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Portfolio Companies

Fred Knoll, the principal and portfolio manager of Knoll Capital Management, has joined the board of AtheroNova Inc. Knoll Capital manages funds that invest in areas such as emerging growth companies, restructurings and China. AtheroNova is a biotechnology company focused on compounds to reduce or regress atherosclerotic plaque deposits and to improve lipid profiles in humans.

Barracuda Networks, a provider of security and data protection solutions, has appointed William Jenkins as president, chief executive officer and member of the board of directors. Jenkins, former president of EMC’s Backup Recovery Systems Division and a 16-year IT industry veteran, will lead the company’s strategy and growth as it moves towards IPO. In October, Barracuda Networks completed a financing and recapitalization in which Francisco Partners and Sequoia Capital increased their ownership in the company with a $130 million new investment.

Teen payments solutions company BillMyParents has appointed Brian Thompson to its board of directors. Thompson is a seasoned finance executive who has held senior level positions including the position of partner and chief financial officer at Edgewater Private Equity Funds from 1995 to 2000.

David Novak has been named president of private equity-backed Chemical Information Services. Dallas-based buyout shop glendonTodd Capital announced the new post for Novak. John Harris, former chief executive of Chemical Information Services, stepped down in October to return to his role as an operating partner at glendonTodd. Novak joined CIS in 2011 as vice president of marketing and strategy.

Sheridan Healthcare Inc., a company backed by Hellman & Friedman, has named John Carlyle as its chief executive. Carlyle previously served as founder and CEO of Accuro Healthcare Solutions; founder and CEO of Magella Healthcare; co-founder and CEO of Concentra; and chief financial officer of Medical Care International. Sheridan is a provider of hospital-based physician services including anesthesia, radiology, emergency medicine and neonatology.

Tonka Bay Equity Partners announced that principal Molly Simmons has been elected chairwoman of the board of the Small Business Investor Alliance. Simmons has served on the SBIA board for four years, and brings over twelve years of middle market private equity experience to this role.

Summit Partners’ portfolio company Solutionreach, a patient engagement business, has appointed the founder and former CEO of RightNow Technologies, Greg Gianforte, to its board of directors. Gianforte started RightNow in 1997 and grew it into a publicly traded software-as-a-service business with more than 1,100 employees and $225 million in annual revenue. In 2011, the company was sold to Oracle for more than $1.8 billion.