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JackBe adds $5 Million, appoints Wayne Jackson as Chairman

By SiliconIndia | Friday, 19 December 2008, 03:10 Hrs

Fremont: JackBe, a provider of enterprise mashup software, has announced that it has closed a $5 million round of funding and appointed software industry veteran Wayne Jackson as its new Chairman of the Board.

The $5 million funding was secured from existing investors including Harbert Venture Partners, Core Capital Partners, Blue Chip Venture Company, Intel Capital, and Darby Technology Ventures. The investment will be used to expand sales, marketing, and partner activities worldwide.

"JackBe has truly established itself as an organization that can turn innovative technology into practical business solutions," said Pascal Luck, MD at Core Capital Partners. "Our investment in JackBe is because of the strength of the market in which they operate."

Jackson, former CEO of Sourcefire, brings a wealth of executive experience in building successful high-growth technology organizations. While serving as CEO at Sourcefire, Jackson led a team that grew annual revenues to more than $70 million and managed a rare IPO in March of 2007. Prior to Sourcefire, he co-founded Riverbed Technologies which was acquired by Aether Systems in March of 2000 for approximately $1 billion.

"As an early investor and an active member of JackBe's board, I am thrilled to have Wayne join us in building this great company. I am confident that his experience makes us an even stronger and more competitive organization," said Chris McLeary, venture partner at Blue Chip Venture Company.

"Wayne is the perfect addition to our leadership team as we consider the additional strategic opportunities this funding brings us," said Luis Derechin, CEO of JackBe. "Wayne will be an invaluable resource for our company. I look forward to working closely with him as he evaluates our market position and aligns JackBe with strategic growth initiatives."

"JackBe has emerged as a highly regarded thought-leader in the rapidly growing Enterprise Mashup category," said Wayne Jackson adding, "Their Presto Enterprise Mashup Platform is unrivaled in its ability break down information silos and improve enterprise decision-making."

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