Douglas G. Bergeron

Last updated

Doug Bergeron
Doug Bergeron Wide.jpg
Born
Douglas George Bergeron

(1960-12-05) December 5, 1960 (age 62)
Windsor, Ontario, Canada
Nationality Canadian, American,
Alma mater York University
University of Southern California
Website www.gtcr.com

Doug Bergeron is a Senior Advisor to GTCR, a leading private equity firm based in Chicago.

Contents

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

Bergeron 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

In 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

From 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

Bergeron 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

Bergeron 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]

Related Research Articles

<span class="mw-page-title-main">Bill Hewlett</span> American engineer

William Redington Hewlett was an American engineer and the co-founder, with David Packard, of the Hewlett-Packard Company (HP).

<span class="mw-page-title-main">David Packard</span> American electrical engineer

David Packard was an American electrical engineer and co-founder, with Bill Hewlett, of Hewlett-Packard (1939), serving as president (1947–64), CEO (1964–68), and chairman of the board of HP. He served as U.S. Deputy Secretary of Defense from 1969 to 1971 during the Nixon administration. Packard served as president of the Uniformed Services University of the Health Sciences (USU) from 1976 to 1981 and chairman of its board of regents from 1973 to 1982. He was a member of the Trilateral Commission. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.

<span class="mw-page-title-main">Mark Hurd</span> American businessman (1957–2019)

Mark Vincent Hurd was an American technology executive who served as Co-CEO and as a member of the board of directors of Oracle Corporation. He had previously served as chairman, chief executive officer, and president of Hewlett-Packard, before resigning in 2010. He was also on the board of directors of Globality and was a member of the Technology CEO Council and board of directors of News Corporation until 2010.

Seymour Schulich, OC is a Canadian businessman, investor, author, and philanthropist.

Verifone is an American multinational corporation headquartered in Coral Springs, Florida. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale. Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The company's products consist of POS electronic payment devices that run its own operating systems, security and encryption software, and certified payment software, and that are designed for both consumer-facing and unattended environments.

First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States. The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.

Robert P. Wayman was the former chief financial officer (CFO) of the Hewlett-Packard Company from 1984 to 2006. He served as the company's interim CEO in 2005, and was an executive vice president, as well as a member of the H-P board of directors. He died on July 22, 2022.

<span class="mw-page-title-main">Léo Apotheker</span> German business executive

Léo Apotheker is a German business executive. He served briefly as the chief executive officer of Hewlett-Packard from November 2010 until his dismissal in September 2011. He also served as co-chief executive officer of SAP from April 2008 until he resigned in February 2010 following a decision by that company not to renew his contract.

Mphasis Limited is an Indian multinational information technology services and consulting company based in Bengaluru. The company provides infrastructure technology and applications outsourcing services, as well as architecture guidance, application development and integration, and application management services. It serves financial services, telecom, logistics, and technology industries. Mphasis was ranked #7 in India IT companies and overall #189 by Fortune India 500 in 2019. In April 2016, Hewlett Packard Enterprise sold the majority of its stake in Mphasis to Blackstone Group LP for around US$1 billion.

<span class="mw-page-title-main">Hewlett-Packard</span> American information technology company (1939–2015)

The original incarnation of the Hewlett-Packard Company, commonly shortened to Hewlett-Packard or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'".

<span class="mw-page-title-main">Silicon Graphics International</span> Former computer hardware and software company

Silicon Graphics International Corp. was an American manufacturer of computer hardware and software, including high-performance computing systems, x86-based servers for datacenter deployment, and visualization products. The company was founded as Rackable Systems in 1999, but adopted the "SGI" name in 2009 after acquiring Silicon Graphics Inc. out of bankruptcy.

The Computer Entrepreneur Award was created in 1982 by the IEEE Computer Society, for individuals with major technical or entrepreneurial contributions to the computer industry. The work must be public, and the award is not given until fifteen years after the developments. The physical award is a chalice from sterling silver and under the cup a gold-plated crown.

The Gores Group is a private equity firm specializing in acquiring and partnering with mature and growing businesses. The company was founded in 1987 by its CEO and chairman, Alec E. Gores.

<span class="mw-page-title-main">Lassonde School of Engineering</span> Engineering school of York University in Toronto, Ontario, Canada

The Lassonde School of Engineering is the professional engineering school of York University in Toronto, Ontario, Canada. Lassonde incorporates crossover programming with York University’s Schulich School of Business and Osgoode Hall Law School to study and business and law, respectively, alongside the engineering program.

Edward McCracken is an American businessman who was CEO of Silicon Graphics (SGI) from 1984 to 1997. Under his leadership, SGI grew from annual revenues of $5.4 million to $3.7 billion. Prior to leading Silicon Graphics, he spent 16 years as an executive with Hewlett-Packard.

<span class="mw-page-title-main">Hewlett Packard Enterprise</span> American information technology company

The Hewlett Packard Enterprise Company (HPE) is an American multinational information technology company based in Spring, Texas, United States.

<span class="mw-page-title-main">Pierre Lassonde</span> Canadian businessman and philanthropist

Pierre Lassonde is a Canadian businessman and philanthropist.

C. Lloyd Mahaffey is an American computer executive, who led the Apple Education division, and then Apple's Federal Systems Group in Washington, D.C., which concentrated on the U.S. Department of Defense, civilian and intelligence agencies.

<span class="mw-page-title-main">Antonio Neri (businessman)</span> HPE CEO

Antonio Neri is an Argentinian-Italian-American businessman who currently serves as president and chief executive officer (CEO) of Hewlett Packard Enterprise (HPE). Born in Argentina, he studied engineering at National Technological University and started working for Hewlett-Packard in 1995. Neri joined HPE's board of directors upon his promotion to the president and CEO position in 2018.

References

  1. ↑ Gores Group. "Gores Group, Private Tech Co. Buying Verifone Press Release 9/21/2013".
  2. 1 2 Yahoo! Finance. "VeriFone Systems, Inc. (PAY)".
  3. ↑ 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 .
  4. ↑ 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)
  5. ↑ The Green Sheet :: GS Archives. "GTCR Recapitalizes VeriFone".
  6. ↑ VeriFone Systems. "A video tribute to an extraordinary 10 years of a 30-year history, 4/18/2011".
  7. ↑ "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.
  8. ↑ Forbes. "Forbes Doug Bergeron at a glance". Archived from the original on June 23, 2013.
  9. ↑ Sean Billingsley. "Doug Bergeron Philanthropy, Tribute Video". YouTube .
  10. ↑ cis.robinson.gsu.edu. "Bergeron Women in Technology Leadership Fund".
  11. ↑ cis.robinson.gsu.edu. "Bergeron Women in Technology Leadership Fund".
  12. ↑ 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)
  13. ↑ 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.
  14. ↑ shschools.org. "SHSchool Annual Report 2010" (PDF). Archived from the original (PDF) on April 8, 2013. Retrieved October 22, 2013.
  15. ↑ Fox News. "Doug Bergeron, Opus Global Holdings on Fox Business".
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.