LOS ANGELES--(BUSINESS WIRE)--March 10, 2005--Convergent Ventures, a seed-stage venture investment and development company focused on life sciences and materials sciences, announced today that Mr. Nima Shiva has been promoted to Managing Director. Previously, Mr. Shiva was a Principal on Convergent’s management team. “Time and again, Nima has demonstrated a special talent for identifying new investment and business development opportunities for Convergent and our portfolio companies,” said Mr. Kenneth C. Aldrich, a co-founder of Convergent and veteran member the Tech Coast Angels, the Southern California angel investment group. “Since signing on with our team as a new Associate in 1998, Nima has excelled in every situation and demonstrated the kind of entrepreneurial instinct and commitment to building investor value that are essential to successful early-stage venture investing,” said Mr. Aldrich.
