Douglas G. Bergeron

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Doug Bergeron
Image provided by Lassonde School of Engineering, 2013
Born Douglas George Bergeron
(1960-12-05) December 5, 1960 (age 53)
Windsor, Ontario, Canada
Residence Atherton, California, US
Nationality Canadian
Alma mater York University USC
Occupation CEO, Opus Global Holdings
Years active 2013–present
Religion Roman Catholic
Spouse(s) Giuseppina Teresa Grillo (1984–1994)
Sandra England Bergeron (2003–present)
Children 5
Website
www.opusglobal.com

Doug Bergeron is the founder and CEO of Opus Global Holdings, a financial technology buyout firm that was formed in partnership with GTCR, a leading private equity firm based in Chicago, Illinois. GTCR committed $450 million of equity to the venture and Bergeron committed $50 million.

Bergeron is a 25-year financial technology veteran. [1]

Bergeron was born in Windsor, Ontario, Canada, in 1960, and is the oldest of George and Eleanor Bergeron's four children.

Education[edit]

Bergeron attended Assumption College High School, graduating in 1978, and attended York University, in Toronto, Canada, graduating in 1983 with a Bachelor of Arts with Special Honors in Computer Science.

Upon graduation, Bergeron was employed by Northern Telecom (later called Nortel Networks) in Ottawa, Ontario. In 1985, he was awarded the Northern Telecom Post Graduate Scholarship and enrolled at the University of Southern California in Los Angleses, graduating in 1987 with a Master of Science degree.

Bergeron was awarded an Honorary Doctorate of Laws (LLD) by York University’s Lassonde School of Engineering in June, 2013. The award marked the 30th anniversary of Bergeron’s graduation from York. At this occasion, Bergeron delivered the commencement address to the York University, Lassonde School of Engineering graduating class of 2013. [2]

VeriFone[edit]

In 2001, in partnership with Gores Technology Group (now, The Gores Group), Bergeron led the acquisition of VeriFone from Hewlett-Packard in a transaction valued at $50 million. Hewlett-Packard had acquired the business in 1998 for $1.3 billion. Upon completion of the VeriFone acquisition, Bergeron was named Chairman and CEO. [3]

In 2002, Gores sold VeriFone to Bergeron and GTCR, a Chicago-based private equity firm in a transaction valued at $160 million. Bergeron and GTCR embarked upon a strategy to aggressively grow VeriFone into a multinational company. [4] Bergeron resigned as CEO of VeriFone in March, 2013, following 12 years at the helm. VeriFone’s enterprise value as of October, 2013 exceeds $3.5 billion. The Bergeron/GTCR acquisition of VeriFone is widely considered to be one of the most successful private equity investments of the decade. [5]

SunGard[edit]

From 1990 through 1999, Bergeron served in a number of executive management positions at SunGard Data Systems, including Managing Director of SunGard Capital Markets N.A., President of SunGard Futures Systems, and Group CEO of SunGard Brokerage Systems Group.[6]

Other directorships[edit]

Bergeron is a director and co-investor in Fundtech, a New York based financial technology company.[7]

Philanthropy[edit]

Bergeron and his wife Sandra together are active philanthropists.[8]

In 2011, the couple committed $2 million to Multiple Sclerosis Canada, in a gift dedicated to advanced research and towards community service for MS patients in the Windsor/Essex Canada chapter. Bergeron’s father, George Bergeron (1936-1999) suffered from MS and is the former Chairman of the Windsor/Essex chapter. In 2005, the City of Windsor opened the George Bergeron Healing Garden on the riverfront of the Detroit river, featuring a bronze statue of George Bergeron in honor of his contribution to the City. [9]

In 2006, Bergeron and his wife Sandra announced a $1 million gift towards the Bergeron Women in Technology Scholarship Program at Georgia State University in Atlanta, Georgia. Each year, five undergraduate female students are selected for their high academic and leadership potential. Each woman is awarded a full year of tuition and is paired with a C-level female technology leader for mentorship. [10]

In 2011, the Bergeron Women in Technology Program was expanded to the University of California at Berkeley as a result of a further $500,000 gift to the university. Each year, five female undergraduate students are selected and each woman is awarded a two year scholarship and is matched with a C-level female technology leader.

In 2011, Sacred Heart Schools in Atherton, California announced that the Bergeron family had made a $2 million gift in order to open the new Bergeron Lower School at the SHS campus.[11]

In 2012, York University announced a $2 million gift to fund the Bergeron Entrepreneurs in Science and Technology (BEST) Program. This new inter-disciplinary program unites courses around business plan formation and venture capital finance into the science and engineering programs.

In 2012, Georgetown University announced that the Bergeron family had made a $1.25 million gift in order to endow the George Bergeron Professorship of Neuroscience at Georgetown University Medical [12]

Richard Petty Motorsports[edit]

Bergeron is co-owner of Richard Petty Motorsports, a NASCAR racing franchise, together with Medallion Financial and Richard Petty. The team currently competes in the Sprint Cup Series with the #9 car driven by Marcos Ambrose and the #43 car driven by Aric Almirola. The team also fields one car in the Nationwide Series. [13]

Personal life[edit]

In 1984 Bergeron married Giuseppina Teresa Grillo and the couple had two daughters. Their marriage ended in divorce in 1994. In 2003 Bergeron married Sandra England Bergeron and the couple have three children.

Sandra Bergeron is the former head of research and development at McAfee, Inc (now a division of Intel Corp). Mrs Bergeron sits on the boards of F5 Networks, Inc. (NASDAQ: FFIV), Qualys, Inc (NASDAQ: QLYS), and Sophos plc.

Doug Bergeron is a member of the Council on Foreign Relations, a five-time delegate to the World Economic Forum in Davos, Switzerland, and has been a frequent guest on CNBC and Fox Business.[14]

References[edit]

External links[edit]