Doug Bergeron is a Senior Advisor to GTCR, a leading private equity firm based in Chicago.
Doug Bergeron | |
|---|---|
 | |
| Born | Douglas George Bergeron December 5, 1960 |
| Nationality | Canadian, American, |
| Alma mater | York University University of Southern California |
| Website | www |
Bergeron is also the founder and sole shareholder of DGB Investments, a diversified holding company of technology investments.
Bergeron serves as Chairman of the Board of Cantaloupe, Inc. (Nasdaq: CTLP). He also serves as a member of the Board of Directors of Metateq and Zact.
In 2001, Bergeron led the acquisition of VeriFone from Hewlett-Packard and became its chairman and CEO. In 2002, Bergeron partnered with GTCR and embarked upon a strategy to aggressively grow VeriFone into a multinational company. As of May 2012, VeriFone’s enterprise value was approximately $5 billion, a 100 times increase.[1][2] Bergeron is a member of the Board of Overseers of the Hoover Institute at Stanford University and is a permanent member of the Council on Foreign Relations.
Education
editBergeron attended York University, in Toronto, Canada, graduating in 1983 with a Bachelor of Arts with Special Honors in Computer Science.
Upon graduation, Bergeron was employed by Northern Telecom (later called Nortel Networks) in Ottawa, Ontario. In 1985, he was awarded the Northern Telecom Post Graduate Scholarship and enrolled at the University of Southern California in Los Angeles, graduating in 1987 with a Master of Science degree.
Bergeron was awarded an Honorary Doctorate of Laws (LLD) by York University’s Lassonde School of Engineering in June, 2013. The award marked the 30th anniversary of Bergeron’s graduation from York. At this occasion, Bergeron delivered the commencement address to the York University, Lassonde School of Engineering graduating class of 2013.[3]
VeriFone
editIn 2001, in partnership with Gores Technology Group (now, The Gores Group), Bergeron led the acquisition of VeriFone from Hewlett-Packard in a transaction valued at $50 million. Hewlett-Packard had acquired the business in 1998 for $1.3 billion. Upon completion of the VeriFone acquisition, Bergeron was named Chairman and CEO.[4]
In 2002, Gores sold VeriFone to Bergeron and GTCR, a Chicago-based private equity firm in a transaction valued at $160 million. Bergeron and GTCR embarked upon a strategy to aggressively grow VeriFone into a multinational company.[5] Bergeron resigned as CEO of VeriFone in March, 2013, following 12 years at the helm. VeriFone’s enterprise value as of May, 2012 was approximately $5 billion. The Bergeron/GTCR acquisition of VeriFone is widely considered to be one of the most successful private equity investments of the decade.[6][2]
In 2007, Bergeron was an award recipient and national finalist for the EY Entrepreneur of the Year Award.[7]
SunGard
editFrom 1990 through 1999, Bergeron served in a number of executive management positions at SunGard Data Systems, including Managing Director of SunGard Capital Markets N.A., President of SunGard Futures Systems, and Group CEO of SunGard Brokerage Systems Group.[8]
Philanthropy
editBergeron is an active philanthropist.[9]
In 2014, York University in Toronto, one of Canada’s largest universities, announced that Bergeron had made a $10 million gift, the largest gift ever to York by an alumni, to build the Bergeron Centre for Engineering Excellence. [10]
In 2022, The University of Utah Hospital announced that Bergeron had made a $1 million gift to the University of Utah Pediatric Clinic for purchases of new technology.
In 2006, Bergeron announced a $1 million gift towards the Bergeron Women in Technology Scholarship Program at Georgia State University in Atlanta, Georgia. Each year, five undergraduate female students are selected for their high academic and leadership potential. Each woman is awarded a full year of tuition and is paired with a C-level female technology leader for mentorship.[11]
In 2015, Bergeron announced the Bergeron Scholarship Program had been expanded to Cristo Rey High School, an inner-city school in San Jose, California, through a $500,000 gift.
In 2012, Georgetown University announced that Bergeron had made a $1.25 million gift in order to endow the George Bergeron Professorship of Neuroscience at Georgetown University Medical.[12]
In 2012, York University announced a $2 million gift to fund the Bergeron Entrepreneurs in Science and Technology (BEST) Program. This new inter-disciplinary program unites courses around business plan formation and venture capital finance into the science and engineering programs.
In 2011, Bergeron committed $2 million to Multiple Sclerosis Canada, in a gift dedicated to advanced research and towards community service for MS patients in the Windsor/Essex Canada chapter. Bergeron’s father, George Bergeron (1936-1999) suffered from MS and is the former chairman of the Windsor/Essex Canada chapter. In 2005, the City of Windsor opened the George Bergeron Healing Garden on the riverfront of the Detroit river, featuring a bronze statue of George Bergeron in honor of his contribution to the City.[13]
In 2011, Sacred Heart Schools in Atherton, California announced that Bergeron had made a $2 million gift in order to open the new Bergeron Lower School at the SHS campus.[14]
In 2011, the Bergeron Women in Technology Program was expanded to the University of California at Berkeley as a result of a further $1 million gift to the university. Each year, five female undergraduate students are selected and each woman is awarded a two-year scholarship and is matched with a C-level female technology leader in Silicon Valley.
Personal life
editBergeron was born in Windsor, Ontario, Canada, in 1960, and is the oldest of George and Eleanor Bergeron's four children.
Bergeron is a permanent member of the Council on Foreign Relations, a five-time invited delegate to the World Economic Forum in Davos, Switzerland, and has been a frequent guest on CNBC and Fox Business.[15]
References
edit- ^ Gores Group. "Gores Group, Private Tech Co. Buying Verifone Press Release 9/21/2013".
- ^ a b Yahoo! Finance. "VeriFone Systems, Inc. (PAY)".
- ^ Sean Billingsley. "Douglas Bergeron receives his Honorary Doctorate, on June 10th 2013, from York University. Douglas Bergeron is introduced by Dean Janusz Kozinski, Lassonde School of Engineering, 6/10/2013". YouTube.
- ^ Countdown 2012, BY SEAN SPOSITO DEC 22, 2011. "Verifone's Rise to Point of Sale Supremacy". Archived from the original on October 23, 2013. Retrieved October 22, 2013.
{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) - ^ The Green Sheet :: GS Archives. "GTCR Recapitalizes VeriFone".
- ^ VeriFone Systems. "A video tribute to an extraordinary 10 years of a 30-year history, 4/18/2011".
- ^ "Verifone CEO Douglas Bergeron Wins Ernst & Young 2007 Entrepreneur of the Year Award." Verifone CEO Douglas Bergeron Wins Ernst & Young 2007 Entrepreneur of the Year Award. N.p., 2 July 2007. Web. 10 Apr. 2015.
- ^ Forbes. "Forbes Doug Bergeron at a glance". Archived from the original on June 23, 2013.
- ^ Sean Billingsley. "Doug Bergeron Philanthropy, Tribute Video". YouTube.
- ^ cis.robinson.gsu.edu. "Bergeron Women in Technology Leadership Fund".
- ^ cis.robinson.gsu.edu. "Bergeron Women in Technology Leadership Fund".
- ^ in.reuters.com (May 21, 2012). "Douglas Bergeron Fund Endowment at Georgetown University Medical Center". Reuters. Archived from the original on October 23, 2013.
{{cite news}}:|author=has generic name (help) - ^ giving.georgetown.edu. "BERGERON PROFESSORSHIP PROVIDES SUPPORT FOR CENTER FOR BRAIN PLASTICITY AND RECOVERY". Archived from the original on October 23, 2013. Retrieved October 22, 2013.
- ^ shschools.org. "SHSchool Annual Report 2010" (PDF). Archived from the original (PDF) on April 8, 2013. Retrieved October 22, 2013.
- ^ Fox News. "Doug Bergeron, Opus Global Holdings on Fox Business".