Paula Jagemann

Paula Jagemann

   Paula Jagemann is Founder and Director of eCommerce Industries, Inc. (ECI²), a $30 million software company founded in 1999. The company’s software focuses on accounting and inventory management for small-to-medium sized businesses in office products and other reseller-intense industries, including janitorial/sanitary products and industrial paper.
   Ms. Jagemann raised $89 million in venture capital from Accel Partners, New Enterprise Associates (NEA) and FBR and in private fundraising efforts to help the company grow and conclude five acquisitions. Ms. Jagemann grew revenue from zero to $28 million with EBITDA profits of $2.5 million (projected year-end 2004) in a very difficult economic climate. These acquisitions, including one in the United Kingdom, granted the company a dominant position in the software vertical markets where the company operates. 220 employees in the United States, Canada and the United Kingdom service ECI²’s 2,500 customers, who rely on the company’s software to transact billions of dollars of transactions each year.
   As Founder and Chief Executive Officer of OnlineOfficeSupplies.com from 1998-2000, Ms. Jagemann took the first pure-play office products dealer online and grew the revenues from $0 to $20 million per year in just 18 months. She sold the Ijamsville, Maryland-based company in 2000, to focus on the core expertise of software development, hosting and management vs. selling office products over the Internet.
   Previously, Ms. Jagemann was Vice President of Investor Relations & Public Relations and Vice President, Communications Office of the Chief Executive Officer for UUNET Technologies, Inc., (now owned by WorldCom/MCI) from 1994-1998. As Employee #33 at one of the first seven deregulated Internet Service Providers (ISP) in the nation, based in Fairfax, Virginia, Ms. Jagemann helped UUNET grow to become the largest ISP in the world, growing from 33 employees in 1994, to over 10,000 and from revenues of $12 million in that same year to $7 billion five years later. Her duties included marketing, public relations and assisting the company through the various stages of the 3rd most successful Initial Public Offering (IPO) on NASDAQ in 1995, including the preparation of its registration statement and public offering documents and beyond. Goldman Sachs and Hambrecht and Quist led the offering. UUNET was sold to MFS in August of 1996, for $2 billion; and, then, both MFS and UUNET were sold to WorldCom for $14 billion only six months later.
   Ms. Jagemann graduated Cum Laude from Hood College with a B.A. in Economics. She received the Larry T. Campbell Memorial Prize from the Department of Economics. She is a lifetime member of both the Phi Kappa Phi and the Omicron Delta Epsilon organizations. Ms. Jagemann is currently attending Hood College’s Graduate Degree program.
   Ms. Jagemann is the President of the Frederick Innovative Technology Center, Maryland’s first and only bioscience and information technology business incubator. She is also a Board Member for Woman’s Business Network in Frederick, Md. and for Women in Technology (WIT) in Northern Virginia. Ms. Jagemann founded WIT’s Education Foundation that focuses on bringing financial contributions, programs, volunteers and mentorship to girls aged six to seventeen. She received The Executive Leadership Award in 2001 from WIT for “acting as a role-model for women in technology.” In 2004 she received The National Woman Business Center’s Leadership Award. She was a Board Member, 2000-2002, for The National Committee for Entrepreneurship, funded by the Ewing Marion Kaufmann Foundation’s Kauffman Center for Entrepreneurial Leadership. Ms. Jagemann was an Ernst & Young Entrepreneur of the Year Finalist in the year 2001, was nominated by Bill Gates for the Computer World Smithsonian Award in 1998, and was also awarded Microsoft’s Ecommerce Solution of the Year with over 3,000 entrants.