Investors and Board of Directors
SevOne, Inc. is venture funded and backed by a group of private investors, each with long and successful backgrounds in business and technology.
In July 2007, Osage Venture Partners led a Series A Preferred investment in SevOne. Osage is a venture capital fund that invests in early stage enterprise software companies in the Mid-Atlantic region. Robert S. Adelson is Managing Partner of Philadelphia-based Osage Venture Partners and serves on SevOne's board of directors.
In January 2013, SevOne received $150 million investment from Bain Capital, one of the world’s leading private, alternative asset management firms, with approximately $65 billion in assets under management.
Board of Directors
SevOne is guided by an influential board of directors.
Robert S. Adelson
Bob founded Osage Partners in 1990 and has built a track record as a top-performing venture investor. He is a native of Tulsa, Oklahoma, where he is a partner in a fourth generation family business. Prior to founding Osage, Bob clerked with the honorable Walter K. Stapleton, U.S. Third Circuit Court of Appeals, and practiced corporate law at the Philadelphia law firm of Wolf, Block, Schorr & Solis-Cohen. He is a graduate of The Yale Law School, where he was an editor of The Yale Law Journal, and of Yale College, from which he graduated summa cum laude.
At Osage Partners, Bob is a Managing Partner of Osage University Partners, which invests in university spin-outs in collaboration with more than 45 national research universities, and of Osage Venture Partners, which invests in early stage enterprise software companies in the Mid-Atlantic region. Bob currently serves on the boards of a number of private companies, including SevOne and Halfpenny Technologies.
Bob is a trustee of Thomas Jefferson University Hospital, Thomas Jefferson University, and Jefferson Health System. He is also a member of the Advisory Council of the Yale Entrepreneurial Institute, a past member of The Yale Law School Fund and a former President of the Board of Trustees of The Philadelphia School.
Jack Sweeney joined SevOne as CEO in July 2013. Prior to SevOne, Mr. Sweeney served as a Managing Director for Bain Capital Ventures. His career includes a variety of leadership roles at fast-growth technology companies. He has served at the helm of six companies as CEO, creating more than $1.3 billion in value. He has also provided strategic guidance to numerous companies that address the next generation of technology, including infrastructure software, data security and networking.
Mr. Sweeney is a technology entrepreneur and investor with over 20 years of experience managing capital investments and operations in the information technology market. He has served in executive roles at Axeda, AppNeta (formerly Apparent Networks, Inc.), EMC, Stargus, and EPiCON Inc. Prior to joining EPiCON, he served as Chief Executive Officer of Bell Atlantic Network Integration (BANI), where he grew BANI from being a Regional Network Services division into a $200 million organization with national presence and global potential.
Mr. Sweeney holds a B.S. Degree in Management from Bridgewater State College and Graduated from the Stanford University Executive Program.
As one of the co-founders of SevOne, Vess Bakalov serves as Chief Technology Officer and is responsible for leading the company’s product development and design, and overall vision of the technology architecture.
Prior to SevOne, Mr. Bakalov served in a number of senior technical positions at BankOne, including Assistant Vice President and Network Architect. He also led the network management team for the Credit Card Services division of the company, which was the largest issuer of VISA credit cards in the U.S. During his time at BankOne, Mr. Bakalov also taught undergraduate and graduate courses as an Adjunct Professor of Computer Science at the University of Delaware.
Mr. Bakalov began his career as a technical advisor for a fast-growing CLEC. There, he led the design and engineering effort behind that company's first DSL deployment. He was also in charge of architecting and developing the network management and instrumentation strategy for the firm.
Ben is Managing Director, Boston, Bain Capital Ventures, which he joined in 2004 and leads the Software and Infrastructure Group. Prior to joining Bain Capital Ventures, he was a SVP at Veritas Software. Prior to Veritas, he was COO and CFO of Precise Software Solutions, where he helped build Precise from a $10MM revenue private company to a $100MM revenue public company prior to its sale to Veritas for $600MM. Earlier in his career Ben was principal investor at Allied Capital, where he focused on business services, industrial, and health care sectors. Ben also worked in the U.S. Treasury Department for Treasury Secretaries Lloyd Bentsen and Robert Rubin, and as a consultant for Mercer Management Consulting. He attended Harvard College and Harvard Business School, where he graduated with honors.
Ben is a Partner with Bain Capital Ventures, which he joined in 2007. He co-leads the software practice, focusing on investments in software, technology and technology-enabled businesses. Prior to Bain Capital, Ben was Vice President of Sales Operations for Iron Mountain, a world leader in information management services. In this role, Ben was responsible for sales strategy, compensation, and sales-oriented CRM and business intelligence systems. Prior to Iron Mountain, Ben was a venture investor with Fidelity Ventures, where he focused on software and technology-enabled businesses. Earlier in his career, Ben was a consultant at McKinsey and Company in a variety of industries and worked in Corporate Strategy at Microsoft where he focused on software intellectual property. Ben received his Bachelor of Science in Engineering (magna cum laude) in Biomedical and Electrical Engineering from Duke University and his Master of Business Administration from the MIT Sloan School of Management.