Novak Biddle and Several Portfolio Company Executives Among "Washingtonian's Top 100 Tech Titans"

Bethesda, MD, May 13, 2009 — Novak Biddle Venture Partners (NBVP), the Greater Washington, DC metro region's premier early stage IT venture fund, is pleased to announce that the firm and several of its general partners and portfolio company executives were named to the Washingtonian's listing of the top 100 leaders of the D.C. region's tech world. NBVP is dubbed "the area's top venture capital firm" while co-founders Roger Novak and Jack Biddle are named as tech leaders along with general partner Phil Bronner.

The following senior managers of NBVP portfolio companies were also acknowledged as key players in the Washington region's tech community:

John Becker, CEO, Approva Corporation — develops enterprise software that enables the management, analysis and monitoring of critical business transactions and processes.

Michael Chasen, president and CEO, Blackboard, Inc. (NASDAQ; BBBB) — provides a complete suite of enterprise software products and services that power a total "e-Education Infrastructure" for schools, colleges, universities, and other educational providers.

Raul Fernandez, chairman and CEO, Object Video — produces intelligent surveillance systems based on advanced machine vision.

Haroon Mokhtarzada, co-founder and CEO, Webs.com — offers a site building platform and global online community of web publishers.

Hooman Radfar, co-founder and CEO and Justin Thorp, community manager, Clearspring Technologies — provides widget syndication services to emerging and established media companies. Each member of its board of directors is also included in the Washingtonian listing.

The Titans list appears in the May 2009 Washingtonian Magazine.