LogicSource Names Michael Krupka to its Board of Directors
Krupka, a veteran of Bain Capital and founder of Bain Capital Ventures, to sit in Bain’s chair at LogicSource
NORWALK, Conn. – January 27, 2015 – LogicSource®, a leading sourcing and procurement services firm, today announced that Michael Krupka, founding partner and Managing Director of Bain Capital Ventures, has been appointed to its board of directors.
Krupka, a recognized leader in the investment community and advisor to technology-driven companies, brings with him significant experience in early-stage investment in software, hardware, database, and telecommunication and business services firms. Prior to Bain Capital Ventures, he served as a Managing Director with the Private Equity Group of Bain Capital.
“Mike will be an outstanding addition to an already strong Board,” said Jeff Stiefler, Chairman of the LogicSource Board of Directors. “He brings a wealth of highly relevant knowledge, experience, and relationships gained from his many years of experience investing in and advising some of the country’s most successful businesses.”
Krupka has also served in c-suite positions, including roles as President and CFO of leading software and services companies.
“My experience as both an operator and investor has taught me that focus is everything. Most companies do not have the capabilities required to devote to their indirect sourcing and procurement operations – it just isn’t a core focus of their team,” said Krupka. “LogicSource fills that void with a unique blend of assets and expertise that combine to execute substantial results. I believe strongly in what they are doing and am excited to focus on LogicSource as the lead Director from BCV.”
LogicSource® is helping companies buy better by executing end-to-end strategic sourcing and procurement solutions that deliver substantial cost-savings and sustainable value.
“My team and I are extremely pleased to be working with Mike in the next chapter in our evolution,” said David Pennino, CEO of LogicSource. “Bain has been our partner since inception, and having Mike sit at our table will substantially benefit our strategy and planning as we enter a very exciting growth phase for our firm.”
In addition to his roles at Bain, Krupka has also served on the Boards of Vonage, eXperticity, BTI Systems, EverTrue, Reonomy and the Boys and Girls Club of Boston. He holds a Bachelor of Arts in chemistry from Dartmouth College.
LogicSource helps companies buy better. LogicSource is reinventing sourcing and procurement with a fully transparent, investment-based model that ensures clients don’t spend a dime until they see results. By assembling proven, pre-built assets, including its world-class supplier ecosystem, sourcing and procurement operations center (SPOC), and leading OneMarket® technology, LogicSource executes rapidly deployable, customized solutions that deliver immediate savings and sustainable value. For more information, visit www.logicsource.com.