Portfolio

HWVP’s goal is to help every company find its own path to success.

Introduction

Success in enterprise software is hard work, and we work hard to tilt the playing field in favor of our companies.

At HWVP, we strive to help every company in our portfolio find the maximum success and full market potential. We join our company’s path towards success early—usually as the first institutional investor—and almost always before the product or product/market fit is established.

Farewell, MuleSoft

From the Founder Ross Mason

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I have resigned from MuleSoft, the company I founded in 2006 on top of the Mule project I created in 2003. This is a big move for me; to step away from the company that I grew from a line of open-source code in my bedroom to a publicly-traded company on the NYSE in 2017. And a year later was acquired by Salesforce for $6.5 Billion - one of the largest enterprise software acquisitions of all time.

Continue reading here: LinkedIn Post

It's hard work to go from this early stage to a successful IPO or acquisition—we know because we have done it ourselves and we have done it along side some of most successful recent companies like Mulesoft, Omniture, Five9, and Sonatype. These companies have had incredible success and defined the markets they created.

Insights

Success Stories

While many of our companies have found great success, here are a few stories of our most notable investments.

Five9

Category Leading Cloud Call Center Company

Five9 has grown to be a multi-billion dollar high-growth public company by creating the cloud category for call center software while disrupting legacy on-premise providers. HWVP was the lead / first investor and largest shareholder through their IPO (and beyond).

MuleSoft

Connecting the world’s applications, data and devices

HWVP funded Mulesoft as their first investor as a two-person startup and remained their lead investor through their IPO and acquisition by Salesforce for $6.5B. The company was an open-source pioneer that was the first to realize the power of APIs and connecting data – which lead to their astounding growth and capital efficiency.

Omniture

Online marketing and web analytics

As websites became a major business tool for companies, HWVP invested in the leading marketing and web analytics platform, Omniture. Ominture was one of Inc. Magazine's 500 fastest-growing private companies, and IPO'd in 2006.

Extensity

Web-based Enterprise Applications

HWVP once again funded Scopus co-founder Sharam Sasson to develop the first web-based enterprise applications for expense reports, purchase requisitions, and timesheets. Extensity was one of the first Java applications to run in the browser using the WebLogic appserver. Extensity IPO'd in 2001 and became one of HWVP's many "dragons".

Liquid Audio

Professional Grade Streaming Audio

In the early days of putting media onto the Internet, Liquid Audio developed a lading standard for streaming audio. They differentiated from other solutions by focusin gon professional awudo quality and copyright security. The company IPO'd in 1999.

NetDynamics

The rise of the appserver

When the new web technology started becoming used to develop Java applications, the need for a middle tier between the web server and web browser became apparent. NetDynamics was one of the first Java appservers. NetDynamics was acquired by Sun Microsystems in July 1998.

Arbor Software/ Hyperion

Development of OLAP

Arbor Software developed the first OLAP (Online Analytical Processing) solution, which revolutionized reporting based on their multidimensional database, Essbase. Arbor Software IPO'd in 1995 and later merged with Hyperion Software. In August 2005, Information Age magazine named Essbase as one of the 10 most influential technology innovations of the previous 10 years.

Powersoft

Leading enterprise deployment of Client/Server

HWVP funded Powersoft when it was still an MRP company with a new application development platform, and led the pivot that made them the leader in client/server application development in the enterprise. Powersoft IPO'd and was lateracquired by Sybase in 1994 for $940M. Mitchell Kertzman, former CEO of Powersoft became President of Sybase.

Wind River Systems

Embedded Applications

HWVP was a leader in the embedded systems platform in the early 1990s, investing in Wind River Systems, developer of the leading real-time operating system VxWorks. Wind River was acquired by Intel in 2009 for $884M.

Our companies tell our story best.

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Ann and the HWVP team have made invaluable partners as we’ve scaled MuleSoft. They have deep operation understanding in every aspect of company building, from the early stage product development to the challenges of rapidly scaling to meet demand. Their guidance and help with partnerships, team building, strategy and positioning has been spot on. They often inquire, “How can we help” and then deliver on what we ask.

Greg Schott

CEO, MuleSoft

HWVP has been a trusted partner to Five9 as we’ve grown our business. Their focus on software and SaaS, deep industry expertise, pragmatic guidance and willingness to help in all aspects of building a company has proven to be extremely valuable. HWVP has helped Five9 grow into the largest, pure cloud contact center software vendor in the market.

Mike Burkland

CEO, Five9

The HWVP partners are extraordinary champions for entrepreneurs. They recognize that entrepreneurs are unique and unequaled in their passion and creativity. HWVP facilitates success by truly partnering with you. They help you push to the next level by continually asking what else needs to be done to be number one, and they are equally supportive during the good times and the bad times. These partners are always there for sage advice, recruiting, customer leads, and of course as a sounding board, all the while respecting your responsibility as the entrepreneur.

Josh James

CEO, Omniture

Meet our Companies