Wednesday, May 14, 2008
Digital Insight's Stiefler Joins Venture Firm
Jeffrey Stiefler, who was most recently chairman and CEO of Calabasas-based Digital Insight, has joined a Silicon Valley venture capital firm as a venture partner. According to San Mateo-based Emergence Capital Partners, Stiefler has joined the firm to help it expand its team and network. Stiefler was head of Digital Insight when it was sold to Intuit last year for $1.4 billion. A spokesperson for Emergence Capital Partners told socalTECH that the Stiefler will remain in Southern California, where the firm currently has 3 investments. Stiefler has also previously served as President of American Express, and CEO of IDS Financial Services. Emergence Capital Partners invests in software-as-a-service firms, and was an early investor in Salesforce.com, HireRight, aQuantive, DoubleClick, and others; the firm managed over $325M in assets. Stiefler served as chairman, President, and CEO of Digital Insight from August 2003 through its acquisition in February of 2007. More information »