Greg Stock Joins Austin Ventures as Entrepreneur-in-Residence

AUSTIN, TX--(Marketwired - Jan 13, 2014) - Austin Ventures ("AV"), a venture capital firm investing in early-stage startup companies in Texas, announces the addition of Greg Stock as an Entrepreneur-in-Residence ("EIR"). As an EIR, Mr. Stock will apply his expertise to software investments.

Greg has more than 20 years of executive leadership with high-growth companies that have gone public or been acquired. Prior to joining Austin Ventures, Greg worked at Macheen as President and CEO and remains Chairman of the company. Prior to Macheen, Greg was Chairman and CEO of Vovici, an AV portfolio company in Washington D.C. During his four-year tenure, Greg transformed the company into the leading provider of Voice of the Customer (VoC), SaaS solutions. Under Greg's leadership, Vovici experienced explosive growth by more than 300 percent, expanding its customer base to 1,200, including 50 percent of the Fortune 500. Vovici was acquired by Verint Systems in July 2011.

"Greg is a proven executive with deep operations experience. His knowledge and skills are uniquely valuable and will allow him to make an immediate impact by either starting a company or joining an existing company in our portfolio. We look forward to continuing our long-term partnership with Greg," said Chris Pacitti, AV General Partner.

Before Vovici, Greg served as President and CEO of Mirage Networks, a provider of network access control (NAC) solutions based in Austin, TX. During his tenure, Greg led the company from its first customer win to securing more than 600 customers in 40 countries and achieved more than $37 million in funding. Mirage was acquired by Trustwave in February 2009. As VP of Marketing, Greg drove Vastera, a provider of global trade management solutions, to a market-leading position and was instrumental in the company's successful IPO in September 2000. Greg also helped Manugistics, a supply chain management software company, grow revenues of more than $200 million and expand operations to China and Australia. Early in his career, Greg held leadership positions at Chrysler Motors in Detroit, MI and IBM Corp. in Rochester, MN and Somers, NY.

"For most of my career, Austin Ventures has been by my side. Whether it has been institutional knowledge, introductions to industry leaders, or providing financial support, they have always delivered for me," said Stock. "I am very excited to continue our great partnership by taking it to the next level."

About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for over 30 years. With $3.9 billion of capital raised, AV is the most active venture capital firm in Texas and one of the most established in the nation. AV invests in early stage and middle market companies, and its strategy is to partner with talented executives and entrepreneurs to build industry-leading companies predominantly in Texas. Visit Austin Ventures for more information.