Evolution Equity Partners today announced that Karthik Subramanian has joined the firm as partner and will lead investments in cybersecurity, enterprise software, IoT, cloud and analytics. Mr. Subramanian will be based in the San Francisco Bay Area and help build Evolution Equity Partners’ presence on the West Coast. He is also a member of the investment committee.
As head of cybersecurity acquisitions and investments for Cisco, Mr. Subramanian helped establish the company as a sector leader through several marquee acquisitions totaling more than $3.75B in cumulative deal value. He led investments in 11 leading cybersecurity companies in four years.
“Karthik has an unparalleled grasp of the cybersecurity market, and more importantly, where it’s going next. His deep background in M&A and operations, technical expertise and entrepreneurial experience will help us identify the most promising new companies,” said Richard Seewald, founder and managing partner of Evolution Equity Partners. “His knowledge and investment experience are a great complement to our team.”
Prior to Cisco, Mr. Subramanian was vice president of investment banking at Barclays (previously Lehman Brothers) where he advised companies on software M&A and financing with a cumulative transaction value of over $5B. He also led Xoom.com’s successful IPO on NASDAQ. Mr. Subramanian holds an MBA from the University of Pennsylvania’s Wharton School of Business, a M.S. from Georgia Tech, and a B.Tech from Indian Institute of Technology, Bombay.
“Enterprises and governments are in an arms race with cyber adversaries that include hackers, fraudsters and nation-states, all of whom are developing automated attack tools and techniques,” said Karthik Subramanian. “Fortunately, there is massive innovation taking place in the cyber security segment to defend against such threats. These forces are creating significant investment opportunities for seasoned investors and growth potential for disruptive companies.”
About Evolution Equity Partners
Evolution Equity Partners, based in New York City and Zurich, Switzerland, invests in fast growing technology companies helping exceptional entrepreneurs develop market leading companies. The firm has a focus on Cybersecurity and Enterprise Software and its partners have been founders, investors and senior operating executives in leading software companies around the world. Evolution was founded by investor and technology entrepreneurs Richard Seewald and Dennis Smith, who manage the firm, and are joined by partners Karel Obluk (former CTO of AVG Technologies) and J.R. Smith (former CEO of AVG Technologies) to lead a specialist team of professionals. Current and past portfolio companies include: AVG Technologies (NYSE: AVG), Cognitive Security, OpenDNS, Carbon Black, Onapsis, Security Scorecard, DFLabs, Fortscale, LogPoint, Eperi, Panaseer among others.