Core Capital Invests in Enterprise Mashup Innovator, JackBe

October 25, 2007; 06:17 AM
WASHINGTON--(BUSINESS WIRE)--Core Capital Partners, a venture capital firm that invests in a wide range of technology companies, announced its participation in a $9.5 million, Series C round for Chevy Chase, Maryland-based JackBe, the leading provider of enterprise mashup software. The new funding, which also included Harbert Venture Partners and other existing investors, will help the company expand sales and marketing and continue product development of its Presto enterprise mashup platform.

“Enterprises have spent millions of dollars developing service oriented architectures (SOA), portals, and enterprise applications, and JackBe’s enterprise mashup software can greatly improve the return-on-investment on these critical technologies,” explained Pascal Luck, managing director at Core Capital Partners. “JackBe’s enterprise server products make information access easier from SOAs, portals, and other enterprise applications.”

“Core Capital Partners has an excellent track record of investing in and successfully building innovative companies that develop market changing technologies,” said JackBe CEO, Luis Derechin. “Analysts predict mashup software will transform the Web 2.0 space, and we believe Core Capital’s expertise will help us take advantage of the market potential and reach enterprises that want to increase productivity through enterprise mashups.”

JackBe has already acquired customers globally in the financial, government, and information services sectors. Clients include Citigroup, Tupperware, Sears, NutriSystem, Forbes, and the U.S. Defense Intelligence Agency.

JackBe’s Presto enterprise mashup platform enables end users to experience self-service data access, situational integration, and enterprise-grade mashups to make more effective decisions and independently complete daily tasks. The company is currently offering a trial download of Presto at http://www.jackbe.com.

About Core Capital

In business since 1999, Core Capital (www.core-capital.com) is a Washington, DC-based venture fund with over $350 million under management. The firm invests in a wide range of technologies with a particular focus on telecommunications hardware and software, wireless applications, enterprise software, network security, e-commerce, logistics and tracking, energy and power management in addition to web and communications services. Sample portfolio companies include Sourcefire, NexTone Communications, InPhonic, buySAFE, Roundbox, Trust Digital, Infinite Power Solutions, SwapDrive and IXI. To learn more, please email us at [email protected].

About JackBe

JackBe leads the Enterprise Web 2.0 revolution with innovative enterprise mashup software that delivers on the promise of business user empowerment. JackBe has created Presto, a family of products for enterprise mashup solutions that combines SOA and Ajax into enterprise mashups and rich Internet applications. Presto can deliver any data from any application to any user while meeting the toughest security and governance requirements. For more information, visit http://www.jackbe.com.