Tuesday, June 9, 2009

Greg Butterfield, Managing Partner of SageCreek Partners, Named to Utah Technology Council 2009 Hall of Fame

In a move that underscores tremendous progress since its 2008 inception, SageCreek Partners, a consulting company that provides “mentor capital” for technology businesses, today announced that the company’s Managing Partner, Greg Butterfield, has been selected as an inductee into the 2009 Utah Technology Council (UTC) Hall of Fame. Together with Peter D. Meldrum and Mark H. Skolnick, the co-founders of Myriad Genetics, Greg Butterfield will be honored at the 11th annual Hall of Fame black-tie gala on Friday, October 23, 2009, at the Grand Ballroom of the Grand America Hotel, Salt Lake City.

“Greg’s straightforward, no-nonsense leadership style was a pleasure to deal with both before and after the acquisition was completed,” said John Thompson, Chairman of the Board of Symantec who initiated and completed the Altiris acquisition in 2007. “He became a trusted member of our leadership team and executed the integration plan flawlessly. I’ve often said we should only consider acquisitions where the leadership team demonstrates similar leadership qualities and behaviors as Greg did.”

The Hall of Fame event honors individuals with Utah ties who have made key contributions to the information technology and life science industries through new technology, innovation and leadership. These contributions have resulted in job growth, commercialization of technology and increased growth and development of the nation’s technology sector and economy.

This recognition is the most recent in a long list of honors that Greg Butterfield has received. In 2006, Greg was invited to the World Economic Forum as a Technology Pioneer. He was winner of the 2002 Ernst and Young Entrepreneur of the Year award. Greg served as Chairman of the Board of the Utah Technology Council (which was then UITA) from 2003 to 2005.

In late 2008, Greg joined with his current partners to create SageCreek Partners, a consulting company that provides mentoring, strategy and coaching to companies in the U.S., EMEA and Latin America to help new and growing technology companies drive critical business results.

“I’ve had the chance to get very close to more than 100 companies over the course of my venture career,” said Michael Levinthal of Levinthal Capital and former partner in the Mayfield Fund. “One of those companies was Altiris. Greg Butterfield’s leadership as CEO and team builder produced extraordinary results for that company. Of all the leaders I’ve had the chance to be involved with, I would place him at the top of the class. For Greg and his SageCreek team—including capabilities in sales, finance, deal structuring, product management and engineering—the chance to make these resources available to additional companies in Utah as well as nationally and even globally is incredibly valuable. It’s a missing piece of what we need to allow the next generation or two of technology companies to accomplish the kind of fabulous success and growth Altiris achieved.”

Prior to founding SageCreek Greg was the Group President of the Altiris and Server and Storage business units for Symantec. Butterfield joined Symantec through the company's acquisition of Altiris in April 2007. At Altiris, he served as chairman of the board, president and CEO. After joining Altiris in February 2000, he guided the company to eight consecutive years of revenue growth and profitability overseeing growth in revenue from $3M to over $250M in seven years, and continued growth within Symantec. Butterfield was the driving force behind eleven acquisitions and he successfully completed an IPO in 2002 in the face of a notable economic downturn. The IPO was followed in August of 2003 with a successful secondary offering.

Mark Sunday, Senior Vice President and CIO of Oracle, said, “It’s a rare occasion when you get to know an individual with such intellect, leadership, drive, charisma and compassion that they set a higher standard both personally and professionally that inspires not only me but everyone around them to be a better version of themselves. Greg is certainly such a man.”

Prior to joining Altiris, he served as executive vice president of worldwide sales at Vinca Corporation where he increased revenue from $1.7 million to $24 million in less than three years and positioned the company to be sold to Legato Systems for $92 million in 1999. He also held executive level positions at Legato, Novell and WordPerfect Corporation. Butterfield received a bachelor's of science in business administration, finance from Brigham Young University.

For more information about SageCreek Partners, please visit www.sagecreekpartners.com. You can also find SageCreek Partners on Twitter at http://twitter.com/SageCreekPartnr.

About SageCreek Partners

SageCreek Partners is creating and driving a new category of service: Mentor Capital. Working as a companion to technology companies and their investment partners and boards, SageCreek Partners is comprised of seasoned executives in the U.S., EMEA and Latin America: Greg Butterfield, Dwain Kinghorn, Steve Erickson, Tracy Tolbert, Mark Bonham, Volker Wiora, Srinivasa "Venky" Venkataraman and Russ Warner, who have led multiple technology companies from launch to industry leadership to successful exit. Instead of money, SageCreek provides the strategic guidance, the mentoring, and the direct connections (to funding, key hires and merger and acquisition partners) to help emerging and growth companies succeed. For the price of a single executive hire, SageCreek Partners becomes the collective strategy resource for a company’s entire executive team. SageCreek has a proven track record in helping start-up and growth companies succeed.

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