Seasoned executive with decades of experience building global software companies will take Harmony to the next level.
RESTON, VA – March 3, 2008 – Harmony Information Systems, Inc. (Harmony), an industry leading provider of software solutions and consulting services for the health and human services (HHS) sector, today announced that John Burton, co-founder and managing general partner of Updata Partners, has been elected to Harmony’s board of directors. Updata Partners is a leading venture capital firm focusing on innovative, growth stage IT companies.
John Burton brings to Harmony’s board over three decades of experience building multinational information technology companies from the ground up. He has held senior executive positions in both private and publicly held corporations.
Prior to co-founding Updata, Burton served as president, COO, and CEO of Legent Corporation—then one of the largest software firms in the world—growing the company from $126 million to over $500 million in revenue.
Burton also co-founded Business Software Technology, Inc. (BST), a leader in software configuration management, driving the company’s compound annual growth rate in excess of 50% before its sale to Legent in 1989.
In addition to Harmony, Burton has served on the boards of several publicly held companies, including Banyan Worldwide, ePresence, MapInfo, OTG Software, and SAGA Software. Burton is also a board member of several Updata Partners portfolio companies including Core Street, Everest Software and Object Video.
Burton has made significant contributions to the Mid-Atlantic technology community, and was recently elected president of the Mid-Atlantic Venture Association (MAVA) by its board of directors. He was a founding member of the Northern Virginia Technology Council (NVTC) and also serves on the board of the Wolf Trap Foundation.
Burton graduated with honors from Boston College.
Tonya J. Harmon, president and CEO, Harmony Information Systems, Inc. “John Burton has an excellent reputation in the industry for taking high-growth information technology companies like Harmony to the next level. He has a proven track record in successfully managing double-digit growth—both organically through sales and by leading strategic merger and acquisition efforts. His experience taking multiple products to market, expanding operations on a global scale, and securing the financial resources required to fund growth will help Harmony establish the leading position in the HHS market. He is an excellent addition to Harmony’s board of directors.”
About Harmony Information Systems, Inc.
Harmony Information Systems Inc. is the leading provider of integrated case and financial management solutions for the health and human services profession. Harmony’s flexible, web-based case and financial management solutions are designed for organizations- public and private- that administer a broad of programs and services. Harmony’s enterprise approach automates and simplifies case and financial management processes and creates a centralized, comprehensive and reportable client view, resulting in improved client outcomes, more efficient service delivery and compliance with key funding guidelines and requirements. For more information visit www.harmonyis.com.
About Updata Partners
Based in Reston, Virginia and Edison, New Jersey, Updata Partners is a leading venture capital firm that invests in growth stage information technology companies with innovative intellectual property enabling market-leading products and services. Led by an investment team averaging more than 20 years of operational and private equity experience in the technology industry, Updata Partners seek investments where the combination of financial backing and operating expertise will accelerate growth. With over $400 million under management, the firm also selectively provides recapitalization and management buyout financing. For more information, visit www.updatapartners.com