Sendmail, Inc. Receives Investment from the Intel 64 Fund, Morgan Stanley Venture Partners, and The Silicon Valley Band of Angels
EMERYVILLE, Calif.--(BUSINESS WIRE)--April 15, 2002--Sendmail, Inc. a leading provider of email solutions today announced that as part of a $14 million funding round, it has received follow-on investments from the Intel 64 Fund, Morgan Stanley Venture Partners and members of the Silicon Valley Band of Angels. Financial details were not disclosed.
Sendmail, Inc. is a provider of powerful and cost effective email solutions designed to meet the growing email communication needs of enterprises and service providers. The Sendmail Integrated Mail Suite provides a high-performance IMAP/POP message store, fault tolerant webmail and wireless email access, online calendaring and group scheduling. Sendmail Mailstream Manager is an enterprise email protection system, that delivers a rich suite of content management filters that can be managed from a central, secure console. Sendmail, Inc.'s solutions allow companies to cost-effectively address current and future email challenges.
"We are pleased to receive funding from all our investors," said Dave Anderson, president and CEO of Sendmail, Inc. "The investment capital will help accelerate the expansion of our product offerings and distribution channel."
About Sendmail, Inc.
Sendmail, Inc. builds the most powerful and secure email systems for large enterprises and service providers who depend on email to run their business. With proven technology and unmatched expertise, Sendmail works with customers to address their most complex messaging challenges. The result is dependable email infrastructure that is easy to manage and built to grow. The company is headquartered in Emeryville, Calif., with offices and distributors in Europe, Asia Pacific and North America. For more information on Sendmail, Inc., visit its Web site at www.sendmail.com or call 1-87-SENDMAIL or 877/363-6245.
About the Intel 64 Fund
The Intel 64 Fund is a quarter billion dollar equity fund that invests in emerging technology for servers and workstations utilizing Intel's Itanium(TM) processor family. The Fund is coordinated by Intel with Compaq, Dell, HP, Intel, NEC and SGI as co-investors. The Fund's other investors, managed by Morgan Stanley, include Bank of America, The Boeing Company, Circuit City, Ford Motor Company, General Electric, GlazoSmithKline, McKessonHBOC, Morgan Stanley, Reuters, Sabre, Sumitomo Corp., SunAmerica and Telmex.
Sendmail is a registered trademark, and Sendmail Mailstream Manager and Sendmail Integrated Mail Suite are trademarks of Sendmail, Inc. All other trademarks or registered trademarks are the property of their respective owners.
CONTACT: Sendmail, Inc. Barbel French, 510/594-5495 or Text 100 Public Relations Matthew Rodriguez, 415/836-5990 08:06 EDT APRIL 15, 2002