New Hire Represents Continued Investment in Technology Sector
PORTLAND, Ore.--(BUSINESS WIRE)--
D.A. Davidson & Co., an employee-owned, full-service investment firm
based in the Northwest, today announced that new software analyst Jack
Andrews has activated coverage on 7 publicly traded software companies.
Andrews joined D.A. Davidsonís technology research team in March. He
works from the firmís Portland office and reports directly to John
Rogers, head of institutional research for D.A. Davidson.
ďJackís software industry knowledge and his record of fundamental
analytic skills make him the ideal person for this position,Ē Rogers
said. ďWeíre pleased to have Jack join D.A. Davidsonís technology
research team to increase our software coverage and provide valuable
research to our institutional clients.Ē
Andrews has initiated coverage on Concur Technologies (CNQR),
Cornerstone OnDemand (CSOD), Marketo (MKTO), NetSuite (N), ServiceNow
(NOW), Oracle (ORCL) and Workday (WDAY).
Andrews joins Davidson with extensive experience in the technology
sector, most recently as the co-founder and co-portfolio manager of
Inflection Partners, a long/short equity market neutral hedge fund
focused on technology. He previously covered I.T. services companies for
JP Morgan, where he spearheaded the firmís research efforts surrounding
emerging investment themes in software and technology services and
published white papers pioneering the concepts of software-as-a-service
(SaaS) and business process outsourcing. Andrews launched his research
career at Citigroup, where he followed the computer services sector.
Previously, Jack worked in software development and fixed income for
Credit Suisse First Boston. He received his MBA from the University of
Chicago Booth School of Business and graduated from Carnegie Mellon
University with three bachelorís degrees.
Andrews joins an award-winning institutional team of 14 analysts at D.A.
Davidson who cover more than 240 public companies, with a focus on
several key sectors. The firmís research is supported by professional
sales and trading, including market making.
About D.A. Davidson & Co.
D.A. Davidson & Co. is a full-service investment firm with operations
throughout the country. D.A. Davidsonís Equity Capital Markets Group
provides services and products that include investment
sales, trading, research
services. The firmís industry-driven research teams offer
award-winning research and are supported by a dedicated group of sales
and trading professionals. D.A. Davidsonís investment banking team
underwrites public offerings, serves as a placement agent for private
financings, and advises companies on mergers and acquisitions.
The Equity Capital Markets Group is based in Portland, Ore., and
operates from offices in Baltimore; Boston; Chicago; Denver; Great
Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake
City; and Seattle.
D.A. Davidson & Co. is one of four firms within D.A.
Davidson Companies, a 79-year-old, employee-owned regional financial
services holding company. With almost 1,400 employees working in 24
states, D.A. Davidson Companies is responsible for more than $45 billion
in client assets under management and administration.
LANE for D.A. Davidson & Co.
Ted Lane, 212-302-5948
Jacquie Burchard, 406-791-7465
Source: D.A. Davidson & Co.