Boeing has spun off its internally developed messaging and compliance technology into a company called MessageGate.
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.
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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.
MessageGate's software is designed to block unwanted e-mail, ensure that valid business e-mail is delivered, reduce the risk of non-compliance with government regulations and enforce corporate policies on electronic communications.
The company's first commercially available product is MessageGate Security Edition, which provides protection for company 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 will deliver a family of enterprise products to help companies manage other messaging security issues.
Linda Rosencrance writes for Computerworld