(TORONTO - March 6, 2013) - OMERS Ventures, the venture capital investment arm of the OMERS pension plan, announces George Babu is joining its team as Director. In this role Mr. Babu will identify and execute investment opportunities in the Technology, Media and Telecommunications (TMT) sectors, with a focus on human-computer interfaces, hardware platforms, mobile and enterprise software.
"OMERS Ventures is focused on investing in Canadian companies with the potential to become global leaders. As a very successful entrepreneur with diverse financial and operational knowledge, George will be a huge asset in helping us achieve this goal," said John Ruffolo, CEO of OMERS Ventures.
Prior to joining OMERS Ventures, George acted as general counsel and head of U.S. operations for Stockholm-based social gifting startup Wrapp, where he negotiated key partnerships and built out the U.S. team in New York and San Francisco.
His many other accomplishments include co-founding and acting as head of finance and operations at Rypple, a social performance platform acquired by Salesforce.com in late 2011 and re-launched as Work.com. George also spent nine years at Research In Motion (RIM), initially with the Radio Frequency (RF) Research & Development team developing radio platforms, and then with the Intellectual Property (IP) team growing RIM's patent portfolio and assisting in IP litigation across multiple countries.
George currently serves on the Advisory Board of the Faculty of Engineering Science at the University of Toronto. He holds a B.A.Sc. (Engineering Science, Electrical), J.D. and M.B.A. from The University of Toronto, is a Registered Patent Agent in Canada and is the holder of two patents.
OMERS Ventures (Twitter:@OMERSVentures) is the venture capital investment arm of OMERS, one of Canada's largest pension funds with nearly $61 billion in net assets. It is an initiative of OMERS Strategic Investments (OSI), an investment entity with a mandate to build long-term strategic relationships with like-minded partners. As both an institutional angel investor and a later-stage investor, OMERS Ventures is looking for successful companies with significant growth potential and market opportunities. We are seeking like-minded partners with a shared vision of building a vibrant and successful knowledge economy. For more information please visit http://www.omersventures.com/.