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Nsite Secures New Funding, Appoints New CEO
[June 08, 2004]

Nsite Secures New Funding, Appoints New CEO

PLEASANTON, Calif. --(Business Wire)-- June 8, 2004 -- Worldview Technology Partners Invests in Nsite; Bob Jandro Joins as President and CEO

Nsite, the industry leader in on-demand, self-learning business process automation solutions, announced today that it has secured a Series B financing in the amount of $6 million, led by venture-capital firm Worldview Technology Partners. Nsite also announced the appointment of Bob Jandro as President and Chief Executive Officer.



"There is tremendous excitement right now about the software-as-a-service model for delivering enterprise solutions, and we've had great customer momentum in 2004," said Nsite founder Paul Tabet. "With the additional funding and the arrival of Bob Jandro to lead our management team, we are now prepared to expand our sales, marketing, and distribution channels to clearly establish Nsite as the market leader for on-demand business process automation solutions."

Prior to joining Nsite, Jandro served as Executive Vice President of Global Sales and Services at ONI Systems. During his tenure, ONI was the fastest growing company in Silicon Valley, achieving revenues of $60 million and $200 million for 2000 and 2001 and completed a successful IPO and secondary offering. Previously, Jandro was the Oracle Group Vice President for the Communications and Utilities industries, representing $400 million in revenue. Before joining Oracle, he spent 14 years at Tandem Computers, where he was Managing Director for EMEA.


"Nsite's hosted, subscription-based service allows users to rapidly improve their exception-based, unstructured processes without the time and expense of traditional enterprise software projects," said Jandro. "I'm looking forward to working with the Nsite team to deliver exceptional value to our customers with a guaranteed commitment for support."

In addition to his management role, Jandro has also been appointed the Nsite Board of Directors. Colin Savage, General Partner, and Pete Goettner, Executive in Residence of Worldview Technology Partners, have also joined the Nsite Board.

"Having first-hand experience in running a hosted software-as-a-service company, I have spent the past twelve months looking for best-in-breed solutions that address big markets with an elegant and easy-to-deploy hosted model," said Goettner, Executive in Residence at Worldview Technology Partners, and founder and former CEO of DigitalThink. "Nsite is the only company I've seen that fits these criteria. I was immediately impressed by the loyalty of Nsite's customers, all of whom are using Nsite to solve real-world problems that every company faces."

About Worldview Technology Partners

Founded in 1996, Worldview combines a focused investment strategy in emerging IT technologies with international value-added services. Worldview's unique international value-added services team enables Worldview's portfolio companies to more easily penetrate global markets for customer, supplier, and manufacturing relationships. It also serves as a valuable source of market information and customer feedback. Worldview has an investment office in Palo Alto and business development offices in Tokyo, Shanghai, and Frankfurt. Worldview has more than 75 companies in its portfolio with $1.4 billion under management. For more information, please visit http://www.worldview.com.

About Nsite

Nsite is the industry's only on-demand, self-learning solution to automate and improve business process. Delivered as a subscription-based service via the web, Nsite enables continuous improvement of user-driven business processes for small and medium-size organizations. Today, thousands of users around the world are accessing Nsite to automate a wide variety of business processes. Founded in 1998, Nsite is headquartered in Pleasanton, California. For more information, call 925-249-4100, or visit www.nsite.com.

Nsite is a trademark of Nsite, Inc..

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