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ComputerWorld: Emerging Companies: SendMail Inc.

Mar 14, 2000, 17:55 (0 Talkback[s])
(Other stories by Lee Copeland)

"Why it's worth watching: Open source code is storming into information technology shops. Sendmail is poised to convert these users into paying customers."

"Burn money: Sendmail got going with $18 million from angel investors and technology partners such as Sun Microsystems Inc. founders Andy Bechtolsheim and Bill Joy, Compaq Computer Corp. Chairman Ben Rosen and Novell Inc. CEO Eric Schmidt. It just secured an additional $35 million from Morgan Stanley Dean Witter & Co. in New York and two other venture capital firms."

"Prior Foundation
Unlike most start-ups, Sendmail inherited a huge installed base when it formed as a private company in March 1998. Since Eric Allman developed the Sendmail message-transfer agent at the University of California, Berkeley, in 1981, literally thousands of developers have tweaked and improved the code and thousands of users have made it the basis for storing and forwarding Internet e-mail."

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