Thursday, February 16, 2012

Moghe made new president at TiE Boston

By Patricia Resende, Correspondent

A 16-year member of The Indus Entrepreneurs’ (TiE) Boston chapter has been tapped by TiE to take the reins of the organization and continue its mission to foster early stage businesses.

Prat Moghe, former senior vice president of Netezza and now the leader of strategy and products at IBM Netezza, was asked by TiE Boston to lead the group as its president.

Moghe has the skills and the experience to lead TiE-Boston and take its mission onward and to help the next generation of entrepreneurs succeed, founding member Desh Deshpande said in a news release.

The newly named chapter president began his career at Bell Labs researching systems management and networking. Armed with a Ph.D. from UCLA, Moghe then fed his entrepreneurial spirit.

Moghe is no stranger to startup businesses and how to foster their growth. He is the former founder of two businesses, StreamCenter and Tizor Systems, a data center auditing company which was acquired by Marlborough-based Netezza in 2009 for $3.1 million.

Moghe moved over to the maker of data warehouse appliances and remained its senior vice president until Netezza was acquired by IBM for $1.7 billion in 2010. He remains with the company still today.

TiE Boston Member, Jim Saxena, said in a release he is excited Moghe will lead the group. Because of his success as an entrepreneur Moghe is suited for the role of president because he has a good understanding of both the challenges and opportunities entrepreneurs face in getting a business started and growing them, Saxena said.

Along with his long-term membership with TiE, Moghe is also an active member of TiE-Angels, a subgroup of the chapter. TiE Angels’ mission is to provide entrepreneurs access to seed capital and continued support but for their businesses’ strategy and operation. The group also invests in the early stage businesses by providing them with anywhere between $500,000 to $2 million, according to the group.