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Canopy Appoints Executive Leadership
Ron Heinz & Brandon Tidwell to Oversee Canopy Ventures Investments
LINDON, Utah, May 19, 2006 -- Canopy Venture Partners, a Lindon, Utah based venture capital firm announced today that it has hired Ron Heinz as Executive Manager and Brandon Tidwell as General Counsel and Director of Finance. Mr. Heinz and Mr. Tidwell will work with the Canopy Board of Managers and are responsible for managing the Canopy Ventures I portfolio of companies.
"We are pleased to have Ron and Brandon leading our investment strategy," stated Bart Hopkin, a member of the board of managers of Canopy Venture Partners. Managing members John and Andy Noorda agree, adding, "These professionals are highly qualified and their extensive experience with Utah technology companies should be a great asset to our portfolio."
Mr. Heinz brings more than 25 years of management and operating experience to Canopy and is currently Chairman of Helius, Inc. a rapidly growing Canopy portfolio company. Prior to joining Helius, Mr. Heinz was the CEO of Phobos Corporation; a Utah based Technology Company that was acquired by SonicWALL of Sunnyvale, California. Post-merger, he served as Chief Operating Officer and Sr. Vice President at SonicWALL. Prior to Phobos, Mr. Heinz spent 12 years at Novell Inc., serving as a Corporate Officer and Sr. Vice President his last 4 years. He received a B.S. in finance from Virginia Polytechnic Institute and an MBA in finance from American University. He has also participated in postgraduate work at the Harvard Kennedy School of Government.
Mr. Tidwell has an extensive background in venture capital, corporate and securities law. Mr. Tidwell has counseled numerous entrepreneurs throughout the startup company process, first as an associate in the Silicon Valley office of Latham & Watkins and more recently with Ballard Spahr Andrews & Ingersoll in Salt Lake City. Having advised on numerous venture capital financings, mergers and acquisitions, and public offerings in his career, Mr. Tidwell brings a broad base of startup experience to bear on behalf of Canopy's portfolio companies. He has a B.S. and Masters degree in accounting from Brigham Young University and a JD from Columbia University.
Canopy will continue to manage and monitor its existing portfolio of companies, as well as evaluate future investments. Mr. Heinz will continue to serve as Executive Chairman of Helius in addition to his responsibilities with Canopy.
About Canopy
Canopy is a privately held Venture company based in Lindon, Utah. For more information please visit http://www.Canopy.com.
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