IMLogic – Profile
HQ: Waltham, MA
Management: CEO is Francis deSouza, who previously ran Microsoft’s Real-Time Collaboration Group and built Microsoft’s first instant messaging server. VP of Engineering is Milan Shah, also a Microsoftie. He engineered enterprise messaging products like Biztalk Server, Exchange 2000, and Windows NT.
Investors: Raised $16M in May 2004 from Crosslink Capital, General Catalyst Partners, Goldman Sachs, Kodiak Venture Partners, Venrock Associates, Wilson Sonsini Goodrich & Rosati, and individuals.
Business Model: Instant messaging management to businesses of all sizes – works with all major IM products including AOL, MSN, Yahoo!, ICQ, IBM Lotus Instant Messaging, Microsoft Office Live Communications Server 2003/2005, Jabber, Reuters, Antepo and others. Currently claims 400 enterprise customers and over 500K seats under management.
Competitors: Omnipod, Facetime
Dirt: IM is a great way to communicate, but it leaves the corporate flanks wide open on security and confidentiality issues. For these reasons alone, we like this market opportunity. Also, company claims solid numbers: 2004 annual revenue growth of over 100% from the previous year with average quarterly revenue growth in excess of 30% and deployments in greater than 25% of the Fortune 100.