in mathematics and his M.B.A. degree. Mr. Gyenes was awarded the 2005 New England Region Ernst & Young Entrepereneur of the Year award in Software.

Prashanth V. Boccasam

Prashanth V. Boccasam is Executive Chairman and Chief Strategist of Approva Corporation. Prashanth or “PV”, brings over 20 years of management experience to Approva Corporation. At Approva, he leads the execution of his vision and strategy to ensure continued leadership in the emerging area of Governance, Risk and Compliance (GRC). Approva is now a gold-standard for how large global companies and their external auditors ensure the strength of their company’s internal controls. Approva is backed by marquee venture capital firms including Novak Biddle, NEA, Columbia Capital, and Sierra Ventures with strategic investment from Hyperion/Oracle.

Before founding Approva, PV was co-founder and president of Entevo, Corp., which was sold to a NASDAQ-listed company for $125 million in January 2000. Following the acquisition, he defined the overall strategic direction of the company’s product portfolio. Entevo raised over $27M dollars in venture capital was backed by marquee investors including NEA, Oak Investment Partners, Draper International, FBR Ventures, SAP Ventures and Novak Biddle Venture Partners.

Prior to founding Entevo, PV spent several years developing and managing enterprise-class products at Microsoft’s Systems Division, and later in its Worldwide Consulting Groups (MCS). PV’s extensive software and management experience includes building, marketing, and selling enterprise software products in the areas of Internet and application infrastructure, ERP, directory, and security management.

PV was selected a finalist for the Ernst & Young Entrepreneur of the Year for three consecutive years (2006, 2007, 2008) for the Greater Washington region. He has also been recognized for building one of the Hottest Management Teams in the Washington D.C. area by the Northern Virginia Technology Council (NVTC), the nation’s largest technology think tank. PV is as an active board member of TiE-DC, Washington’s largest business networking organizations to provide area entrepreneurs with mentorship and support. PV is also a Fellow at University of Maryland Smith Business School and co-leads the TiE-Smith Fellows Program for Entrepreneurs. PV is an eminent spokesperson and writer in the areas of continuous controls monitoring, continuous auditing, IT and Application Security, fraud, corporate governance, risk and compliance related industry events.

PV holds advanced degrees in Computer Science from the University of Pune (India) and the University of Cincinnati, and is a graduate of the Executive Management Program at MIT’s Sloan School.

Robb Doub

Robb joined New Markets Venture Partners as a General Partner in 2003. Robb is the lead administrative partner and serves as a board member for Appfluent Technology and is a Board Observer for BDMetrics, Navtrak, Appfluent, and ARPU, Inc. Robb also serves on the board of Egeen International and the Conflicts Advisory Board of the off-shore hedge funds managed by Deutsche Asset Management's Absolute Return Strategies Group.

Robb has been investing in high growth companies since 1993. Prior to New Markets, Robb was a Managing Director of the Small Enterprise Assistance Funds (SEAF), a $200 million managed emerging market venture capital company. Robb served on the board of SEAF portfolio companies in industries including pharmaceutical distribution, cable television, internet services, food retail and distribution, biotechnology, and enterprise software. Prior to SEAF, Robb was an Associate of Private Equities at the Calvert Group, a $10 billion socially responsible mutual fund and has worked for two start-up companies.

Robb was a visiting professor at the University of Warsaw 's School of Business teaching finance to MBA candidates and has been a guest speaker the at the Kellogg School of Business at Northwestern and at the Johnson School of Business at Cornell.

Robb graduated from the University of Vermont, with a major in History, and received a MBA with Honors from the Georgetown University. Robb is married with three children.

Frank Gelbart

Frank Gelbart has over 20 years experience in enterprise software sales and marketing. Prior to becoming CEO of Appfluent in 2002, Frank held executive sales and marketing positions with both venture backed and publicly-traded software companies. As VP of Worldwide Sales at Entevo Corporation he spearheaded the company’s aggressive global sales growth which culminated in a $125 million acquisition by Bindview Development in February of 2000. As VP Marketing for CyberGuard Corporation, a publicly-traded Internet security company he oversaw product management, corporate marketing and business development. Prior to Cheyenne’s acquisition by Computer Associates for $1.2 billion, Frank was responsible for Cheyenne’s sales operations in Asia, Canada and Latin America.

Renee Lorton

Ms. Lorton, most recently, was the Senior Vice President and General Manager of Performance Management Solutions at Cognos Inc, prior to its acquisition by IBM. Ms. Lorton was formerly the Senior Vice President and General Manager at PeopleSoft, where she was responsible for its Financial Management Solutions, Enterprise Performance Management (BI), and Enterprise Service Automation divisions. In addition, Ms. Lorton previously served as Global CIO at PricewaterhouseCoopers and as Vice President and General Manager at the Business Solutions Division of Best Software. She was CEO and founder of TaxLAB, a start-up that pioneered the automation of tax application development. She is currently the President/founder of White Rock Advisors, providing board-level advisory services to early and mid-stage technology start-ups.

Ms. Lorton has been twice recognized as one of the 'top most influential people in Finance' and is a regarded thought leader and industry spokesperson on corporate compliance and IT governance technology. She holds a Master's degree from Georgetown University, Bachelor's degree from Purdue University, and is a Certified Public Accountant. In addition to Appfluent, Ms Lorton is a member of the board of directors for LogiXML and advisory board for Centrifuge Systems.