We are very excited to welcome Dev Ittycheria to Greylock, as a Venture Partner in our Silicon Valley office. Dev will be focused on investing in enterprise software companies, with a focus on cloud-based services and enabling IT infrastructure. Dev is a serial entrepreneur and an accomplished executive, and a much sought-after advisor to company founders and CEOs.
Dev is well known within the enterprise sector for his entrepreneurial success at BladeLogic, a company he led as CEO from inception through a successful IPO and eventually a sale to BMC in 2008 for $900M. Following the acquisition, Dev was the President of BMC Software where he led BMC’s $1.4B enterprise service management business with more than 4,000 employees in over 25 countries. Prior to BladeLogic, Dev founded Applica, one of the industry’s earliest cloud computing companies. Applica merged with Breakaway Solutions, which went public in 1999.
Over the last couple of years, Dev has gained considerable board experience as an investor and independent board member at several companies including Bazaarvoice (Nasdaq: BV), AthenaHealth (Nasdaq: ATHN) and AppDynamics (where Greylock is a founding investor). Dev joined the AppDynamics board of directors in 2011. It has been terrific working together on the AppDynamics board and watching Dev in action, as he brings his insights on competitive strategy, recruiting, and go-to-market, to help AppDynamics rapidly scale.
Dev is a passionate believer that great technology married with outstanding go-to-market separates truly great companies from the merely interesting ones. Having founded two companies, Dev has learnt that building great technology is not enough, and that equal effort needs to go into the design, construction and management of the company’s distribution channel. Dev is already actively helping several Greylock companies think through and further refine their go-to-market strategies.
We are particularly excited about Dev joining us now, given the tremendous opportunities in the enterprise sector. Within our enterprise portfolio at Greylock, Imperva recently went public, Palo Alto Networks and Service-Now have filed S-1’s, and Workday has publicly discussed its intention to file. Many companies in our enterprise portfolio are benefiting from strong winds at their backs (driven by new trends in cloud, mobile, big data, management, networking, security, storage), and are growing at a strong clip. Enterprise IT is in the midst of a huge shift, with the incumbent public vendors highly vulnerable to disruption in their future revenue streams and profit pools.
It’s a great time to be an enterprise entrepreneur. We are thrilled to welcome Dev, a world-class partner for entrepreneurs who want to build tomorrow’s leading companies.
“Dev is a passionate believer that great technology married with outstanding go-to-market separates truly great companies from the merely interesting ones. “