Boeing launches messaging security company

Friday, 22 August 2003, 2:51 PM EST

MessageGate was established through Boeing's Chairman Innovation Initiative, which gives employees a chance to develop new business ideas from company-developed technologies and processes.

The company was launched with more than $5.1m in funding led by Polaris Venture Partners, Northwest Venture Associates and Boeing Ventures.

The technology behind MessageGate was developed 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.

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