WideOpenNews: Sendmail: New Cash for Old CodeApr 06, 2000, 17:28 (0 Talkback[s])
(Other stories by Patricia Krueger)
"Linux may still be venture capitalists' definitive open source software, but sendmail, one of the earliest progenies of the open source movement, is vying for attention. Sendmail Inc., a company that's based its business model on the original open source sendmail code, this week announced an influx of $35 million that the company will use to improve its technologies and ramp up global sales efforts."
"Cofounded in 1997 by sendmail creator Eric Allman, the company is leveraging the ubiquity of sendmail -- code that Sendmail Inc. says now powers an estimated 75 percent of Internet mail servers -- to drive commercial versions into businesses seeking added security, encryption technologies, or even just a warrantied product or service."
"Sendmail Inc.'s commercial success relies on its ability to convince companies that they need email support and services. Flush with cash from investors, including Morgan Stanley Dean Witter Private Equity, Red Hat (which owns editorially independent Wide Open News), and the Intel IA-64 Fund, Sendmail Inc. president and CEO Greg Olson agreed to talk to Wide Open News about how its open source roots are informing its growth model."