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Maryland-based JackBe mashes up $1.5M headed toward $5M

Monday, November 22nd, 2010

JackBe logoCHEVY CHASE, MD- JackBe Corp., the Chevy Chase-based company selling mashup software, has raised $1.5 million of a mixed securities round aimed at $5 million, according to a regulatory filing.

The company previously raised about $24 million in venture backing, including $3.5 million of mixed securities it sold existing investors in April.

Founded in 2002, JackBe started as an AJAX widget company but now sells products and services to help clients boost their competitive differentation, online revenue and sales conversions. It also helps reduce support costs allows re use of data assets and improves customer satisfaction and retention, the company says.

Investors cited as principals in the filing with the US Securities and Exchange Commission, where JackBe disclosed the raise, include Jonathan Whittle of DC-based Darby Technology Ventures; Dov Rosenberg, of Cinncinati-based Blue Chip Venture Company; Kenneth Thomas Roberts of Birmingham, AL-based Harbert Management Corp., Pascal Luck of DC’s Core Capital; and also Kenneth Krieg of Arlington, VA-based Renassance Strategic Advisors.

CEO Luis Derechin, who started JackBe with his brother Jacobo, previously founded D’Hogar, a retail firm, and AviMed, which sells software.

JackBe’s Presto family of products provide users with self-service data access and enterprise-grade mashups all within the browser to make more effective decisions and independently complete daily tasks.

Users can mash up data from a variety of sources, ranging from databases and RSS feeds to SQL and Keyhold Markeup Language, Web Map Service and Java objects, among others. The information can be mixed in views such as maps and graphs that can be joined, filtered, and annotated.

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