Our Story

Madaket was founded by the same team that in the early 2000s successfully built the first all-web, SaaS cloud subscription service for the financial services industry, IntraLinks. IntraLinks not only survived the bursting of the dot-com bubble – it thrived, raising $50m in early 2001. Our management team grew the IntraLinks solution into the market standard for complex communications in financial services industry transactions. In 2012, as momentum for change in the healthcare industry grew, the same team came together again to apply a proven solution to a new problem. We are using our expertise to become the organizing entity in the messy world of provider-payer enrollments.

Jim Dougherty, Co-Founder & Chief Executive Officer

Jim has almost 30 years of diverse operating experiences in IT and information services. He has served as CEO for a number of successful software companies, including Prodigy Business Solutions, IntraLinks and MetaMatrix. He spent his early career as General Manager of the Internet Division at Lotus Development Corporation and as Executive Vice President of Global Markets at Gartner Inc. Jim is a member of the Board and Trustees for numerous institutions, including the Foreign Policy Association in New York City and Beth Israel Deaconess Hospital in Boston. He is also a Senior Fellow at the Council on Foreign Relations in Business and Economics. Jim teaches entrepreneurship courses at MIT Sloan and Columbia University. He holds degrees from Framingham State, Harvard and Columbia universities. He lives in Boston with his wife and has three grown children.

Ted Achtem, Co-Founder & Chief Product Officer

Ted is a software executive with deep knowledge of SaaS / web products. He began his career at Savant Technologies, a boutique web consulting firm acquired by IntraLinks (SaaS platform for financial services industry). At IntraLinks, Ted rose to VP of Product Management leading many growth initiatives. Subsequently, Ted had a leadership role at LeadKarma (online marketing technology company) prior to co-founding Madaket. Ted holds a BS from MIT.

Mads Kvalsvik, Co-Founder & Chief Technology Officer

Mads is a seasoned technologist with a deep passion for creating technology platforms that solve business problems in a systemic way. Previously, Mads ran the digital side of Boathouse Group. At Boathouse, he led the incubation of SpeedBilly (auto sales) and PostPost (social search). Mads met Ted at MIT, co-founded Savant Technologies, and worked with both Jim and Ted as the VP Technology at IntraLinks. His background also includes work with CNN, NPR, BBC Technology, and a one-year stint as an Assistant Professor of IT in Norway.

Benedict Dsilva, Co-Founder & VP of Engineering

Benny has over 15 years of software engineering experience, working with a wide variety of object-oriented programming languages.  Prior to co-founding Madaket, he had spent the last 10 years building enterprise applications for the financial services industry, first as a engineer and later as an architect.  He has a masters degree in computer science from the University of Pune.