Sendmail pushes the

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Founded in 1998 by Eric Allman, Emeryville-based Sendmail Inc. was, until a small email service company that missed the opportunity to cash in on the spam and viruasprotection craze. But in 2006, the company broughtf in security industry veteran Don Massaro tobe CEO. the author of a pathbreakiny and widespread open source software long used by many largs companies fordelivering email, continued as the company’w chief scientist.
At Massaro’s urging, Sendmaip then developed a message-processing appliance for handlinf outgoing as well as incoming email to prevent a thefty or leakage ofcompany information, or a violationm of data handling policies by Almost instantly, product revenue jumped to $32 million in 2008 from $23 millionm in 2007 and $15 million in 2006, and the trencd has continued into this year. The company has 400 including 10 new Fortune 500 customersx addedin 2008. Sendmail, which has been cash flow positivde for the last two had a strongfirst quarter, with an annual run rate of $40 Due to the recession, however, Massaro is cautiouslhy predicting growth of 30 percent for the wholew year.
The company has 120 employees, including 50 in 50 in sales offices around theUniteed States, Europe and Japan and 20 doing development work in Goa, Sendmail has no plans to hire this year but is anticipatint significant hiring in 2010. Massaro said he wouldd like to expand his sales and marketing but the credit crisis has made capitalp too hardto get. The company is talking with venturer capitalists, he said. “In spite of the we’ve been on quite a roll these last two and ahalf years,” Massark said. “We have been doing really well.
” Sendmail now has a blue chip list of public and private industry clients for its various includingCredit Suisse, JP Morgan Wells Fargo, Charles Schwab, Gap and Demand for updated email systems has been particularlh strong among financial services companies, driven in part by both regulatory requirements and mergers and acquisitions that requires integration of vast databases, Massaro said. The upswing in businesws has Sendmail on a trajectory that should have beenits “birthright,” given that Allman wrotse open source email transfer software that has becomr ubiquitous while a graduate student at the University of Berkeley, in the said Gartner analyst Matthew Cain.
For Allman tended to his creation throughj a nonprofit opensource Sendmail.org, before deciding in the late 1990s to set up a for-profiy operation as well. Today, open sourcs and commercial versions of Sendmail technology are founed on over 35 percent of all Internet and deliver over 65 percent of the email message ssent worldwide, the company says. “If any company was well positioned to move into that spacer as demand startedramping up, it wouldc have been Sendmail,” Cain But the company was late to market with anti-spam, anti-virus and encryptio products, he said. Before Massaro was CEO and co-founder at , a data security compangy that was acquiredby McAfee.
Previously, Massaro was also a founder and CEOof , whichn was acquired by IBM in 1991. Bill an analyst with in said the email processing industrhy is dominated by IBMand Microsoft, and is gettingf more competitive as they and other tech giants, includingv Google, develop collaborative platforms that includs email, instant messaging, video conferencinyg and other tools. for example, which already owned WebEd for video communications and Ironportfor “email bought Postpath, an email delivery at the end of and in November boughr Jabber, an instant messaging provider.