They say that the market for M&A is dead. But, I am pleased to report that my company, InBoxer, Inc. was just acquired by Safecore, Inc. The combined company has a full range of email archiving and electronic discovery products from hosted SAAS software to an on premises appliance.
What really excites me is the future opportunity. We have already started work on a hybrid product that gives fast archiving and indexing with highly secure off-site storage with unlimited growth capabilities. (More on that to come.)
I will become Executive Vice President of the company. Also, I plan to continue to write Death By Email.
Here is a copy of the press release from this morning:
Safecore Completes Acquisition of InBoxer
Safecore Now Delivers Full Range Of Archiving, Compliance and Discovery Capabilities For Hosted (SAAS) and On-Premises Markets.
Burlington, MA (PRWEB) May 5, 2009 -- Safecore, Inc. completed its acquisition of InBoxer,Inc
of Concord, MA on Friday to create the first company that offers both
hosted and on-premises archiving, compliance and discovery services. By
combining Safecore's state-of-the art, compliant on-demand services and
InBoxer's real-time archiving appliance with advanced language
technologies, Safecore will create a broad product range for managing
electronic records.
"The market for email archiving
is experiencing explosive growth driven by an increase in regulatory
requirements to maintain email as a corporate record, produce email as
evidence in litigation, and protect the corporate intellectual property
that exists in every corporate messaging system. We have seen a global
need to offer both a hosted and on-premise solution. The addition of
InBoxer's technology immediately addresses this need," said Stephen
Catanzano, CEO of Safecore. "The InBoxer team and technology are
extraordinary. Combined we will be immediately offering new market
driven solutions."
Safecore currently processes millions of email, Instant Messages and
Bloomberg mail for prominent companies in financial, life science,
healthcare, manufacturing and other industries and addresses both
domestic and global business requirements. The InBoxer Anti-Risk
Appliance provides real-time archiving, search and electronic discovery
capabilities for leading organizations in government, education, food
processing, and financial services.
"InBoxer's sophisticated language technology will enhance Safecore's full range of archiving products with advanced electronic discovery
and knowledge management capabilities. It will be part of our full
range of solutions, including our planned hybrid offering with
on-premises capture for immediate access and secure hosted services for
long-term compliance," said Roger Matus, former CEO of InBoxer and now
Executive Vice President of Safecore.
Currently more than 150 organizations and 150,000 users worldwide
rely on Safecore's comprehensive Online Content Management services and
the InBoxer Anti-Risk Appliance.
The Management Team of InBoxer will become an integral part of the
Executive Management Team of Safecore. Roger Matus, former CEO of
InBoxer, becomes Executive Vice President of Safecore, and Sean True,
Chief Technology Officer of InBoxer, becomes Vice President of Research
and Development of Safecore.
About Safecore, Inc.:
Safecore (www.safecore.com)
helps organizations to manage the risks associated with protecting
their electronic records and ensuring regulatory compliance. It
provides hosted, on-demand services under the Safecore brand and an
on-premises appliance under the InBoxer (www.inboxer.com)
brand. Both products enable organizations archive and search electronic
communications and securely share electronic content based on levels of
authorization. Founded in 2000 and headquartered in Burlington, MA,
Safecore's customers cross six continents include Fortune 100
companies, state and local governments, health care institutions, small
businesses and consumers. More than 150 organizations and 150,000 users
worldwide rely on Safecore's comprehensive Online Content Management
and the InBoxer Anti-Risk Appliance.
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