Douglas G. Bergeron

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Doug Bergeron
Doug Bergeron.jpg
Founder, CEO of DGB Investment
Born Douglas George Bergeron
(1960-12-05) December 5, 1960 (age 56)
Windsor, Ontario, Canada
Residence Atherton, California, US
Nationality Canadian
Alma mater York University USC
Occupation Founder, CEO of DGB Investment
Years active 2013–present
Spouse(s) Sandra England Bergeron (2003–present)
Children 5
Website dgbinvestment.com

Doug Bergeron is the founder, CEO and sole shareholder of DGB Investment, a diversified holding company of technology investments. In this capacity, he serves as Executive Chairman of Opus, a New York based financial technology business serving the risk and compliance needs of large enterprises.[1][2] He also serves as Executive Chairman of United Language Group,[3] a global language services provider and as a director of Renters Warehouse, one of the country’s largest software-based property management companies.[4]

In 2001, he led the acquisition of VeriFone from Hewlett-Packard in a transaction valued at $50M. In 2002, Bergeron partnered with GTCR and embarked upon a strategy to aggressively grow VeriFone into a multinational company. As of May 2015, VeriFone’s enterprise value is approximately $5 billion, a 100 times increase.[5][6]

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 Angeles, 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. [7]

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. [8]

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. [9] Bergeron resigned as CEO of VeriFone in March, 2013, following 12 years at the helm. VeriFone’s enterprise value as of May, 2015 is approximately $5 billion. The Bergeron/GTCR acquisition of VeriFone is widely considered to be one of the most successful private equity investments of the decade. [10] [11]

In 2007, Bergeron was an award recipient and national finalist for the EY Entrepreneur of the Year Award [12]

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.[13]

Philanthropy[edit]

Bergeron and his wife Sandra together are active philanthropists.[14]

In 2015, the couple announced the Bergeron Scholarship Program had been expanded to Cristo Rey High School, an inner-city school in San Jose, California, through a $500,000 gift.

In 2014, Bergeron increased his gift to York University to $10 million, the largest contribution that the university has ever received from an alumnus in its history. In honor of this, York named the new $100 million center of the engineering school The Bergeron Centre for Engineering Excellence. [15]

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 [16]

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. [17]

In 2011, the Bergeron Women in Technology Program was expanded to the University of California at Berkeley as a result of a 1,000,000 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.[18]

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. [19]

Personal life[edit]

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

In 2003, Bergeron married Sandra England Bergeron and the couple have five 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.

Bergeron is a permanent 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.[20]

References[edit]

  1. ^ Executive Chairman of Hiperos. "Opus Global Announces Acquisition of Hiperos Press Release 7/8/2014". 
  2. ^ Opus Global, GTCR. "Opus Global Press Release 9/21/2013". 
  3. ^ Bloomberg. "United Language Group Announces Executive Appointments". 
  4. ^ RentersWarehouse. "Minneapolis / St. Paul Rental Property Management". 
  5. ^ Gores Group. "Gores Group, Private Tech Co. Buying Verifone Press Release 9/21/2013". 
  6. ^ Yahoo! Finance. "VeriFone Systems, Inc. (PAY)". 
  7. ^ Sean Billingsley,. "Douglas Bergeron receives his Honorary Doctorate, on June 10th 2013, from York University. Douglas Bergeron is introduced by Dean Janusz Kozinski, Lassonde School of Engineering, 6/10/2013". 
  8. ^ Countdown 2012, BY SEAN SPOSITO DEC 22, 2011. "Verifone's Rise to Point of Sale Supremacy". 
  9. ^ The Green Sheet :: GS Archives. "GTCR Recapitalizes VeriFone". 
  10. ^ VeriFone Systems. "A video tribute to an extraordinary 10 years of a 30-year history, 4/18/2011". 
  11. ^ Yahoo! Finance. "VeriFone Systems, Inc. (PAY)". 
  12. ^ "Verifone CEO Douglas Bergeron Wins Ernst & Young 2007 Entrepreneur of the Year Award." Verifone CEO Douglas Bergeron Wins Ernst & Young 2007 Entrepreneur of the Year Award. N.p., 2 July 2007. Web. 10 Apr. 2015. <http://global.verifone.com/company/press-room/press-releases/2007/verifone-ceo-douglas-bergeron-wins-ernst-young-2007-entrepreneur-of-the-year-award/>.
  13. ^ Forbes. "Forbes Doug Bergeron at a glance". 
  14. ^ Sean Billingsley. "Doug Bergeron Philanthropy, Tribute Video". 
  15. ^ http://windsorstar.com (May 21, 2012). "Windsor native Doug Bergeron gives $10 million to alma mater York University". Reuters. 
  16. ^ http://in.reuters.com (May 21, 2012). "Douglas and Sandra Bergeron Fund Endowment at Georgetown University Medical Center". Reuters. 
  17. ^ http://giving.georgetown.edu. "BERGERON PROFESSORSHIP PROVIDES SUPPORT FOR CENTER FOR BRAIN PLASTICITY AND RECOVERY". 
  18. ^ http://www.shschools.org. "SHSchool Annual Report 2010" (PDF). 
  19. ^ cis.robinson.gsu.edu. "Bergeron Women in Technology Leadership Fund". 
  20. ^ Fox News. "Doug Bergeron, Opus Global Holdings on Fox Business". 

External links[edit]