Welcome!

Log Management Authors: Dana Gardner, Pat Romanski, Elizabeth White, David H Deans, Carmen Gonzalez

News Feed Item

GTCR Announces $500 Million Partnership with Douglas Bergeron to Form Opus Global Holdings

GTCR, a leading private equity firm, today announced it has entered into a partnership with Douglas G. Bergeron to form Opus Global Holdings, LLC ("Opus Global"), headquartered in Palo Alto, California. Opus Global represents the second partnership between Mr. Bergeron and GTCR and will focus on pursuing companies across certain segments of the financial technology industry. GTCR, the firm that pioneered the Leaders Strategy™ – partnering with management leaders in growing industries to create market-leading companies – plans to invest up to $450 million of equity capital to support the strategy. Mr. Bergeron will serve as CEO of Opus Global and plans to invest up to $50 million.

Mr. Bergeron, a 23-year veteran of the financial technology industry, served as CEO of global payments technology leader VeriFone (NYSE: PAY) from 2001 through 2013. Bergeron previously led the acquisition of VeriFone from Hewlett-Packard in 2001 and, together with backing from GTCR in 2002, built VeriFone into a leading multinational payments company with operations in over one hundred countries and 2012 revenue of nearly $1.9 billion.

Prior to VeriFone, Mr. Bergeron was a nine-year veteran of SunGard Data Systems, serving as CEO of SunGard Brokerage Systems and President of SunGard Futures Systems among other executive positions. Subsequently, he served as CEO of Geac Computer (now part of Infor) and as a Group President at Gores Technology Group (now The Gores Group).

“The existing financial technology and payments ecosystems are rapidly evolving, but remain highly fragmented with limited interoperability and little opportunity to leverage enterprise-wide data,” said Mr. Bergeron. “We see an opportunity to successfully consolidate and globalize best-in-breed products for worldwide deployment while leveraging data across applications. We intend to assemble a leading, global financial technology company, and to develop a worldwide distribution network of partners, distributors and employees.”

“We are excited to once again partner with Doug,” stated GTCR Managing Director Collin Roche. “As a result of our previous partnership with Doug, we have tremendous respect for his capabilities in identifying sectors for strategic growth and building successful businesses in those sectors. We believe that Doug’s technology, software, and recurring services experience and his expertise in international channel development will contribute to the success of Opus Global.”

“GTCR has deep sector expertise in the financial technology and payments industries,” added GTCR Managing Director Aaron Cohen. “Drawing on our track-record and continued focus in this sector, we believe there are a number of compelling industry trends that we are excited to capitalize on with Mr. Bergeron. Moreover, the amount of equity capital allocated to Opus Global will enable GTCR, alongside Doug Bergeron, to consider and pursue a wide array of acquisitions, including the ability to undertake more sizeable transactions.”

GTCR is currently investing its tenth fund, a private equity fund with $3.25 billion of committed capital.

About Douglas Bergeron

As CEO of VeriFone, Mr. Bergeron assembled a worldwide management team that grew total revenues from under $300 million in 2002 to nearly $1.9 billion in 2012. International revenues grew 14-fold, from less than $100 million in 2002 to nearly $1.4 billion in 2012, as products were adapted for global markets and new channels were developed, leveraging the growth of the international payments marketplace.

Mr. Bergeron holds a Bachelor of Arts degree in computer science with special honors, from York University in Toronto, Canada, and a Master of Science degree from the University of Southern California. In June, 2013 he was awarded an honorary doctorate of laws (LLD) from York University.

Mr. Bergeron is a co-investor and director of Fundtech, Inc., a New York City-based financial systems company in which GTCR is the primary investor, as well as a co-owner and director of Richard Petty Motorsports, a NASCAR racing franchise.

About Opus Global

Headquartered in Palo Alto, California, Opus Global is a company focused on acquiring promising businesses across certain segments of the financial technology industry. Opus Global will seek to execute a transformative strategy of value creation, including the development of international sales channels and opportunistic consolidation of products and services within fragmented markets. Leveraging $500M in equity capital commitments from GTCR and Doug Bergeron, Opus Global will invest in companies ranging from smaller, entrepreneurial businesses to multibillion-dollar enterprises en route to building an integrated, global financial technology leader.

For more information about Opus Global, please visit www.opusglobal.com.

Media inquiries: [email protected]
Investment inquiries: [email protected]
Career opportunities: [email protected]

About GTCR

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare and Information Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $10 billion in over 200 companies.

For more information about GTCR, please visit www.gtcr.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
After years of investments and acquisitions, CloudBlue was created with the goal of building the world's only hyperscale digital platform with an increasingly infinite ecosystem and proven go-to-market services. The result? An unmatched platform that helps customers streamline cloud operations, save time and money, and revolutionize their businesses overnight. Today, the platform operates in more than 45 countries and powers more than 200 of the world's largest cloud marketplaces, managing mo...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
The platform combines the strengths of Singtel's extensive, intelligent network capabilities with Microsoft's cloud expertise to create a unique solution that sets new standards for IoT applications," said Mr Diomedes Kastanis, Head of IoT at Singtel. "Our solution provides speed, transparency and flexibility, paving the way for a more pervasive use of IoT to accelerate enterprises' digitalisation efforts. AI-powered intelligent connectivity over Microsoft Azure will be the fastest connected pat...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, at the same time that developers quickly spin up new cloud instances and executives push forwards new initiatives. The vulnerabilities created by migration to the cloud, such as misconfigurations and compromised credentials, require that security teams t...
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...
Your applications have evolved, your computing needs are changing, and your servers have become more and more dense. But your data center hasn't changed so you can't get the benefits of cheaper, better, smaller, faster... until now. Colovore is Silicon Valley's premier provider of high-density colocation solutions that are a perfect fit for companies operating modern, high-performance hardware. No other Bay Area colo provider can match our density, operating efficiency, and ease of scalability.