Walter Turek has served as the Executive Chairman of Ascentis Corporation since 2011. Mr. Turek also currently serves on the Earthlink (NASDAQ: ELNK) Board of Directors as a Director and Member of the Compensation Committee since 2015. He also currently serves on the Spark Networks (NYSE MKT: LOV) Board of Directors as a Director and Member of the Audit and Compensation Committee since 2013. From 2005 until its sale to Vista Equity Partners in 2013, Mr. Turek served on the Board of Directors, including as Chairman of the Nominations and Governance Committee and a Member of the Audit and Compensation Committee of Greenway Medical Technologies (formerly NYSE: GWAY), a provider of information solutions to improve the financial performance of healthcare providers. From 2009 until its sale in February 2012 to Juniper Networks, he served as Co-Founder and Director of Mykonos Software, a provider of security solutions for websites and web applications against hackers, fraud and theft. Until June 2009, Mr. Turek served as an Officer and Senior Vice President of Sales and Marketing for Paychex, Inc. (NASDAQ: PAYX), where he oversaw a sales force of more than 2,000 people as well as the company’s marketing and international efforts. During the course of his 25 year tenure with Paychex, revenues grew from $10 million to $2 billion, and the company’s market cap expanded to $13 billion. In addition, Mr. Turek also served as Corporate Director of Stromberg, a wholly owned subsidiary and a provider of time and attendance solutions. Mr. Turek’s substantial executive experience and knowledge of the software industry uniquely qualifies him to accelerate the product growth and market-share of Ascentis as a leading provider of comprehensive HCM software and services in the mid-market.
Susan Bihler is vice president at Catalyst Investors, a growth equity firm focused on investing in tech-enabled services. At Catalyst, Ms. Bihler focuses on sourcing, evaluating and structuring new investment opportunities and managing the firm’s existing portfolio companies. In addition to Ascentis, she serves on the board of Catalyst portfolio companies Alert Solutions and Reputation Institute and is an observer on the board of Clinicient. Prior to joining Catalyst in 2009, Ms. Bihler was an Analyst at CIT Group where she was responsible for performing due diligence and credit analysis for various senior secured debt transactions within CIT’s Communications, Media & Entertainment Group. Ms. Bihler received a B.S. degree in Business Administration, cum laude, from Georgetown University.
Glenn Marschel most recently was the chief executive officer of NetNumber. Prior to joining NetNumber, Mr. Marschel was the CEO, president, and co-chairman of Faroudja, Inc., a public video processing technology company. He was formerly president and CEO of Paging Network Inc., a provider of wireless messaging services with 10 million subscribers. Mr. Marschel also served as vice chairman of First Financial Management Corporation, a leading worldwide provider of credit card transaction processing, healthcare claims processing and document management/imaging services with revenues exceeding $3 billion. He joined Automated Data Processing (ADP) in 1972, a $10 billion company in the information processing industry. Mr. Marschel was employed by ADP from 1972 – 1994, and served as president of several of ADP’s largest businesses, including the Automotive and Employer Services divisions, after holding other senior positions in sales, client services, strategy, and marketing. Mr. Marschel received a BS degree from the University of Missouri, and attended the Stanford University executive development program.
Joseph J. Melone is the former president and CEO of Equitable Companies, (now part of the AXA Group) and chairman and CEO of its principal insurance subsidiary, The Equitable Life Assurance Society of the United States. Mr. Melone joined The Equitable Life Assurance Society of the United States in 1990 as president and COO. Prior to that, he had been president of The Prudential Insurance Company of America. Upon the formation of The Equitable Companies in 1992, Mr. Melone was elected president and chief operating officer. Also in 1992, he was named CEO of Equitable Life, and two years later he was elected chairman. In 1996, Mr. Melone was named CEO of The Equitable Companies. Mr. Melone served as a director of both The Equitable Companies Incorporated and Equitable Life as well as the subsidiaries Donaldson, Lufkin & Jenrette, Inc., and Alliance Capital Management Corp. Mr. Melone is a former member of the board of overseers at The Wharton School and of the Huebner Foundation Board. He also served as chairman of the board of trustees of The American College, chairman of the Health Insurance Association of America, chairman of the board of the Life Insurance Council of New York (LICONY) and as a director of the American Council of Life Insurance (ACLI). Mr. Melone received his bachelor’s, master’s and doctoral degrees from the University of Pennsylvania. He is a chartered life underwriter (CLU) and chartered financial consultant (ChFC) from The American College, as well as chartered property and casualty underwriter (CPCU) from the American Institute of Chartered Property and Liability Underwriters.
Tyler Newton serves as chairman of the Ascentis Compensation Committee. He is a partner and research director at Catalyst Investors, a growth equity firm focused on investing in tech-enabled services. He is responsible for sourcing and executing transactions in the software-as-a-service, Internet infrastructure, education technology and business services sectors. In addition to Ascentis, Mr. Newton serves on the boards of Catalyst portfolio companies Alert Solutions, Codero (as Chairman), and Mindbody and Reputation Institute. He previously served on the boards of Catalyst Repository Systems, Nine Systems, Oneida Broadband and TCP Communications. Mr. Newton also leads Catalyst’s research and deal flow efforts and is responsible for evaluating industry sectors, formulating sector investment strategies, and generating deal flow in target sectors. Prior to joining Catalyst in 2000, Mr. Newton was a vice president in TD’s Media, Telecom & Technology Group. Mr. Newton received a BA degree with honors from Middlebury College and is a CFA charter holder.
Bradley Palmer is managing partner of Palm Ventures which he founded in 1992. Palm Ventures has made more than 50 private investments ranging across the spectrum including start-ups, growth capital, turnarounds and real estate. In addition, an affiliate, Palm Global Small Cap Fund, invests in small and micro-cap public companies globally. Previously, Mr. Palmer was a senior associate with James D. Wolfensohn, Inc., a strategic advisory firm where he worked for Paul Volcker, Jim Wolfensohn and other partners on numerous transactions for an extensive client base of multinational corporations. Before Wolfensohn, Mr. Palmer was a vice president in the acquisition finance division of Manufacturers Hanover Trust Company where he financed numerous management-led buyouts. He currently serves, or has previously served, on the boards of numerous private companies and as well as charitable organizations including Save the Children, Education Development Center, the Kelley School of Business, the Millennium Development Goals Health Alliance, the Maritime Aquarium and Computers for Youth. Mr. Palmer received a B.S. degree from Indiana University and an MBA degree from The Wharton School of the University of Pennsylvania.
Christopher Shipman is a partner and co-founder of Catalyst Investors, a NYC-based growth private equity firm focused on investments in tech-enabled services companies. Prior to joining Catalyst, Mr. Shipman was a vice president and director at TD Capital from 1995 – 2000, where he was responsible for the sourcing, negotiation and structuring of direct private equity investments. From 1991 – 1994, he was a relationship manager in Toronto Dominion Bank’s Media, Telecom & Technology Group. Prior to joining TD, Mr. Shipman was an economist at Bankers Trust Company. Mr. Shipman received an MA and a BA from Boston University, and an MBA from the Anderson School of Management at UCLA.
Jason Woody is chairman of the Ascentis Audit and Finance Committee. He is managing director at Palm Ventures and focuses on investments in the education, business services and material handling sectors. Prior to joining Palm Ventures, Mr. Woody was an associate with Dubilier & Company, a private investment firm focused on the middle-market, and an analyst in the acquisition finance group at Chase Securities, Inc. Mr. Woody serves on the boards of several private companies. Mr. Woody received a B.S. degree from Cornell University and an MBA degree, summa cum laude, from Babson College.
DJ Chhabra joined Ascentis in 2011 as the Chief Executive Officer. Prior to Ascentis, Mr. Chhabra was President of Enwisen, a software-as-a-service provider of HR communication solutions. During his tenure, Enwisen experienced significant growth and was successfully acquired by Lawson Software in January of 2011. Prior to Enwisen, Mr. Chhabra was Vice President of global HCM product strategy and HR development for Oracle Corporation and was responsible for the Oracle and PeopleSoft HCM platform. Mr. Chhabra brings more than 23 years of experience in the human capital management industry including client organizations such as Cisco Systems, Synoptics, Seagate Technology and Micron Technology. Mr. Chhabra holds a bachelor’s degree in information technology from Boise State University. He resides in the San Francisco Bay Area with his wife and two children.