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AJAXWorld Charter Sponsor JackBe Closes $9.5M in Funding

The Company That's Putting Enterprise Mashups on the Map

The company that's putting Enterprise Mashups on the map, JackBe, has just received the largest investment in Enterprise Mashup technology to-date: $9.5 million. A charter sponsor of the AJAXWorld Conference & Expo series, JackBe has been taking AJAX to the enterprise in various ways since its foundation in 2001, most especially since the launch of its Presto platform.

The new round comes from Harbert Venture Partners and Core Capital Partners, as well as from existing investors Intel Capital, Darby Technology Ventures and Blue Chip Venture Company.

Presto was launched as JackBe's REA platform - for Rich Enterprise Applications - a year ago. Since then Presto's secure, scalable enterprise-grade architecture has won the company major client after major client, putting it at the forefront of bringing complete AJAX-based solutions to the enterprise.

“Our new platform goes beyond current Enterprise Web 2.0 technologies to help optimize and streamline the actual business activities, increasing the speed and accuracy of decision-making by business professionals,” said JackBe CEO and co-founder Luis Derechin (pictured below speaking at AJAXWorld) last year, as JackBe used the occasion of AJAXWorld Conference & Expo 2006 West to announce what it positioned as "the industry’s most comprehensive solution for delivering enterprise AJAX applications based on SOA and Web services," its Presto REA platform.

“These ’long tail’ composite applications integrate other existing SOA services and processes to address high-value business needs that would not be funded or built based on traditional IT priorities,” added JackBe CTO John Crupi (pictured below speaking at AJAXWorld). 

Proof of concept was not long in coming and by February 2007 JackBe had to close the product beta program due to oversubscription.

“The huge interest in our Presto Beta Program demonstrates the growing market demand for enterprise Web 2.0 technologies that conform to far higher corporate standards for security and governance,” said Derechin in February.  “Companies have made significant investments in establishing SOA infrastructures and are now looking to AJAX technology to accelerate the benefits and ROI.”

Today's announcement continues JackBe's considerable momentum. In late 2005, the company raised $6.5 million in series B funding led by Blue Chip Venture Company. Also participating were Maryland's Department of Economic and Business Development and original JackBe investors Darby Technology Ventures and Intel Capital.

JackBe will giving a technical session at the upcoming SOA World Conference & Expo 2007 West, in which Deepak Alur and Raj Krishnamurthy  will ‘talk the talk’ about Enterprise Mashups, outlining a working model for mashups in the real-world context of the heterogeneous enterprise, introducing and demonstrating a visual mashup interface and flexible declarative mashup language to encapsulate and implement mashups in any enterprise.

More Stories By RIA News Desk

Ever since Google popularized a smarter, more responsive and interactive Web experience by using AJAX (Asynchronous JavaScript + XML) for its Google Maps & Gmail applications, SYS-CON's RIA News Desk has been covering every aspect of Rich Internet Applications and those creating and deploying them. If you have breaking RIA news, please send it to [email protected] to share your product and company news coverage with AJAXWorld readers.

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