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PSG General

Press Release

Bill Aliber and Brian Shin Join Providence Strategic Growth as Managing Directors

Bill Aliber and Brian Shin Join Providence Strategic Growth as Managing Directors

Providence, R.I. – Providence Strategic Growth Capital Partners L.L.C. (“PSG”), an affiliate of Providence Equity Partners L.L.C., a premier global asset management firm with approximately $60 billion in assets under management, today announced that Bill Aliber and Brian Shin have joined the firm as managing directors.

“Bill and Brian’s considerable experience with software and technology-enabled service companies make them an ideal fit for PSG,” said Mark Hastings, Chief Executive Officer of PSG. “With his strong financial acumen and track record of driving significant revenue growth through organic and inorganic strategies, we expect Bill will provide valuable insights to enhance our portfolio companies’ financial activities. As a founder, CEO, advisor and investor in numerous technology companies over the past two decades, Brian has proven to be adept at identifying and building businesses that are disrupting traditional industries. He will be a great asset to PSG as we continue to work with founders and entrepreneurs to rapidly build scale and value through our platform ‘buy and build’ strategy.”

“I am delighted to welcome Bill and Brian to the growing PSG team,” said Peter Wilde, Chairman of PSG. “Having witnessed Bill’s capabilities firsthand at Ascend Learning for nearly a decade, I am confident he will add tremendous value at PSG’s portfolio companies. Brian is a talented investor with proven operational and leadership expertise that will help us capitalize on opportunities in our target markets. We look forward to Brian and Bill’s contributions as we continue support the growth of our portfolio companies and pursue new investment opportunities.”

About Bill Aliber

Mr. Aliber has over 20 years of experience as a CFO. Prior to joining Providence in 2018, Mr. Aliber was the CFO of Ascend Learning, a leading provider of educational content, software and analytics. Ascend Learning was a Providence Equity Partners portfolio company for ten years, and Mr. Aliber was the CFO for nearly nine of those years, during which time revenue increased from less than $200 million to over $450 million and the company completed numerous acquisitions. Prior to Ascend Learning, Mr. Aliber was the CFO of Hallmark Card’s various entertainment-related businesses.

Mr. Aliber received a Master of Business Administration from the University of Chicago and a Bachelor of Arts from Brown University.

About Brian Shin

Mr. Shin has 20 years of experience building high-growth technology companies. For more than a decade, he has been an angel investor or early shareholder in over 40 technology startup companies including HubSpot, Drift, Vesper, Misfit, Kayak, Sirtris Pharma, Frequency Therapeutics and Atrium. Most recently, Mr. Shin was a Partner with In-Q-Tel, a strategic investment firm supporting the missions of the United States Intelligence Community, where he led investments in areas including advanced analytics, AI hardware and integrated devices. Prior to In-Q-Tel, Mr. Shin was the Founder and CEO of Visible Measures, a venture-backed video analytics company that was acquired in 2017, as well as the Founder and Chairman of Mustbin, a venture-backed mobile security company that was also acquired in 2017.

Mr. Shin received a Masters of Business Administration from the MIT Sloan School of Management and a Bachelor of Arts from Tufts University.

About Providence Strategic Growth Capital Partners L.L.C.

Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit www.psgequity.com, and for more information on Providence, please visit www.provequity.com.