PeopleMatter’s Board of Directors

Mitch Mumma

Partner, Intersouth Partners
Mitch Mumma is responsible for the technology portfolio at Intersouth. Having joined Intersouth in 1989, Mr. Mumma has full-cycle venture investment experience. He has held management positions with various companies throughout his career —of those, three were start-up companies, all of which subsequently went public.

Prior to joining Intersouth, Mr. Mumma worked in finance and operations for a high-growth computer hardware and software company. Previously, he worked as a manager in the high-growth business practice at Touche Ross & Company (now Deloitte & Touche). Mr. Mumma is a Director and former chairman of the board of the Council for Entrepreneurial Development (CED). He currently serves on the board of directors of the North Carolina Technology Association (NCTA) and on the advisory board for N.C. State University’s Engineering Entrepreneurs Program. But don’t call him a Wolfpack fan just yet; he is also a member of the advisory board of the Center for Entrepreneurship and Innovation at Duke University’s Fuqua School of Business and has served as a mentor to the Kauffman Foundation’s Kauffman Venture Fellows Program. Mr. Mumma is a frequent speaker on the topic of venture capital and an adjunct professor at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, where he teaches a course on venture capital. He received a B.A. in management science from Duke.

Mike Elliott

Managing Partner, Noro-Moseley Partners
Mike Elliott joined NMP in 2005 with 21 years of successful venture capital investment experience. Previously, Mike spent eight years as a Managing Director of The Wakefield Group, a private venture firm based in Charlotte, North Carolina with an investment focus similar to that of NMP. Mike invested primarily in technology and business services companies, at early and growth stages of development, and has continued that focus at NMP. Currently, Mike represents NMP on the boards of Adaptivity, Appia, FrontStream Payments, MD Sleep and PeopleMatter.

Prior to Wakefield Group, Mike was a Managing Director of NationsBank Capital (now Bank of America Capital Investors), Bank of America’s private equity investment arm, where he managed large financings of later-stage growth companies. He began his venture investment career as a founding partner of NCNB Venture Co., L.P., the venture investment arm of NCNB, the predecessor of Bank of America. During his venture career, Mike has been an active board member and sponsor of several highly successful ventures, including Affiliated Managers (NYSE: AMG), Redgate Communications (sold to AOL), Medic Computer Systems (sold to Misys), OpenSite Technologies (sold to Siebel Systems), and Serologicals (sold to Millipore).

Mike currently serves on the Board of the National Venture Capital Association and has served on the Executive Committee of the NASBIC Board of Governors. He is extensively involved in North Carolina's entrepreneurial community and serves as Chairperson of the CED in Research Triangle Park. Mike received a BS in Mathematics and an MBA from the University of North Carolina, where he was both a Morehead Scholar and Maurice Lee Fellow.

Wayne L. Hunter

Managing Partner, Harbert Management Corporation
Wayne Hunter joined HMC in 2002 and serves on the boards of Broadsource, Intelliject, Privaris, TapRoot Systems, Unitrends, WindChannel Communications, Yap and PeopleMatter, as well as the Council for Entrepreneurial Development in North Carolina and the Florida Venture Forum. Mr. Hunter was named one of the 25 Most Influential People in Southeast Technology by “TechJournal South.” Prior to joining HMC, he was a founding Managing Director and the head of Wachovia’s Technology Investment Banking Group. In addition, he was a member of Wachovia’s Private Equity/Venture Capital Fund Investment Committee and served on Wachovia’s Investment Banking Management Committee.

Mr. Hunter has more than 20 years of experience working with leading entrepreneurs and venture capitalists in the Southeast. During his tenure in investment banking, he advised on more than 100 financing and M&A transactions totaling $24 billion. His mergers and acquisitions and financial advisory experience encompass the software, I.T. services, communications services and equipment sectors. Mr. Hunter holds a law degree from the University of Alabama School of Law and a Bachelor of Science degree from Auburn University.

Theodore J. Bender, III

Managing Director, Croft & Bender
Prior to co-founding Croft & Bender in 1996, Mr. Bender was a Managing Director and member of its board of directors for the Corporate Finance Department at The Robinson-Humphrey Company, Incorporated. Mr. Bender joined Robinson-Humphrey in 1976, where he founded and led several industry practice groups. Mr. Bender has been involved in virtually all types of transactions with companies across several industries, including general manufacturing, healthcare, technology, restaurants, insurance, banking and business services. Mr. Bender has served and continues to serve on the boards of several corporations.

Mr. Bender is also a managing partner of C&B Capital, a growth equity fund affiliated with Croft & Bender. Mr. Bender received a B.S. from the University of Alabama and currently serves on the university’s Entrepreneurship Institute Advisory Board.

John E. Cay III

Vice Chairman of Wells Fargo Insurance Services
John E. Cay III currently serves as vice chairman of Wells Fargo Insurance Services, the third-largest insurance brokerage firm in the United States. Mr. Cay formerly served as Chairman of Wachovia Insurance Services and as Chairman and Chief Executive Officer of Palmer & Cay, until its merger with Wachovia in 2005. During his career Mr. Cay has served as a board member, director or chairman for more than 30 organizations, including two New York Stock Exchange companies and a number of the region’s most prestigious not-for-profit entities.

Phil Fauver

Executive Chairman of the Board, PeopleMatter
Phil Fauver has more than 30 years of experience directing the introduction, positioning and establishment of leading-edge technology. Most recently, Mr. Fauver served as Chairman and CEO of Employease, Inc.—a full-suite Human Resources solutions company that helped pioneer SaaS adoption in the field. During Mr. Fauver’s tenure, Employease delivered 31 consecutive instances of quarter-over-quarter growth and served more than 2000 corporations and institutions prior to its acquisition by ADP. Currently, Employease/ADP is a $150-million business employing more than 700 people.

Prior to Employease, Mr. Fauver held senior executive positions at PeopleSoft, with responsibilities for U.S. sales, field deployment, recruiting, organizational design and operations. From 1991 to 1999, he served on the CEO’s senior management advisory team and played a leading role in driving PeopleSoft’s growth from approximately $6 million to almost $1 billion in revenue.

Additionally, Mr. Fauver served as president of Dyer, Wells and Associates, a leading provider of software to third-party administrators, life and health insurance carriers, and managed-care organizations. During his tenure, Dyer, Wells doubled in revenues and transitioned from net operating losses to sustained profitability. He represented the company in its sale to Cigna.

Mr. Fauver also served as vice president of sales and marketing at INSCI from 1981 through 1988. INSCI is generally recognized as the pioneer in the development and successful introduction of human resource software solutions for the Fortune 1000. INSCI conducted a successful IPO in 1983.

He graduated from Purdue University with a Bachelor of Science degree in industrial management with a computer science specialization. He later received a master’s degree in finance from DePaul University.