Doug Cobb Returns to Chrysalis

Business First of Louisville, May 11, 2010

Doug Cobb, former chairman and CEO of Appriss Inc., has joined venture-capital firm Chrysalis Ventures as entrepreneur-in-residence.

Cobb co-founded Chrysalis with David Jones in 1993. He left in 1997 to become the founding president and CEO of Greater Louisville Inc., the metro chamber of commerce.

In 2000, Cobb joined Appriss, a company that develops software products for the criminal justice sector.

Appriss was among the companies in which Chrysalis had invested. The firm was recapitalized in 2007, with investments by Bain Capital Ventures and JMI Equity.

Cobb is one of several new additions at Chrysalis.

Dr. Alan Ying has been named venture partner. He built a health care software company that was sold to Thomson Reuters and more recently managed private capital being invested in health care IT companies.

Jill Force has been named chief operating officer. She previously was CFO of Rehab Designs of America and served for a decade as general counsel of Vencor Inc.

Derek Fricke has been named an analyst. He recently worked as an associate for BIA Digital Partners, a private equity and mezzanine investment fund based in the Washington, D.C. area.

And Greg Foster, who is based in Atlanta, has joined Chrysalis as an entrepreneur-in-residence. He most recently served as a partner at Noro-Moseley Partners and also was founder and CEO of Southern Direct. He served as vice president of corporate development for Turner Broadcasting after the parent company of CNN, TBS, TNT and other cable channels bought Southern Direct.

“Chrysalis continues to see great opportunities in the health care and technology sectors,” David A. Jones Jr., chairman and managing director of the firm, said in a news release. “In an increasingly dynamic environment, we think it even more important to expand our network of experienced executives who can help ensure our entrepreneurs’ visions will become reality.”

For more information on Chrysalis, visit Web site www.chrysalisventures.com.

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