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News on messaging, content control, compliance, e-discovery, data leak prevention
Daily Digest: April 27, 2009
 
Compliance

Clearwell E-Discovery Platform Deployed In-House at Toyota Motor Sales, U.S.A.
Clearwell Delivers Cost-Effective and Defensible In-House E-Discovery
Comment on Clearwell 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.

GFI products help UK charity to meet email compliance laws and to tackle spam  
Comment on GFI here

ESPC to Adopt Suppression File Encryption  

Apimac releases Encrypt Mail 1.0 for Mac OS X - Strong Email Encryption  

Messaging & Collaboration

Abaca's Industry-Leading Anti-Spam Solution Now Available for the World's Leading Service Providers
Abaca CLX Anti-spam Solution Essential for Email Service Providers with Millions of Users, Guarantees 99 Percent Accuracy in Email Filtering with Industry-Leading System Performance

Axceler Launches ControlPoint 3 for Microsoft SharePoint Administration
New Features Include Proactive Alerting, Moving Sites, and Scheduled Analysis

Mirapoint Messaging Products Solve All Aspects of Business Email Security and Archiving  

BoxSentry Launches Innovative Technology to Minimise Missing Business Email, Restore Email Integrity
Industry-first technology to protect legitimate business communications

Blog Item(s)

Carrier Messaging Vendor Bizanga Gets $8M Venture Funding

Bizanga makes highly scalable email management software that it sells to large telcos and other service providers. On February 17, 2009, it announced it had raised new equity funding of $8M.

Products and Competitors:

  • Sells email processing software to large telcos and messaging services providers.
  • Highly scalable, runs on loosely linked commodity PCs, works with a variety of third-party products to address such issues as spam and virus control, encryption, and archiving.
  • Main competitors are IronPort, Message Systems, and Openwave. Critical Path and Mirapoint are secondary competitors.
  • Acquired its first customer in November 2004; first U.S. customer, Cox Communications, a year later.

Trading Performance:

  • Company has healthy growth and has consistently operated at close to breakeven.

Funding History and Transaction Summary:

  • 2003: Founders provide $1 million.
  • 6/2006: 1 million euros/$1.5 million from Galileo Partners.
  • 12/2008: $8 million from Credit Agricole Private Equity, Galileo Partners.

Investor Interest and Motivations:

  • Company's success with Tier 1 service providers, such as Comcast and Telefonica, in North America and Europe.
  • Caliber of Bizanga's management team.

CEO Jerome Lecat's advice to other fund-seekers in today's climate is:

  • Funding marketplace will take a long time to revert to normal, probably not until late 2010.
  • Most U.S. funds are now investing only in their portfolio companies and early-stage ventures. European funds are more likely to invest in mid-stage companies.
  • Valuations are down. Had the round closed in June rather than December 2008, the valuation would have been 20% higher. Given that Bizanga is growing quickly, this may translate to Series B and C valuations being down 50% on six months to a year ago.
  • Series A funding valuations may be more or less unaffected, since investors recognize that the entrepreneur has to be properly motivated.
  • It appears that valuations are down less in Europe than in the United States: perhaps 20% down in Europe, compared with 50% down in the United States.
  • If at all possible, show a business that is profitable or that can be profitable if management chooses.
  • Expect the funding process to take at least six months.
  • Don't be too greedy with valuations.
  • Look to your earlier investors as a very good source for additional funding.

... 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

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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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