MessageOne secures $US 11.25 million in new financing

MessageOne, the US-based provider of enterprise business continuity, crisis communication and disaster recovery solutions, has announced the receipt of $11.25 million in new funding. New investor, QuestMark Partners, led the oversubscribed round with participation from all of MessageOne's existing venture investors including RRE Ventures, Impact Venture Partners and StarVest Partners.

MessageOne will use the new financing for launching new business continuity related products, expanding its sales and marketing operations, as well as pursuing strategic acquisitions.

Founded by Adam Dell and headquartered in Austin, Texas, MessageOne is best known as the leading vendor of affordable e-mail continuity services for global enterprises. MessageOne's flagship product, the patent-pending Emergency Messaging System (EMS), is a highly scalable backup e-mail system that guarantees the uninterrupted flow of e-mail, in the event of an outage in the customer's primary e-mail system. MessageOne customers include Motorola, T. Rowe Price, CIT, Andrews & Kurth, LLP, Young Broadcasting and MaxRe. Recent customer additions include First Citizens Bank, American Red Cross, Hilton Hotels and Blue Cross/Blue Shield of Florida.

Additionally MessageOne has partnered with both IBM and SunGard. Both partners offer private label versions of MessageOne's e-mail continuity and emergency notification and escalation services, hosted and delivered from their data centres.

In conjunction with the funding round, MessageOne will add Michael Leidesdorff of QuestMark Partners and John Miller, StarVest general partner to its board of directors.

www.messageone.com

•Date: 27th May 2004 •Region: N.America •Type: Article •Topic: BC markets
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