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One of the hot things in software is the "mash-up." Basically, this is combining different web applications to create a new one. A classic example is mashing-up Google (NASDAQ: GOOG) Maps with a database of customer contacts.
A top player in the mash-up space is JackBe. Actually, this week the company announced a new round of capital of $9.5 million. The investors include Harbert Venture Partners, Core Capital Partners, Intel Capital (NASDAQ: INTC), Darby Technology Ventures and Blue Chip Venture Company.
Despite its funky name, JackBe has created very serious technology and helps improve complex information technology (IT) environments. Some of its clients include Nutrisystem and Tupperware.
However, JackBe must contend with some tough rivals, including IBM (NYSE: IBM) and BEA Systems (NASDAQ: BEAS). In fact, IBM recently launched a new mash-up system (which, based on the demo I saw, was pretty good).
Also, visit DealProfiles.com to check out other VC activity.
Tom Taulli is the author of various books, including The Complete M&A Handbook
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