Accenture has appointed veteran Silicon Valley entrepreneur Tom Lounibos to lead Accenture Ventures as its new Managing Director.
Lounibos joins Accenture Ventures following a decades-long career as a highly successful technology entrepreneur and founder of six different software startups. He took two of those companies public (Knowledgeware and Sagent Technology) and sold the other four to larger software companies. Accenture Ventures was an investor in his most recent company, SOASTA, which was later acquired by Akamai.
“Tom’s proven track record as an entrepreneur and his wealth of venture capital expertise makes him the ideal person to help us take Accenture Ventures to the next level,” said Paul Daugherty, group chief executive - Technology and chief technology officer at Accenture. “His vast network of contacts in the global VC community, and ability to connect with and earn the trust of startup founders, will be invaluable as we grow Accenture Ventures and extend our innovation at Accenture and for our clients.”
An expert in cloud application development and an advocate of quality online user experiences, Lounibos has four decades of experience serving in executive roles at early-stage software companies and often consults with the CEOs of innovative application software and mobile startups. His sought-after expertise earned him board positions at several Silicon Valley companies and a position as entrepreneur-in-residence at Crosspoint Venture Partners.
“As an entrepreneur, joining Accenture Ventures presents a unique opportunity to help emerging, innovative startups create and grow, and also collaborate with some of the most admired companies in the world,” said Mr. Lounibos. “I’m especially looking forward to working with the Accenture team on developing new ideas and concepts that we can bring to market together with our clients.”