BALTIMORE & SAN DIEGO--(BUSINESS WIRE)--JMI Equity, a growth equity firm focused on investing in leading software companies, today announced the promotions of Larry Contrella to Principal and Paul Chang to Vice President.

“Larry and Paul exemplify the best of JMI’s culture of collaboration and drive,” said Paul Barber, Managing General Partner of JMI. “Larry has been an integral part of our team, helping us identify and secure attractive investment opportunities and increasing the value of our portfolio companies. Paul also has distinguished himself, rising through the ranks by excelling at sourcing and collaborating with our management teams to grow our businesses.”

Mr. Contrella joined the firm in 2010 and is based in Baltimore. His investment experience includes automotiveMastermind, Axeda (acquired by PTC; NASDAQ: PTC), Benevity, CoreHR, EMS Software, Higher Logic, Level Access, and Schoology. Prior to joining JMI, Mr. Contrella was an investment banking analyst in the multi-industries group at Merrill Lynch & Co. He received a BS in Economics from the Wharton School of Business at the University of Pennsylvania.

Mr. Chang joined the firm in 2013 and is based in San Diego. His investment experience includes Avecto, EMS Software, and Intradiem. Prior to joining JMI, Mr. Chang was an investment banking analyst in the technology, media, and telecommunications group at Jefferies LLC. He received an AB in Economics from Brown University.

“We’re proud to recognize Larry and Paul for their many contributions to our investments and our firm as a whole,” said Harry Gruner, Founder and Managing General Partner of JMI. “The innate qualities of our people – namely, their passion and commitment in working with software companies across all stages and forging enduring partnerships with them – are key differentiators for JMI. We’re thrilled with Larry’s and Paul’s advancement and look forward to their continued success.”

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 130 businesses in its target markets, successfully completed over 85 exits, and raised more than $3 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.