Funding Bolsters Growth Strategy for Enterprise Mashup Software Leader
Washington, D.C. (December 16, 2008) – Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, today announced its participation in a $5 million round of funding for JackBe, a leading provider of enterprise mashup software. The capital will support sales and marketing initiatives for JackBe’s award-winning enterprise mashup software product, Presto.
JackBe’s enterprise mashup software solves the quintessential information problem: accessing and combining data from disparate internal and external data sources and software systems to support timely decision-making. JackBe enables application developers and end users to make more effective decisions and independently complete daily tasks through self-service data access while meeting the toughest enterprise security and governance requirements.
“Mashups can greatly enhance the enhance productivity, adaptability and return-on-assets of an enterprise. JackBe’s Presto Enterprise Mashup Platform delivers on this promise with a scalable, secure enterprise-grade solution,” said Pascal Luck, managing director of Core Capital Partners. “As an award-winning thought-leader in this market, JackBe is uniquely positioned for significant growth.”
Luis Derechin, CEO of JackBe, added: “Our continued relationship with Core Capital Partners reinforces our position in the enterprise mashup industry. Core Capital Partners plays a critical role in shaping our corporate development initiatives and JackBe’s collaboration with Core enables us to further accelerate our mission of transforming this innovative web concept into a practical business solution.”
JackBe delivers trusted mashup software that empowers organizations to create, customize and collaborate through enterprise mashups for faster decisions and better business results. JackBe’s innovative Enterprise Mashup Platform, Presto, provides dynamic mashups that leverage internal and external data while meeting the toughest enterprise security and governance requirements. Presto provides enterprise mashups delivered to the user in 3 clicks versus 3 months. For more information, visit www.jackbe.com.