Boeing launches messaging security company

Computerworld - The Boeing Co. said today that it has spun off its internally developed messaging and compliance technology into a company called MessageGate Inc.
The new company, based in Bellevue, Wash., was established through Boeing's Chairman Innovation Initiative, which gives employees a chance to develop new business ideas from company-developed technologies and processes, a Boeing statement said.
The company was launched with more than $5.1 million in funding led by Polaris Venture Partners, Northwest Venture Associates and Boeing Ventures.
Representatives from Boeing and MessageGate couldn't be reached for comment before deadline.
The technology behind MessageGate was developed, and the new company was organized, under the guidance of Polaris Ventures and Boeing Ventures.
"The growing volume of unwanted e-mail combined with increasing regulation created a need for e-mail security and compliance solutions designed specifically to meet the requirements of large enterprises," said David Weld, MessageGate's president and CEO, in the statement.
Weld said that by understanding message traffic flow and content, corporations can operate more efficiently, reduce costs and lower the risks associated with managing their e-mail infrastructures.
MessageGate's software is designed to block unwanted e-mail, ensure that valid business e-mail is delivered, reduce the risk of noncompliance with government regulations such as the Sarbanes-Oxley Act and enforce corporate policies on electronic communications.
The company's first commercially available product is MessageGate Security Edition, which provides protection for corporate e-mail systems by filtering and securing inbound, outbound and internal e-mail from unwanted e-mail.
MessageGate is also preparing to launch its Compliance Edition and plans to deliver a family of products to help companies manage other messaging security issues.

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