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BA Venture Partners Promotes Andy Vitus
To Principal
Vitus to Continue Focus on Identifying
Innovative Semiconductor Companies for Investment
Tuesday, June 27, 2006
Foster City, Calif - June 27, 2006 -- BA Venture Partners
(BAVP), a venture capital partnership that provides capital
and expertise to accelerate market traction for technology
and healthcare companies, today announced the promotion of
Andy Vitus to Principal.
As a member of the firm's hardware team, Andy plays a key
role evaluating new investment opportunities in semiconductors,
telecommunications and novel materials. He is currently focused
on innovations in consumer electronics and mixed signal technologies,
and has worked closely with the firm's portfolio companies
including, Auvitek, Picolight, Entone and Enuclia. BAVP's
hardware team also includes Managing Directors Jim Jones,
Rob Herb and Director Eric Sigler.
"With our focus on mid-stage companies and driving market
traction, Andy's combination of technical expertise and analytical
skills to evaluate market opportunities has been a real boon
to our investing pace, said Jim Jones, Managing Director.
He is able to help us find the companies just about to hit
a point of inflection. His promotion is well-deserved."
Prior to joining BAVP in 2003, Andy worked as a hardware
engineer for Electronics for Imaging, designing embedded print
server platforms and video compression IC's. Previously, he
was a software engineer for De Beers Research Labs, doing
research on computer vision for both medical and mining applications.
Andy earned an MS in Electrical Engineering from Stanford
University and a BS in Electrical Engineering from the University
of Cape Town, South Africa.
BAVP currently is investing BAVP Fund VII, a $400 million
fund. Areas of investment include semiconductors, networking
and consumer electronics; internet and wireless services,
and software-as-service applications; therapeutics for oncology,
inflammation, neurology and dermatology; and medical devices
addressing orthopedic, cardiovascular and neurological markets.
About BA Venture Partners
BA Venture Partners (BAVP) provides capital and expertise
to accelerate market traction for technology and healthcare
companies. Based in Foster City, California, the BAVP team
collectively offers decades of technology and venture industry
experience to development- stage companies in hardware, software,
biotechnology and medical devices. Representative portfolio
companies include Alimera, Biz360, Frontbridge, Glu Mobile,
Good Technology, Monolithic Power Systems, Omniture, Placeware,
Seattle Genetics, Somaxon, Wayport and Xceive. Bank of America
is BAVP's sole limited partner. For more information, visit
www.baventurepartners.com.

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