
Hemanth Parasuram
Managing Director
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- Full Name
- Hemanth T. Parasuram
- Title
- Managing Director & Co-Founder
- Firm
- Virgo Capital
- Firm Type
- Private equity (established software and technology-enabled services companies). Note: the stub data labeled him an "Angel Investor" focused on "Seed Round," but all verifiable sources describe Virgo as a growth/buyout private equity firm, not a seed-stage angel.
- Investment Stage
- Growth equity / control buyouts of established, revenue-generating companies (not seed)
- Check Size
- Not publicly disclosed
- Target Company Profile
- Established software and tech-enabled services businesses, typically with revenue up to ~$100M, strong customer relationships, and deep domain expertise
- Sector Focus
- Enterprise software, technology-enabled services, digital signage/workplace experience, RegTech, healthcare IT, cybersecurity, workforce/frontline communications
- Geographic Focus
- United States
- Location
- Austin, Texas (3112 Windsor Rd, Suite 400, Austin, TX 78703)
Background
Hemanth Parasuram is the co-founder and a Managing Director of Virgo Capital, an Austin, Texas–based private equity firm he established in 2005 alongside co-founder Guhan Swaminathan. At Virgo he oversees firm operations and portfolio management, and takes an active, hands-on role with the firm's investments. Collectively, Virgo's leadership is credited with facilitating exits and transformations exceeding a cumulative value of more than $400 million.
Before founding Virgo, Hemanth was Director of Corporate Development at TIBCO Software, where he led several strategic investments and completed three acquisitions. Earlier in his career, he worked in the High Technology Mergers & Acquisitions group at Goldman Sachs, advising clients across software, hardware, and online media on M&A transactions.
Hemanth earned a BS in Electrical Engineering with a specialization in software from Stanford University. He currently serves on the boards of several Virgo portfolio companies, including Aspire Tech, SurgeONE, KiteCyber, and Sayers, and has previously held board roles at companies such as RMG Networks/Korbyt and SirsiDynix.
Investment Thesis & Focus
- Invests in established software and technology-enabled services companies rather than early-stage startups — targets are typically revenue-generating businesses (up to roughly $100M in revenue).
- Looks for companies with strong customer relationships and deep domain expertise in their market niche.
- Takes an active, operationally involved ownership approach, leveraging the team's experience in operations, finance, technology, sales & marketing, and M&A to drive value.
- Pursues control-oriented deals — recapitalizations, buyouts, and platform investments — often as lead investor.
- Sector concentration in enterprise software, tech-enabled services, digital signage/workplace communications, cybersecurity, healthcare IT, and RegTech.
Notable Investments
- Aspire Tech (Aspire Technologies) — business/productivity software; Virgo's most recent disclosed investment (Aug 2025). Hemanth sits on the board.
- KiteCyber — cybersecurity company; Virgo portfolio, Hemanth on board.
- SurgeONE — technology company; Virgo portfolio, Hemanth on board.
- Sayers (Sayers Technology) — IT solutions/technology services provider; recapitalization led by Virgo Capital, Hemanth serves as board member/chairman.
- Zello — voice-first push-to-talk communication platform for frontline workers; Virgo participated in a ~$20M PE round (June 2022) alongside Recurring Capital Partners.
- Korbyt (formerly RMG Networks) — enterprise digital signage and workplace-experience software; acquired by Virgo Capital (with Sachs Capital Group) in 2018, later rebranded Korbyt.
- SirsiDynix — library automation and management software; prior Virgo portfolio company and board seat for Hemanth.
- HealthAxis — healthcare IT / claims processing; acquired by Virgo Capital.
- Accruent, TriNet, TIBCO — cited among Virgo's portfolio and exit history (including IPO/acquisition outcomes).
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