The venture capital affiliate of listed software major SAP has named Rami Branitzky as managing director to lead its global development team.
SAP Ventures, which has more than $1.4bn under management, targets investments in disruptive expansion-stage companies as well as early-stage venture capital funds.
Branitzky has close to 20 years of experience building and growing enterprise software companies, most recently as CEO of Grok Solutions.
SAP Ventures managing director Nino Marakovic said, “At SAP Ventures, we are committed to empowering startups with the resources and expertise they need to grow and scale.
“With the addition of Rami, a proven leader with an exceptional track record and an extensive network, SAP Ventures will be in a unique position to deliver tremendous value to our portfolio companies, as well as the broader SAP ecosystem.”
Prior to Grok Branitzky served as managing director at SAP Labs North America, where he was responsible for strategy and operations of SAP Labs across the region.
He was also previously senior vice president in charge of SAP Global Software Solution Partnerships.
SAP Ventures is an independent firm having spun out from SAP, but counts its parent company as its only limited partner.
Marakovic said the new fund will focus on information technology for enterprises.
Copyright © 2014 AltAssets