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News on messaging, content control, compliance, e-discovery, data leak prevention
Daily Digest: April 24, 2009
 
Compliance

MessageSolution Releases Cost-Effective Enterprise Email Archive Professional Edition to Help Organizations Beat Economy with Faster Implementation
Comment on MessageSolution here

Survey of Spam Control Products, and Survey of Archiving Products -- See what others think of these products/services. If you add your own data, we will send you a summary of the findings.

Websense Trumps Symantec, McAfee, RSA in Data Loss Prevention Category at SC Magazine Awards Ceremony
Company Takes Home Two 2009 SC Magazine Reader Trust Awards for Best Web Filtering Solution and Best Data Loss/Leakage Prevention Solution
Comment on Websense here

Daticon EED Reduces eDiscovery Cost and Risk Through Continuous Improvements in Production Capabilities
Discovery Partner's enhanced features ensure the most timely and accurate productions for law firms and corporations

Webroot Announces Policy-Based Email Encryption Service to Protect Personal Information and Confidential Data
New Partnership with Email Encryption Leader ZixCorp will integrate award-winning technology into next release of Webroot Email Security SaaS

Messaging & Collaboration

NaviSite launches a mid-tier Dedicated Exchange Hosting solution
The new Dedicated Exchange 2007 solution provides dedicated, fully managed Exchange environment with easy-to-understand per user pricing

Novell Introduces GroupWise Competitive Migration Offer for Microsoft Exchange and Lotus Notes Users
GroupWise licenses will be free to companies who move to world's most secure collaboration environment

VIA Rail Awards Contract for Spam Filtering to ZEROSPAM for Optimal Resource Savings
Via Rail opts for Managed Email Security and selects a top Canadian provider

GateSoft to Distribute AXIGEN's messaging solutions in Italy  

Blog Item(s)

Spam Control Vendor Sendio Gets $3M Venture Funding

Sendio makes an email threat protection appliance, with special emphasis on spam control. On February 9, 2009, Sendio announced it had raised new equity funding of $3M.

Products and Competitors:

  • Appliance that protects against email-based threats, including spam, viruses, and phishing.
  • Challenge/response is a key element of the protection infrastructure.
  • Product launched in January 2004.
  • Main competitors are Barracuda, Cisco (through IronPort acquisition), and Google (through Postini acquisition).
  • Spam control seen by Ferris Research as a mature and highly competitive market.

Trading Performance:

  • Sendio has not yet attained significant revenues or breakeven.

Funding History and Transaction Summary:

  • Prior venture funding of $6M.
  • Current Series B financing of $3M.
  • As revenues have not yet taken off, the business was valued on a Series A basis.
  • Athenian Venture Partners is lead investor, accompanied by prior investors Momentum Venture Management, Shepherd Ventures, and Vicente Capital.

Investor Interest and Motivations:

  • Mainstream VCs generally declined the opportunity. They are largely reluctant to invest at present, other than in current portfolio companies or early stage.
  • The new investor, Athenian, likes the use of challenge/response, which it sees as a potentially disruptive spam control technique.
  • Existing investors are providing continuing support for the company during difficult market conditions.

CEO Tal Golan's advice to other fund-seekers in today's climate is:

  • VC funding market is tough at present, but may pick up from Q309.
  • Strategic partners--such as Cisco, IBM, Intel, and Microsoft--are a good way to seek capital, plus they may give stockholders an exit option later on.
  • It's good to use your personal network to find sources of funding.
  • Investors network with each other. So, for example, investors you know personally can introduce you to other prospective investors.

... David Ferris

(Comments?)


Latest Buzz ... Email Archive Migration: Plan for Stubbing

We hear that Kazeon is in acquisition talks with Symantec. Any further information is welcome--please contact David Ferris at david.ferris@ferris.com or +1 415 367 3436.

Below are various active gossip threads on current events in the industry. To contribute information, follow the appropriate link or see our Gossip page for other vendor threads.


Upcoming Webcasts

Recent Messaging and Collaboration Fundings
Wednesday, April 29, 2009
8:30 a.m. Pacific, 11:30 a.m. Eastern, 4:30 p.m. U.K., 5:30 p.m. CET. One hour.

The severe global recession has made it difficult for emerging companies to raise money. The number of fundings is roughly half its normal rate, and valuations are similarly reduced. In this webcast, we speak with Marc Olson of Nayatek and Tal Golan of Sendio, two messaging companies that recently completed a funding round. They'll discuss, among other things, how they raised the money, the main investor concerns, and how the funds were used. They'll also provide advice on fund-raising do's and don'ts.

To register for the webcast, click here. For more information, click here.

Recent Research

Recent Reports Available:

For more reports, visit our reports page.

Recent Ferris Webcasts:

About Ferris Research

Messaging. Collaboration. Compliance. Ferris Research analysts bring more experience in these areas than any other firm. Period.

Major areas of interest are email, archiving, e-discovery, information leak prevention, unified communications, instant messaging, SharePoint, and mobile communications. We help:

  • IT staff evaluate, implement, and maintain these technologies
  • Vendors understand the marketplace and its technologies; explain their products or services to the marketplace; and find strategic partners, raise funds, or sell their company
  • Investors find and evaluate investment opportunities

We've been in business since 1990-longer than any other analyst firm in our field:

  • Clients include many of the world's largest organizations as well as computer vendors from major corporations to small startups.
  • We have published more than 200 formal reports and 1,100 short bulletins.
  • Our news service has approximately 10,000 readers and covers more than 2,000 highly specialized announcements annually.
  • Our research team shares many decades of experience in our core competencies.

In short, our technology and industry depth helps you understand today's products, where they've come from, where they're going, and their value.


Have news you want to share with us or product or interest area that you would like us to cover? Send press releases to releases@ferris.com.

Copyright © Ferris Research 2008.


 


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