frevvo is privately owned by its employees and by Connecticut Innovations through an investment in frevvo.

Created in 1989 by the Connecticut Legislature, Connecticut Innovations (CI) is a quasi-public organization whose mission is to strengthen the state's economy by accelerating the growth of a vibrant, high-technology community. The organization makes equity investments in early-stage Connecticut technology companies focused in bioscience, information technology, photonics, and energy and environmental systems.

For more information, please visit Connecticut Innovations.

Ashish Deshpande is the Chief Executive Officer of frevvo Inc. In this role he oversees the corporate and business development activities of the company.

Prior to founding frevvo, Dr. Deshpande was a founder and member of the Senior Management Team at Metaserver Inc., a business process management firm in New Haven, CT. In that capacity, he was instrumental in attracting over $40M in investment from top venture capital firms, selling and successfully deploying the product at companies including Lincoln Financial Group and Phoenix Life Insurance Company, licensing key components of the technology to Pervasive Software Inc., and selling the company to Whitehill Technologies Inc. in Summer 2005. He also played a key role in obtaining a patent for the Metaserver technology.

Dr. Deshpande brings significant experience in all areas of managing a software company including Sales, Professional Services, Marketing, Engineering, HR and Finance as a member of the Senior Management Team.

Dr. Deshpande received a PhD in Computer Science from Yale University, and a Bachelor of Technology in Computer Science and Engineering from the Indian Institute of Technology, Bombay, India.

Maneesh Sagar is a Director of investments at Connecticut Innovations and is responsible for sourcing, evaluating, investing in and managing portfolio companies, primarily in the information technology sector.

Connecticut Innovations was an investor in a Shelton-based software company that Maneesh co-founded and was instrumental in growing, NeuVis (acquired by IBM Rational). He has over fifteen years of hands-on operational experience with technology start-ups including DataEase (acquired by Symantec) and Vendavo. Maneesh has worked with Fortune 500 companies as a management consultant at Booz Allen Hamilton. He has held positions in corporate and business development, enterprise sales, product marketing and executive management.

Maneesh graduated magna cum laude from Ohio Wesleyan University with a BA in economics management and an MBA from Columbia Business School. He is actively involved with, and is a speaker for, events hosted by the Connecticut Venture Group (CVG), The Indus Entrepreneurs (TIE) TriState, Yale Entrepreneurial Society (YES), Connecticut Technology Council (CTC) and Columbia Business School.