News & Events

JackBe Appoints Julius Genachowski to Board of Directors

Former IAC/InterActiveCorp. Executive Joins Leading Enterprise AJAX Company

Chevy Chase, MD - April 11, 2006 - JackBe, the leading provider of enterprise AJAX solutions that advance the online experience, today announced the appointment of Julius Genachowski to its board of directors.

JackBe is the third successful company founded by Luis and the second that he has founded with his brother Jacobo. While all of the Derechin businesses have been founded in Mexico City, each of the businesses has been an international business. Additionally, each of the businesses has been unique while building upon concepts from the previous business. With a proven track record, Luis has become known for identifying clear market opportunities, lining up solid solutions with distinct competitive advantages, gathering an early core of notable customers and delivering results to customers, financial backers and market supporters.

Genachowski, most recently chief of business operations and a member of the office of Chairman Barry Diller at IAC/InterActiveCorp., brings a wealth of business experience to JackBe's board of directors. He spent eight years at IAC, where he helped grow the company into one of the world's largest e-commerce and new media firms. During his career, he has served as a member of the boards of directors of public companies including Expedia, Inc., Hotels.com and Ticketmaster; he served on the board of advisors of the video search company Truveo until its recent sale to AOL. Genachowski currently serves on the boards of directors of The Motley Fool, Website Pros and Beliefnet. He is the co-founder of Rock Creek Ventures, an investment and advisory services firm, and is also a founding organizer of a new commercial bank focusing on clean tech, renewable energy, green businesses and resource-efficient projects.

JackBe has grown quickly by providing solutions for banks and other Global 1000 enterprises that improve the responsiveness of their web-based applications. Within two years JackBe-enabled applications are in production for more than 2,000,000 end users. JackBe-enabled enterprise applications operate more naturally, respond 20x faster and work without modification of the end user's workstation. The model of growth and expansion underway at JackBe is a direct result of the past experience of Luis and Jacobo Derechin.

"We're thrilled to have Julius join the JackBe board of directors and share his vast network and experience at growing successful companies," said Luis Derechin, president and CEO of JackBe. "JackBe is at the forefront of bringing complete AJAX-based solutions to the enterprise, and having Julius on the team will help us better leverage our early leadership position and capitalize on the significant opportunity in front of us."

Genachowski joins JackBe board members Christopher McCleary (chairman), director at Blue Chip Venture Company; Luis Derechin, president and CEO of JackBe; Adam Joseph, president and CEO of VRGateway; and Jonathan Whittle, principal, Darby Technology Ventures Group. Ray Dizon, partner at Maryland Venture Fund/DBED, and Erik Lopez, strategic investment manager for Intel Capital, serve as board observers.

Today's announcement continues JackBe's 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. McCleary, former chairman and CEO of both USinternetworking, Inc. (USi) and DIGEX, was named JackBe Chairman at the time of the financing.

About JackBe Corporation

JackBe provides products and services that leverage Ajax and SOA to deliver real business benefits, including competitive differentiation, increased online revenue and sales conversions, higher customer satisfaction and retention, lower support costs, and re-use of data assets. JackBe enables businesses to increase revenue and profits by improving the usability of their Web applications while leveraging their investments in SOA architectures.

Headquartered in Chevy Chase, Maryland, JackBe's satisfied clients already include more than 30 industry leaders worldwide supporting more than 4 million end users. Customers include Forbes, Citigroup, McKesson, Tupperware, Sears, Banamex, and the U.S. Defense Intelligence Agency. The company's deployments and deep expertise span the financial services, government, e-commerce and telecommunications sectors.

More information about JackBe is available at www.jackbe.com, by email at info@jackbe.com, or by phone at 240-744-7620.