IMlogic
Enterprise software that carry integrated instant messaging services for a variety of industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
IMlogic, established in 2001 by co-founders Jon Sakoda and Francis deSouza, carved a niche in the enterprise software market by focusing on instant messaging (IM) management and security. The firm developed solutions designed to give corporations control over their real-time communication channels. This addressed the growing need for policy enforcement, compliance with corporate governance, and security against malware and viruses spreading through IM networks.
The company's core product, IM Manager, was engineered to work with major public and corporate IM networks, including those from America Online, Yahoo, and Microsoft. This technology allowed businesses to manage, secure, and archive their real-time communications, a critical function for regulatory compliance and internal security. As enterprises increasingly adopted IM for collaboration, they faced new security vulnerabilities and legal requirements for retaining digital communications, creating a significant market opportunity for IMlogic's offerings. This demand was highlighted by reports of a dramatic increase in IM-based security attacks in the mid-2000s.
IMlogic's growth was fueled by significant venture capital investment, raising a total of $33.7 million over three funding rounds from prominent investors such as General Catalyst, Venrock, Crosslink Capital, and Goldman Sachs. This financial backing enabled the company to scale its operations and product development. The firm's trajectory culminated in a strategic acquisition by Symantec in January 2006 for an undisclosed all-cash sum. Prior to the acquisition, the two companies had an existing partnership to deliver IM security solutions and had collaborated on threat research. The acquisition allowed Symantec to integrate IMlogic's technology into its broader security and archiving portfolio, notably with its Enterprise Vault product, to offer a comprehensive solution for managing all forms of business messaging. Keywords: IMlogic, enterprise instant messaging, IM security, messaging management, compliance archiving, Francis deSouza, Jon Sakoda, Symantec acquisition, IM Manager, real-time communication security, corporate governance, malware prevention, venture capital, General Catalyst, Venrock, Crosslink Capital, Goldman Sachs, enterprise software, messaging compliance