Before founding CareZone, Schwartz had a nearly 15-year tenure with Sun Microsystems, culminating in his serving as CEO just prior to and during the company's battle for survival during the American financial crisis, and its subsequent acquisition by Oracle.
Schwartz was born in Southern California, and spent much of his childhood moving between the West Coast and Washington, D.C., graduating in 1983 from Bethesda-Chevy Chase High School in Bethesda, Maryland.
[citation needed] In 1989, Schwartz left McKinsey and moved to Chevy Chase, Maryland, where he was a co-founder of Lighthouse Design, a company focused on building software for NeXT Computer, Inc.
After Schmidt's departure for Novell, Schwartz became the director of product marketing for JavaSoft in 1997 and then transitioned through a series of vice president positions.
[citation needed] Sun's stock reached a high of $26.25 in 2007, a point just prior to which private equity investors KKR invested $750 million in a convertible debt financing.
[citation needed] Schwartz ultimately finalized an acquisition, signing an agreement for the sale of the company to Oracle Corporation on April 20, 2009.
He also managed a public exchange with SEC Chairman Christopher Cox about the use of websites and blogs for the dissemination of financial information[6] to meet Regulation Fair Disclosure.
[12][13] CareZone enables users to create a password-protected, centralized repository of information related to the care of children, parents or other family and friends.