David H. Langstaff, Government Services Veteran, Named Special Advisor to General Atlantic
01 Juli 2009 - 3:30PM
PR Newswire (US)
GREENWICH, Conn., July 1 /PRNewswire/ -- General Atlantic LLC (GA),
a leading global growth equity firm, today announced that David H.
Langstaff, the former CEO of Veridian, has become a Special Advisor
to the firm. In this role, Mr. Langstaff will support GA's active
value-added approach to partnering with growth companies by
providing strategic counsel to GA and its portfolio companies in
the Business Services and Technology sector with a particular focus
on government services. GA is an active investor in business
services and technology companies on a global basis, with current
and prior investments that include Trow, IHS and SRA International,
among others. With a target investment size of $50 million to $500
million, GA identifies, invests in and supports growth companies
globally over a long-term investment horizon. Philip Trahanas, a
Managing Director with General Atlantic, commented, "David's
extensive background as a Chief Executive Officer and Director of
government services companies will offer us invaluable insights as
we continue to extend our activities in the business services
sector. More broadly, David's deep commitment to excellence in
corporate governance resonates with General Atlantic's long-term
investment philosophy." Mr. Langstaff said, "General Atlantic is a
premier global firm that consistently delivers on its value-added
promise to its portfolio companies. I hope to extend GA's industry
knowledge and specialized network within the government services
sector as they continue to support their portfolio companies and
look for additional investment opportunities." From 1995 until its
sale to General Dynamics in August 2003, Mr. Langstaff was
President, CEO and Director of Veridian Corporation, which
specialized in mission-critical national security programs
primarily for the intelligence community, military and other U.S.
Government agencies involved in law enforcement and homeland
security. Under Mr. Langstaff's leadership, the company's annual
sales increased ten-fold, from $100 million to $1.2 billion, and
Veridian developed a reputation as one of the preeminent companies
in its field with a strong values-based culture. In June 2002, Mr.
Langstaff took Veridian public (NYSE:VNX) in what was recognized by
The Financial Times as one of the ten best global IPOs of 2002.
From 1984 to 1995, Mr. Langstaff served as Executive Vice President
and Chief Operating/Financial Officer of Space Industries
International, Inc., which in 1993 merged with Calspan SRL
Corporation. Following a management-led buyout in 1995, he assumed
the role of President and CEO and subsequently renamed the company
Veridian. Mr. Langstaff serves on the Board of Directors of SRA
International (NYSE: SRX), where he Chairs the Compensation and
Personnel Committee, and is a Trustee of The Committee for Economic
Development. He also serves as a moderator of executive leadership
seminars with The Aspen Institute, and chairs the Advisory Board of
the Business and Society Program of The Aspen Institute, a policy
program focusing on business education, ethics and values, and the
challenge of confronting the behaviors and practices that
contribute to excessive corporate and investor emphasis on short
term performance. Mr. Langstaff is active in the community,
particularly in the fields of the performing arts and education. He
is Vice Chairman of The Potomac School in McLean, VA, and is a
Trustee of the Pestalozzi US Children's Charity. He received a
Bachelor of Arts degree, cum laude, from Harvard College in 1977,
and earned a Master of Business Administration degree from the
Harvard Graduate School of Business Administration in 1981. About
General Atlantic GENERAL ATLANTIC is a leading global growth equity
firm providing capital and strategic support for growth companies.
GA combines a collaborative global approach, sector specific
expertise, long-term investment horizon and a deep understanding of
growth drivers to partner with great management and build
exceptional businesses worldwide. Established in 1980, GA manages
approximately $13 billion in capital and has more than 75
investment professionals based in Greenwich, New York, Palo Alto,
London, Dusseldorf, Hong Kong, Beijing, Mumbai and Sao Paulo. For
further information and a listing of GA's public and private
portfolio companies, see http://www.generalatlantic.com/. CONTACT:
Pat Hedley of General Atlantic, +1-203-629-8658, or , Caroline
Gentile of Kekst and Company, +1-212-521-4800, or , for General
Atlantic DATASOURCE: General Atlantic LLC CONTACT: Pat Hedley of
General Atlantic, +1-203-629-8658, or , Caroline Gentile of Kekst
and Company, +1-212-521-4800, or , for General Atlantic Web Site:
http://www.generalatlantic.com/
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