BALTIMORE & SAN DIEGO–(BUSINESS WIRE)–JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies, today announced the promotions of Larry Contrella to General Partner and Maggie Schmitt to Chief Financial Officer. Contrella will continue to source promising investment opportunities and provide strategic support to JMI’s portfolio companies, while Schmitt will expand her leadership of JMI’s finance and accounting functions. Concurrent with Schmitt’s promotion, Randy Guttman has become General Partner, Head of Operations, from his most recent title of General Partner & CFO. Contrella, Schmitt and Guttman are all based in Baltimore.
“With over a decade of investing experience at JMI, Larry has proven that he is a strong investor and an effective partner to founder-owners, CEOs and portfolio company management teams,” said Harry Gruner, Founder and Co-Managing General Partner of JMI. “We are proud of his many achievements – including being recognized for the past two years by GrowthCap as one of the Top 40 Under 40 Growth Investors – and we look forward to his continued contributions.”
“Larry and Maggie have played integral roles in our success and we’re pleased to recognize their ability to continuously go above and beyond for our portfolio companies and our investors,” added Paul Barber, Co-Managing General Partner of JMI. “Their promotions are a direct reflection of their hard work, exceptional leadership and enduring commitment to our investment and value-creation strategies.”
About Larry Contrella
Larry Contrella joined JMI in 2010 and most recently served as a Principal at the firm. His current investments include Benevity, Bloomerang, Higher Logic, RainFocus, and Raptor Technologies, while his past investment experience includes automotiveMastermind (acquired by IHS Markit), Axeda (acquired by PTC), CoreHR (acquired by The Access Group) and EMS Software (acquired by Accruent), among others. Prior to joining JMI, Contrella was an investment banking analyst in the multi-industries group at Merrill Lynch & Co. He received a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania.
About Maggie Schmitt
Maggie Schmitt joined JMI in 2009 and most recently served as a Principal, Finance at the firm. In this former role, she oversaw various responsibilities within JMI’s Finance team, including portfolio company reporting, limited partner reporting and treasury and tax functions. Prior to joining JMI, Schmitt was an auditor in the audit and enterprise risk services practice at Deloitte & Touche. She received a B.S. in Accounting and Information Systems from the Pamplin College of Business at Virginia Tech. Schmitt is a certified public accountant.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 150 businesses in its target markets, successfully completed over 100 exits and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information visit jmi.com.