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ABS VC NSI CEO

Today, three months after his VC firm led a funding round for NSI Software Inc., Dean Goodermote took over as CEO for the data protection software company (see NSI Gets New CEO).

Goodermote, a venture partner at ABS Capital Partners, replaces NSI founder Don Beeler as CEO of the 14-year-old Hoboken, N.J.-based company. ABS led NSIs $7 million C funding round that closed in January (see Software Players Get Sales Ammo).

Sounds like he wants to make sure the money gets spent correctly. Goodermote says he became CEO because he’s liked what he’s seen of NSI since ABS first invested in 2002. “I always knew I might go off to one of our portfolio companies,” Goodermote says. “NSI is doing well -- that’s why I’m interested. Don wanted to move out of the business, but he’s advising me on strategic issues.”

Before joining ABS in 2001, Goodermote ran several software companies. His track record doesn’t give much of a clue into what direction he might take NSI. While Goodermote was CEO, biopharmaceutical software company Clinsoft merged, Internet software company IPworks was sold to Ericsson AB, and he took enterprise management startup MRO Software public.

Which way does he see NSI going? “There are similarities to all those companies,” he says. “They’re companies that have been this size and grown to a bigger level.”

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