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Former Fidelity Investments® Chief Information Officer Brings Proven Technology Leadership and Extensive Network of Industry CIOs to Firm
BOSTON, October 3, 2005 - Fidelity Ventures, a leading provider of "Go-to-Market CapitalSM" to early-stage information technology and communications companies, today announced Donald A. Haile, former Chief Information Officer for Fidelity Investments®, has joined the firm as venture partner.
In this new position, Haile will collaborate with Fidelity Ventures' partners to broaden the firm's network of technology industry leaders, provide the "CIO perspective" to portfolio companies and help identify new investment opportunities.
Recognized by Network World as one of the 50 most powerful people in networking in 2004, Haile brings more than 40 years of management experience in the technology sector to his new position, including the last seven years as CIO for Fidelity Investments, one of the world's largest providers of financial services.
As CIO for Fidelity Investments, Haile managed a $2 billion average annual technology budget that was invested in the global communications networks and enterprise-wide applications, the maintenance of the company's computer operations, as well as the identification, testing and integration of new technologies across the Fidelity enterprise.
"Don is recognized as an industry leader and IT visionary, and we are excited to have him join the Ventures team," said Rob Ketterson, managing partner, Fidelity Ventures. "Don's wealth of knowledge, unsurpassed industry-wide IT relationships and understanding of what it takes to build a successful technology firm not only further enhances the value we bring to our portfolio companies but also helps the firm identify exciting new investment opportunities."
As CIO for Fidelity Investments, Haile led the adoption of numerous emerging technologies across the company including a next generation enterprise wireless LAN solution as well as a business service management platform designed to help consolidate and correlate network and systems traffic load information from across the enterprise.
In addition, Haile has played a pivotal role, in collaboration with Fidelity Ventures, in organizing and hosting CIO roundtables on topics such as open source software and compliance. Leveraging Haile's vast network of IT relationships, the roundtables have brought together CIOs and top IT executives from leading firms across the country.
"I have a passion for technology and have spent my entire career identifying ways to leverage new and existing technologies to help companies solve business problems and ensure a return on their IT investment," said Haile. "As a venture partner, I look forward to working with talented entrepreneurs who are creating new solutions to solve the next generation of business challenges facing CIOs."
Before joining Fidelity in 1998, Haile spent the first 34 years of his career with IBM, where he held various executive positions in hardware and software development, with responsibilities for telecommunications, systems management and IBM operating systems. While at IBM, Haile led the company's acquisition of Tivoli and Transarc. He has served on the advisory boards of such leading technology firms as IBM and Siemens Communications.
About Fidelity Ventures
For over 35 years Fidelity Ventures has played a vital role in the development of more than 100 information technology and communications companies including GeoTel Communications, Teleport, COLT Telecom, ONI Systems, WaveSmith, Connected and Airespace. Fidelity Ventures is able to leverage a unique combination of resources, including a global network of CIOs and IT executives, to help portfolio companies accelerate their market entrance at one of the most critical times in a company's life cycle: the Go-to-Market stage. Fidelity Ventures currently manages more than $650 million in venture capital, and invests in U.S.-based companies out of its Boston office, and in European companies out of its London office. For more information, visit www.fidelityventures.com.
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