Fortent, a specialist in anti-money laundering, Know Your Customer, and fraud detection technology, today announced the appointment of Rich Green, Executive Vice President of Software, Sun Microsystems, Inc., and William H. Janeway, a Vice Chairman of Warburg Pincus, as members of its Board of Directors.
As the Executive Vice President of Software for Sun, Mr. Green is responsible for the overall operational leadership of Sun's software division, including the Solaris Enterprise System and Operating System, the Java Enterprise System suites, N1 management software, Sun Studio, and Java Studio developer tools. In addition, Mr. Green leads various industry standards efforts and open source communities.
Mr. Janeway is a Vice Chairman of the global private equity firm Warburg Pincus and a member of its management committee. Since joining Warburg Pincus in 1988, he has spearheaded the firm's investment activities in information and communications technology, helping to direct funding to enterprise application software providers such as Fortent. He is also a director of BEA Systems, Manugistics, O'Reilly Media, Nuance Communications, Wall Street Systems, and the Social Sciences Research Council, as well as Chairman of the Board of Trustees of Cambridge in America.
"To have experts of the caliber of Rich Green and Bill Janeway as members of our Board is a major testament to the strategic direction of Fortent," said Sandy Jaffee, Fortent's CEO. "Rich is one of the computer industry's most innovative thinkers and brings over 20 years of experience in software development, helping to create ground-breaking technologies and business models. Bill Janeway, whose experience encompasses over 30 years in investment banking and venture capital, is a leading voice in technology and financing in the investment community. Both Rich and Bill bring the kind of strategic leadership and problem-solving abilities that we are committed to delivering to our customers."
In 2005, Warburg Pincus provided significant equity funding to Fortent, allowing Fortent to expand its end-to-end compliance solutions through acquisition and development of additional technology systems.