Deep industry roots
President, CEO & Board Member
With over a decade of experience in financial services, Tyson Nargassans believes in the power of analytics to transform data into actionable insights. As founder, CEO and president of Saylent Technologies, Tyson drives the business and technology vision of the company.
Under his leadership, Saylent’s solution suite and services have gained rapid market acceptance by leading processors in the U.S. such as CO-OP Financial Services, FIS, Jack Henry & Associates, and Vantiv, as well as financial institutions such as BankAtlantic, STAR Financial Bank, Alpine Bank and Cadence.
Prior to Saylent, Tyson was vice president of sales and marketing for e-ClassicSystems, the market leader in ATM channel management solutions. Under his leadership, the company managed sales to institutions such as Sovereign Bank, TD Banknorth, AmSouth Bank, E*Trade, and others, ultimately leading to the acquisition of e-ClassicSystems in May 2004 by Jack Henry & Associates.
Previously, Tyson was part of the marketing management team at another startup, Sonexis, a Boston-based IP telephony company. He holds a degree in business from Skidmore College.
CARL H. NOVOTNY
Carl Novotny became a general partner of Venture Fund of New England (VCFNE) in 2001 upon the formation of its venture capital fund focused on early-stage companies. Carl is also a significant limited partner in the fund. As one of the managing directors, Carl oversees the fund’s investments in all direct marketing-related investments made by VCFNE.
In addition to Saylent, he currently serves as a member of the board of five VCFNE portfolio companies: Cartera Commerce, Inc., Associates in International Research, First Equity Card Corporation, Edge Motion Technology, Inc., and NextMark, Inc. Outside of his VCFNE activities, Carl is also a member of the board of directors of Next Generation Insurance, Inc., an affiliate of Sallie Mae Student Loan Services.
Prior to joining VCFNE, Carl was the founder of First USA Partners, the exclusive sales and business development arm of First USA Bank, the third largest credit card issuer in the U.S. during the 1990s, and now the credit card arm of JPMorgan Chase. First USA Partners was the leading independent affinity marketing company in the U.S. during that time. He sold the company to Bank One in 1998, which eventually merged with JPMorgan Chase. Prior to founding First USA Partners in 1990, Carl also co-founded Trans National Financial Services, the credit card marketing partner of MBNA America, a pioneering company in the development of affinity marketing of financial services, most notable affinity credit card services, and served as its COO until 1988.
In addition to his business activities, Carl is a member of the Board of Trustees of the CCRC North Hill – Needham Retirement Communities and is active in a number of philanthropic advisory boards at Children’s Hospital Boston and at the Cure Alzheimer’s Fund. He received his Bachelor of Arts degree from Rice University and his MBA from Harvard Business School.
Since founding North Hill Ventures in 1999, Brett has worked closely with companies in several financial services sectors. Previously, Brett was a Principal at Westbury Capital Partners, a New York-based venture capital firm investing in information technology and healthcare services companies. Prior to Westbury, Brett was a Principal at The Parthenon Group, a Boston-based strategy consulting firm, where he worked with companies in information services, healthcare services, and private equity.
At North Hill, Brett has focused on financial information services, compliance management, and payments. Brett’s representative investments include: OpenPages (acquired by IBM), Forefield (acquired by Broadridge Financial Solutions), and Exchange Solutions.
Brett holds an M.B.A. from the Amos Tuck School at Dartmouth College, where he was an Edward Tuck Scholar and an A.B., magna cum laude, from Princeton University.
Tom has a track record of helping high-growth software companies achieve lasting success. He currently serves as Chief Administrative Officer for Bottomline Technologies, where he has executive responsibility for Bottomline’s information technology and corporate legal functions, and runs the execution of Bottomline’s aggressive acquisition strategy. For more than a decade, Tom was Senior Vice President and GM for Bottomline’s cloud-delivered payments and invoicing solutions.
Prior to Bottomline, Tom served as Chief Operating Officer of eVelocity, a pioneer in electronic invoicing. He held Chief Financial Officer roles at Newmarket International, a private equity-backed firm providing technology solutions to the global hospitality industry, and NovaNET Learning. NovaNET was an innovator in the online delivery of educational software, and grew rapidly for almost a decade before its successful sale to Pearson. Through over 25 years as a senior executive in dynamic industries, Tom has played a key role in building strong teams and achieving breakthrough results.
Tom is active in the non-profit community, where he’s served on the board and chaired capital campaigns for a number of educational, religious and community organizations. He holds an MBA from Harvard University’s Graduate School of Business and a Bachelor of Arts from Williams College.
Sharon Nargassans, a founder and board member of Saylent Technologies, brings financial, operational, and administrative expertise to the company. She was formerly Saylent’s vice president of finance and human resources.
Previously, she was the director of accounting and assistant controller at The Charles River Center (formerly Charles River Arc), a private, nonprofit human service agency. She has held a variety of financial accounting positions during her career including seven years with the U.S. government, where she was responsible for budget compliance of regional military offices. She holds a degree from Massachusetts Bay College.
Since co-founding WWC Capital Group in 1998, Jonathan has focused his efforts on guiding growth-stage technology areas including new media, IT software/services, and alternative energy. He has also been responsible for the firm’s highly successful Internet advertising investments including WeatherBug and Advertising.com. In addition to Saylent, Jonathan represents WWC Capital on the boards of Double Positive and AllTrust.
Jonathan is widely regarded as an expert in designing capital structures for growth companies with the objective of increasing flexibility and/or lowering financing costs in the capital structure. Companies use his capital structure advice to help them achieve vital strategic objectives such as financing an acquisition, retirement of a shareholder equity position, or raising development capital. During his extensive career as an investment banker, Jonathan was responsible for the placement of over $3.5 billion of senior debt, subordinated debt, and equity. Jonathan holds an MBA from the University of Virginia, Darden Business School, and a Bachelor of Science degree in commerce from the University of Virginia.