LOS ANGELES – OCV Management LLC (“OCV”), a technology investment adviser based in Los Angeles, announced today that Nehemia (“Hemi”) Zucker will be joining the firm as Managing Principal starting on January 1, 2018. Until such date, Hemi will continue as CEO of j2 Global Inc. (NASDAQ:JCOM). As disclosed in today’s press release issued by j2 Global, the company also plans to commit $200 million to invest with OCV to pursue the company’s venture growth strategy under an entity of j2 Global.
As Managing Principal at OCV, Mr. Zucker will co-manage the firm alongside Mark Yung, OCV’s co-founder and Managing Principal. Hemi brings to OCV a breadth of experience spanning 21 years at J2 Global®, where he served as its President from 2005 before becoming the company’s CEO in 2008. Previously, Hemi also served as COO, CMO and CFO of the company. Hemi has been integral in leading the growth of j2 Global from $105,000 of revenue in 1996, when he joined the start-up, to approximately $1 billion in the trailing four quarters ended June 30, 2017. Between 2001 and 2016, j2 Global’s stock price increased at over an impressive 40% CAGR. Today, j2 Global stands as one of the largest publicly traded technology companies based in Southern California, as well as, the global second most active strategic acquirer between 2014 and 2016, according to AGC Partners. Under Hemi’s leadership, j2 Global has completed over 155 acquisitions, helping the company expand into new markets, such as Cloud Services, Patent Licensing and Digital Media. Before that, he spent 16 years at Motorola in various divisions in finance and operations, participating in the consolidation of paging carriers via M&A, as well as pioneering the Cellular and Wireless Data Business as a service provider both in the US and Israel.
“OCV’s mission is to invest in technology oriented companies that can build long term value through differentiation, creativity and sound management. Hemi’s success in transforming j2 Global from a start-up into a leading global technology platform across unified communications, cloud services and digital media is a perfect complement to our firm’s mission,” said Mark Yung.
“Following my success at j2 Global®, I am excited for this next chapter of my career, with the goal of helping young companies grow into successful businesses. I look forward to joining OCV, where we will remain focused on creating value for OCV’s limited partners by investing in a new generation of companies.” said Hemi. “I look forward to working closely with Mark to leverage the team’s combined skills and partner with tomorrow’s market leading platforms.”
About OCV Management LLC
OCV Management, LLC is a Los Angeles based investment adviser co-founded by Richard Ressler and Mark Yung in 2016. The firm leverages an investment strategy deployed successfully since 1993 and a team of seasoned professionals who have worked together for an average of 19 years. OCV invests in companies with differentiated technologies and compelling target markets, with the overriding objective of creating sustainable long-term value. As partners, OCV provides operational and financial expertise through its experienced principals, who have proven success as entrepreneurs, business leaders and investors across a variety of sectors including technology, healthcare, industrials, real estate and finance. OCV invests across all stages of a company’s growth cycle, and finds creative investment solutions to fit a company’s needs. For more information, visit www.ocvpartners.com.