Ex-NaviSite CEO Joins Charles River Ventures

Six months after leaving NaviSite , Joel Rosen has joined Charles River Ventures (CRV), a Waltham, Mass., early-stage investor, to scout software and services deals.

“As customer acquisition emerges as the number one priority for technology startups, it’s more important than ever for CRV to continue our tradition of attracting
partners with deep operating experience and first-hand knowledge of what it takes to build companies for the long term,” said Bruce Sachs, a CRV general

Rosen has 15 years of operating experience, including nearly 10 years at the senior management level. Most recently, he was president and CEO of NaviSite where
he led the Andover, Mass., company through an IPO and grew revenue tenfold to $100 million.

Rosen joined NaviSite, a Web and applications host, in 1999 and resigned from the
firm in July. NaviSite is majority owned by struggling Andover, Mass., Internet investor CMGI .

Previously, Rosen spent 10 years at Aspen Technology, where he was part of the management team that brought the company public. As executive vice president,
he oversaw the product development, marketing, business development, customer support and professional services functions for the majority of the company’s

Earlier in his career, Rosen was a manager at Bain & Company and also worked in brand management at Procter & Gamble. He earned bachelor’s and MBA
degrees from Harvard.

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