Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

Lloyd Mahaffey

C. Lloyd Mahaffey, with more than 35 years of success, is a seasoned Chief Executive Officer, technology market sector executive, Sarbanes-Oxley qualified board director, pilot, sailor, fly fisherman, inventor, fundraiser, and author.

His experiences include key executive roles in the C-Suite, marketing, corporate development, hardware and software development, cloud-based services, business development, operations, and support. Market sector expertise includes Computer Technology, Enterprise Software, Fin-Tech, Mar-Tech, Auto-Tech, Healthcare Tech, Payment Systems, and Cybersecurity. Operating experience and business relationships include North America, the Caribbean, South America, Europe, the Middle East, China, and India.

Mr. Mahaffey has successfully completed more than $1.2 billion USD in public market transactions and more than $430M USD in venture-backed private equity transactions. His career includes a Managing Partner role with Redleaf Ventures, a $300M venture capital firm based in in Silicon Valley, devoting his talents to developing, funding and cultivating early-stage business-to-business technology companies.

Prior to joining Redleaf, Mr. Mahaffey was the senior vice president and chief operating officer at VeriFone, where he was responsible for its consumer and internet initiatives. He also led the team that negotiated the $1.2 billion acquisition of VeriFone by Hewlett Packard. He was also responsible for VeriFone’s investments in CyberCash, WebTV, and, most notably, VeriSign.

Mr. Mahaffey honed his product, marketing and sales acumen as a key executive during the formative years of Apple Computer. While at Apple, he was responsible for the development of Apple’s highly regarded US Education Group and Federal Systems Group business segments worldwide. During his tenure, he grew the company’s Education business unit from $300 million to $1.3 billion.

He currently serves as the Founder and Executive Chairman of Windancer Technologies, based in Silicon Valley, that deploys, upgrades, and optimizes electronic healthcare records software and cybersecurity solutions for US healthcare systems. He is also a Board Director and President of SmartStory Technologies; a global provider of next generation customer engagement solutions.

Mr. Mahaffey recently joined Progress Partners; a boutique investment bank with offices in New York and Boston, as a Venture Partner. An avid commercial-instrument pilot, sailor, fly fisherman and squash player, Mr. Mahaffey is a member of the prestigious St. Francis Yacht Club in San Francisco.  Mr. Mahaffey received a B.A. with Honors from The Citadel and attended Stanford University Graduate School of Business Technology Executive Program.  

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