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Investor profile:
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Douglas McCormick

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Mr. James Ashton serves as General Partner at NewSpring Capital. He also serves as Board Member at Magna5, Wealthcare Capital Management, Ultimus Fund Solutions, E3/Sentinel, Archer IMS, USPack Logistics and AG Delta of Singapore. He also serves as Advisor at Safeguard Scientifics. Previously, he was a Division CEO for SunGard's Financial Systems division, a $2.5 billion business with 13,000 employees worldwide. He served as Board Member at Lumesis. During his tenure, the division grew top line 40%, from $2.0 billion to $2.8 billion and EBITDA 43%, from $400 million to $700 million. While at SunGard, he also led software and service businesses and in the areas of Wealth Management, Insurance, Corporate Treasury, Trading, Risk Management, Brokerage and Consulting Services. He also sponsored and integrated approximately 40 key acquisitions and played a key role in SunGard's 2005 $11.5 billion leveraged buyouts with a consortium of private equity firms including TPG, SilverLake, KKR and Bain. Prior to SunGard, he held senior management positions at Premier Solutions Inc., a Safeguard Scientifics technology company that was acquired by SunGard in 1997. He began his career at EDS in Dallas where he held various technical, sales, and managerial positions during a span of 10 years.
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