Jan 13 (Reuters) - Top executives from cloud-based software
companies such as Rypple and Workbrain said they had launched a
$100 million fund to invest in software licensing companies in
North America.
Rypple Founder and co-Chief Executive David Stein will lead
the 'Leaders Fund' along with Steve DeBacco and Gideon Hayden.
Rypple was acquired by Salesforce.com Inc (N:CRM) CRM.N in 2011.
DeBacco was most recently the chief risk officer of Applied
Predictive Technologies, which was acquired by Mastercard Inc (N:MA)
MA.N , and the chief operating officer of Workbrain, which was
bought by Infor.
Hayden is an executive of Canada's OMERS Ventures.
The fund will be based in Toronto and Atlanta.