SOURCE: StarVest Partners

StarVest Partners

April 07, 2011 09:59 ET

StarVest Co-Founder and General Partner Deborah Farrington Ranked Top Female Technology Dealmaker on Forbes' Midas List

2010 Exits Include Fieldglass, iCrossing, Insurance.com and NetSuite

NEW YORK, NY--(Marketwire - April 7, 2011) - StarVest Partners, a venture capital firm investing in technology-enabled business services companies throughout the United States, today announced that Deborah Farrington, co-founder and general partner, has been named the top-ranked female executive on Forbes' The Midas 100 List, a survey of the top dealmakers in the United States. Farrington is ranked 77th and is one of just two women named to this year's list.

After a one-year hiatus, Forbes re-introduced The Midas 100 List on April 6, altering the methodology and including input from the venture community directly, in addition to other changes. The goal of The Midas List is to identify venture capitalists that generate profits for their investors and help to build valuable technology and life science companies.

"It's an honor to be named to the Forbes Midas 100 list for the third time and to be the top-ranked woman," said Farrington. "It is a testament to StarVest's successful track record in technology investing, and particularly our focus on Software as a Service (SaaS) and digital media. Our results in 2010 clearly demonstrated the value that StarVest brings to our portfolio companies and investors."

StarVest capped off 2010 with three successful exits:

  • Fieldglass, which sold for more than five times the capital invested;
  • iCrossing, which was sold to Hearst for a reported $325 million as the core of its digital media strategy; and
  • Insurance.com, which sold a portion of its assets to QuinStreet and continues to monetize its book of insurance policies in force.

The firm has also made 10 investments in its second fund in companies that include Host Analytics, the leader in on-demand corporate performance management; Ideeli, a rapidly growing flash sale site; Travel Ad Network, the leading and largest vertical media company in travel; and Transactis, an innovative electronic payment and promotion processing company.

NetSuite, in which StarVest was the lead venture capital firm in the company's highly touted 2007 IPO, traded above $2 billion in 2010, and Farrington currently is lead director and chairman of the compensation committee of NetSuite's board of directors.

"Debby is a pioneer in Cloud Computing and saw the potential of the Cloud long before the rest of the industry," said Zach Nelson, CEO of NetSuite, whose $1.6 billion IPO was at the time the highest venture-backed public offering since Google. "From her early investment when we had generated less than $100,000 in revenues to her current role as our lead director, Debby has been instrumental in shaping NetSuite into the market leader in Cloud-based business application suites."

Farrington co-founded StarVest Partners, L.P., headquartered in New York City, with Laura B. Sachar and Jeanne M. Sullivan in 1998. It is the largest venture capital firm in the U.S. majority-owned by women. On behalf of StarVest, Farrington also sits on the boards of Host Analytics, PivotLink and ComparisonMarket. She is also a director of Collectors Universe (NASDAQ: CLCT), where she is chairman of the compensation committee.

Prior to StarVest, Farrington was president and CEO of Victory Ventures, LLC, and managing director of Asian Oceanic Group. Earlier in her career, she was an investment banker and securities analyst with Merrill Lynch & Co. based in New York, Hong Kong and Tokyo. Farrington is a graduate of Smith College and holds an MBA from Harvard Business School, where she is a member of the Dean's Visiting Committee and endows a fellowship for Women Entrepreneurs. She is also a member of the Economic Club of New York and a board member of Opportunity International, a leading international microfinance organization.

About StarVest Partners
StarVest Partners is a New York-based venture capital firm with $400 million under management that is funding technology-enabled business services companies throughout the United States. The firm's value-added partnership maintains a laser focus on five key emerging technology and services sectors: Software as a Service (SaaS), Internet Marketing Services, eCommerce Services, Data Aggregation Services and Identity and Security Management. StarVest combines a sophisticated investment background with the experience to foresee opportunities for both its portfolio companies and funding partners. The firm's general partners are Deborah A. Farrington, Laura B. Sachar, Jeanne M. Sullivan and Larry A. Bettino. More information about StarVest is available at the company's Web site: www.starvestpartners.com.

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